DGFT Extends relaxation of the Provisions under Notification 20/2015-20

DGFT Extends relaxation of the Provisions under Notification 20/2015-20

Reetu | May 3, 2022 |

DGFT Extends relaxation of the Provisions under Notification 20/2015-20

DGFT Extends relaxation of the Provisions under Notification 20/2015-20

The Directorate General of Foreign Trade (DGFT) vide Notification No. 02 /2015-2020 dated 2nd May 2022 extends relaxation of the Provisions under Notification 20/2015-20 dated 24.08.2021.

The Notification is Given Below:

S.O. 2053(E).—In exercise of powers conferred by Section 3 and Section 5 of FT(D&R) Act, 1992 read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP), 2015-2020, as amended from time to time, the Central Government hereby amends the DGFT Notification No. 20/2015-2020 dated 24.08.2021 read with Notification 23/2015-20 dated 03.09.2021, Notification No. 26/2015-20 dated 13.09.2021, Notification 32/2015-20 dated 25.09.2021 and Notification 36/2015-20 dated 08.10.2021 as under:

i. For import of remaining Quantities of 5.5 Lakh MTs the last date of imports is extended to 30th September 2022, or until further orders, whichever is earlier. The import of given consignments may be considered for Bill of Lading or Lorry Receipt dated on or before 30th September, 2022. Furthermore, ‘Out of charge’ may be authorised by the Customs Authorities on or before 31st December, 2022.

ii. It is reiterated that import is allowed only through the (8) ports as notified earlier i.e., Nhava Sheva Port (INNSA1), LCS Petrapole (INPTPB), Mumbai Sea Port (INBOM1), Tuticorin Sea Port (INTUT1), Vishakhapatnam Sea Port (INVTZ1), Ghojadanga LCS (INGJXB), Kolkata (INCCU1) and Ranaghat Railway Station (INRNG2).

iii. Strict monitoring of import quantity to be ensured by Department of Animal Husbandry and Dairying (DAH&D) so that the mandated quantity of 5.50 lakh MT is not breached.

2. Effect of the Notification:

Relaxation of import provisions under Notification No. 20/2015-20 dated 24.08.2021 to allow import of the remaining quantity of 5.50 Lakh MT upto 30.9.2022 or until further orders, whichever is earlier. Bill of lading of such import consignments to be on or before 30.9.2022 and “Out of Charge” of such consignments to be authorised by customs on or before 31.12.2022.

This issues with the approval of the Minister of Commerce & Industry.

For Official Notification Download PDF Given Below:

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




Author Bio
My Recent Articles
NFRA Penalises Partners of Audit Firm M/s Haribhakti and Co. LLP for Audit Lapses NFRA imposes Fine of Rs.2 Crore on Deloitte Haskins for lapses in ZEEL Audit Revamped Income Tax Act expected to take more than a Year to implement Gift Vouchers won’t attract GST; Clarity on GST spurs industry optimism Beedi workers urge a reduction of GST on Beedi to 5% from 28%View All Posts