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CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th floor, 7-Cooperage Road, Mumbai - 400 001.
Tel :+91-22-69821200 to 206
Twitter : @chemexcil
E-mail: info@chemexcil.in
Website: http://www.chemexcil.in
EPC:LIC:DGFT:FTP:2023-24 29th February 2024.
To,
ALL THE MEMBERS OF THE COUNCIL
DGFT Notification-Amendment in Para 2.39 of the Foreign Trade Policy, 2023 - reg.
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Dear Sir/Madam,
O/o DGFT has issued a notification no 62/2023 dated 29th February 2024 on the amendment in Para 2.39 of the Foreign Trade Policy, 2023.
As per this notification Merchanting trade involving the shipment of goods from one foreign country to another foreign country without touching Indian ports, or the shipment of goods within one specific foreign country, involving an Indian intermediary, is allowed subject to compliance with RBI guidelines. This excludes goods/items in the CITES (The Convention on International Trade in Endangered Species of Wild Fauna and Flora) and SCOMET list.
The detailed notification can be viewed on following link
https://content.dgft.gov.in/Website/dgftprod/4a3e9487-4f32-41f2-8ab2-d571f6ff15b5/Noti%2062.pdf
Members are requested to take the note of the same.
Thanks and Regards
Raghuveer Kini
Director General
CHEMEXCIL
Encl : Noti 62
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