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In exercise of powers conferred under Paragraph 2.04 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade hereby makes amendment in para 2.07 (a) (iv) of Handbook of Procedures (2015-2020) which lists categories of importers or exporters exempted from obtaining Importer-Exporter Code(IEC).
2. The existing para 2.07(a) (iv) reads as under:
“Persons importing/exporting goods from/to Nepal, Myanmar through Indo-Myanmar border areas and China (through Gunji, Namgaya Shipkila and Nathula ports), provided CIF value of a single consignment does not exceed Indian Rs.25, 000. In case of Nathula port, the applicable value ceiling will be Rs.1, 00,000/-.”
3. The revised para 2.07 (a) (iv) would read as under:
“Persons importing/exporting goods from/to Nepal; Myanmar (through Indo-Myanmar border areas); and China (through Gunji, Namgaya Shipkila and Nathula ports), provided that the CIF value of single consignment of import/export of goods from/to Nepal; and Myanmar (through Indo-Myanmar border areas) does not exceed Indian Rs. 25,000/-; and in the case of China, (a) for import/export of goods through Gunji and Namgaya Shipkila, CIF value of single consignment does not exceed Indian Rs.1,00,000/-;and (b) for import/export of goods through Nathula, CIF value of single consignment does not exceedRs.2,00,000/-.”
4 .Effect of this Public Notice:For border trade between India and China, the CIF value per consignment is being increased from Rs.1,00,000/-to Rs.2,00,000/-in case of Nathula, while for Gunji and Namgaya Shipkila, the existing CIF value limit of Rs.25,000/-is being enhanced to Rs.1,00,000/-.
(Pravir Kumar)
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