DGFT clarifies on the applicability of Minimum Value Addition in case of Spices
DGFT clarifies that Para 4.09 (v) of Foreign Trade Policy 2023 which mandates 25% Minimum Value Addition in the case of Spices for Advance Authorisation and DFIA Scheme. It is clarified that the condition of the minimum value addition of 25% in the case of spices is applicable only where both expert as well as import items pertain to Chapter 9 of ITC HS Code.
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FeATURED ARTICLES
Export Policy of Raw Human Hair Now Prohibited, with Exceptions for High-Value Shipments The Central Government has recently updated the…
New Amendment to SION E-136: Export of Wheat Flour (Atta) with Millets Now Allowed The Directorate General of Foreign Trade…
DGFT amends Import Policy Condition for Classification of Vintage motor Vehicles The Central Government revises the Import Policy Condition no.1…
Amendments to SION A-222 for Export of Erythromycin Stearate Tablets The Director General of Foreign Trade (DGFT) has recently made…
