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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