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
Amendments to SION A-222 for Export of Erythromycin Stearate Tablets The Director General of Foreign Trade (DGFT) has recently made…
Deadline Extended for Broken Rice Exports to Senegal Through NCEL In a recent update from the Central Government, the export…
Amendment in Export Policy: Key Changes to Chapter 23 of ITC(HS) 2022 The Central Government has made amendments to the…
Withdrawal of Track and Trace System for Drug Export Formulations. The Director General of Foreign Trade has officially withdrawn Para…