Page 134 - ELT_2nd_15th April 2020_Vol 372_Part
P. 134

E30                         EXCISE LAW TIMES                    [ Vol. 372

                                     are also made extending the date of exemptions by one year and extending valid-
                                     ity of DFIA and EPCG Authorizations for import purposes.
                                                 [M.C. & I. (D.C.) Notification No. 57/2015-20, dated 31-3-2020]
                                     Iron and Steel - Delay in Shipments due to COVID-19
                                         — Validity of Automatic Registration Number generated
                                         under SIMS till 31-3-2020 extended
                                            Subject :  Amendment in import policy of Iron & Steel and incorporation  of
                                                     policy condition in Chapter 72, 73 and  86 of ITC (HS), 2017,
                                                     Schedule-I (Import Policy).
                                            In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read
                                     with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended
                                     from time to time, the Central Government hereby amends Para (c) of the Policy
                                     conditions  incorporated vide Notification No.  17/2015-2020 dated 5th Septem-
                                     ber, 2019 published in the Gazette of India (Extraordinary) vide S.O. 3214(E) dat-
                                     ed 5th September, 2019, as under :
                                            c.  The Steel Import Monitoring System (SIMS) shall require importers to
                                            submit advance information in an online system for import of items in the
                                            Annex and obtain an automatic Registration Number by paying registra-
                                            tion fee of Rs. 1 per thousand subject to minimum of Rs. 500/ and maxi-
                                            mum of Rs. 1 lakh on CIF value. The importer can apply for registration
                                            not earlier than 60th day and not later than 15th day before the expected
                                            date of arrival of import consignment. The automatic Registration Number
                                            thus granted shall remain valid for a period of 75 days.
                                            Note : The automatic registration number generated till 31-3-2020 shall remain
                                            valid for a period of 60 days beyond the 75 day period notified vide DGFT Notifi-
                                            cation no. 17 dated 5-9-2019, in view of delays in shipments due to COVID-19
                                            breakout. In effect, the automatic registration number generated till 31-3-2020
                                            shall remain valid for a period of 135 days.
                                            Effect of the Notification : One-time relaxation is provided through ex-
                                     tension of validity to 135 days of the automatic registration number generated
                                     under SIMS till 31-3-2020.
                                                 [M.C. & I. (D.C.) Notification No. 58/2015-20, dated 31-3-2020]
                                     Diagnostic kits — Export policy revised
                                            Subject :  Amendment in Export Policy of Diagnostic Kits.
                                            In exercise of powers conferred by Section 3 of the Foreign Trade (Devel-
                                     opment & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para
                                     1.02 and 2.01 of the Foreign Trade Policy, 2015-20, the Central Government here-
                                     by makes the following amendments in the Schedule 2 of the ITC HS Export Pol-
                                     icy related to export of Diagnostic Kits, with immediate effect :

                                      S. No    ITC HS           Description          Present       Revised
                                               Codes                                  Policy       Policy
                                      207 G     3822    Diagnostic kits                Free       Restricted
                                                        [Diagnostic or laboratory
                                                        reagents on a backing, prep-
                                                        aration diagnostic or labora-

                                                         EXCISE LAW TIMES      15th April 2020     150
   129   130   131   132   133   134   135   136   137   138   139