Page 31 - ELT_1st July 2020_Vol 373_Part 1

2020 ] THIS FORTNIGHT A5

investment in Plant and Machinery not to exceed ` Fifty crore with turnover not
exceeding ` Two hundred and Fifty crores. Form and detailed procedure for reg-
istration of such enterprise has also been prescribed. — Ministry of Micro, Small
and Medium Enterprises Notification No. S.O. 2119(E), dated 26-6-2020. (See page
N12)

Foreign Trade Policy

Human Embryos - Export Policy Revised. — The Central Government
has amended the export policy of Human Embryos/Gametes/Gonad falling un-
der Tariff Item 0511 99 99 under Chapter 5 of ITC (HS), 2018, Schedule-2 (Export
Policy) to allow its export freely subject to ‘No Objection Certificate’ from Indian
Council of Medical Research (ICMR). — M.C. & I. (D.C.) Notification No. 11/2015-
20, dated 12-6-2020. (See page E3)
Tyres - Import Policy revised to ‘Restricted’ from ‘Free’ — The Central
Government has amended the import policy of Radial and Other Tyres for Cars,
Buses, Motor Cycles and Cycles, etc. covered under ITC HS Code 4011 10, 4011
20, 4011 40 and 4011 50 of Chapter 40 of ITC (HS), 2017, Schedule-I (Import Poli-
cy) to put their import into India in Restricted category from Free category. —
M.C. & I. (D.C.) Notification No. 12/2015-20, dated 12-6-2020. (See page E3)
Hydroxychloroquine API and its Formulations - Export policy revised
to ‘Free’ from ‘Prohibited”. — The Central Government has amended the Notifi-
cation No. 54, dated 25-3-2020 to amend the Schedule-2 of the ITC HS Export Pol-
icy to allow free export of Hydroxychloroquine API and its formulations, cov-
ered under HS Codes 2933 49 00, 2933 39 90, 2933 99 00, 3004 90 59 and 3004 90
99. Prior to this these items were under Prohibited Category for export. — M.C.
& I. (D.C.) Notification No. 13/2015-20, dated 18-6-2020. (See page E4)
Personal Protection Equipment/Masks - Export policy revised and Ex-
port of specified PPEs Prohibited. — The Central Government has amended
Notification No. 44, dated 31-1-2020 read with Notification No. 6, dated 16-5-
2020 amending the Schedule-2 of the ITC (HS) Export Policy to Prohibit export of
Personal Protection Equipments/masks namely Medical Coveralls of all Clas-
ses/Categories; Medical Goggles; all masks other than non-medical/non-surgical
masks (Cotton, Silk, Wool , Polyester, Nylon, Rayon, Viscose - Knitted, Woven or
Blended); Nitrile/NBR Gloves and Face Shield falling under ITC HS Codes 9018
50; 9018 90; 9020; 3926 90; 6217 90 and 6307 90 exported either as part of kit’s or
as individual items. — M.C. & I. (D.C.) Notification No. 14/2015-20, dated 22-6-
2020. (See page E5)
Diamonds (cut and polished) - Re-import with Zero duty - Time-limit
enhanced from 3 months to 6 months where re-import period expiring be-
tween February 2020 to July 2020. — The Central Government has amended Pa-
ra 4.44 of the Foreign Trade Policy, 2015-20 to enhance the time-limit for re-
import facility of Cut and Polished Diamonds exported earlier, with zero duty
from three months to six months for cases where re-import period is expiring
between 1-2-2020 to 31-7-2020 in light of COVID-19. — M.C. & I. (D.C.) Notifica-
tion No. 15/2015-20, dated 25-6-2020. (See page E6)
DGFT Cautions all Stake holders of existence of fake websites. — In
view of the information brought to the notice of the DGFT that certain vested

EXCISE LAW TIMES  1st July 2020  31