DGFT amended Paragraph 10.08 (ix) in the Foreign Trade Policy 2023 to amend the Policy for General Authorisation for Export of Chemicals and Related Equipment (GAEC)

Jun 19, 2023 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Finance & Taxation ComplianceThe Directorate General of Foreign Trade (DGFT) on June 19, 2023, amended Paragraph 10.08 (ix) in the Foreign Trade Policy 2023 to amend the Policy for General Authorisation for Export of Chemicals and Related Equipment (GAEC).

The following revised paragraph 10.08 (ix) has been stated:

10.08(ix) General Authorization for export of Chemicals and related equipment (GAEC) except software and technology:

Export of Chemicals (excluding Software and Technology) for export to specified countries as listed in Paragraph 10.16 of Handbook of Procedure is allowed on the basis of a one-time General Authorization for Export of Chemicals and related equipment (GAEC) issued by DGFT with one-time validity of 5 years subject to the post export reporting of all the exports done under the authorization.

[Notification No. 12/2023]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT