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Chapter 1 - Legal Framework and Trade Facilitation - Foreign Trade - Handbook of Procedures, 2023Extract ..... o force from the date of the notification and shall continue to be in operation unless otherwise specified or amended. 1.02 Objective The objective is to implement provisions of FT (D&R) Act, Rules and Orders made thereunder and provisions of FTP by laying down simple, transparent and digitally (electronically) compatible procedures, which are user friendly and easy to comply with and administer for efficient management of Foreign Trade. 1.03 Definition For the purpose of this Handbook, definitions and glossary contained in FT (D&R) Act, Rules and Orders made there under and in the FTP shall apply. 1.04 E-governance of Foreign Trade in DGFT IT initiatives taken by DGFT are as under: (a) DGFT Online Customer Portal A customised onlin ..... x x x x x Extracts x x x x x Chapter 1 - Legal Framework and Trade Facilitation - Foreign Trade - Handbook of Procedures, 2023 x x x x x Extracts x x x x x ..... will also be handled in online environment. (f) Onboarding of CA/CS/Cost Accountant In order to move towards paperless processing, an electronic procedure has been developed to upload digitally signed documents by Chartered Accountant / Company Secretary / Cost Accountant. Exporter shall be able to link digitally uploaded annexure with the online applications under various schemes of the FTP. (g) 24 X 7 Helpdesk Facility to guide applicants and monitor grievances A dedicated 24 X 7 Helpdesk facility has been put in place to assist the exporters in filing online applications on the DGFT portal and other matters pertaining to Foreign Trade Policy. A Help manual & FAQs for filing various applications under the FTP are also available on DGF ..... x x x x x Extracts x x x x x Chapter 1 - Legal Framework and Trade Facilitation - Foreign Trade - Handbook of Procedures, 2023 x x x x x Extracts x x x x x ..... hrough DGFT Portal can be verified at DGFT website under the link > Services > Verify Document. 1.05 Use of Digital Signature Certificates and Aadhar e-Sign DGFT allows submission of applications authenticated through digital signature certificate (DSC) issued by any approved entity of Controller of Certifying Authority of India or through Aadhar eSign in online environment. 1.06 Conversion of Currencies in e-BRCs (a) Currencies, where Exchange rates are notified by CBIC: The foreign exchange realised (as mentioned by bank in the eBRC) is converted into Indian Rupee (INR) using the monthly exchange rates published by CBIC as on Let Export Order (LEO) date. (b) Currencies, where Exchange rates are not notified by CBIC: In such cases, t ..... x x x x x Extracts x x x x x Chapter 1 - Legal Framework and Trade Facilitation - Foreign Trade - Handbook of Procedures, 2023 x x x x x Extracts x x x x x ..... ty of status certificate (a) Any Status Certificate issued under FTP 2015-20 to an IEC holder shall remain valid only till 30.09.2023. (b) Status Certificates issued under this FTP shall be valid for a period of 5 years from the date on which application for recognition was filed. (c) On achieving higher status threshold as per Para 1.26 of FTP a firm can, at its discretion, upgrade their status holder category after surrender of the previous Certificate and applying as per para 1.08 above. 1.10 Maintenance of Accounts and Submission of Annual Export Statement Status Holders shall maintain true and proper accounts of its exports and imports based on which such recognition has been granted. Records shall be maintained for a period of two yea ..... x x x x x Extracts x x x x x Chapter 1 - Legal Framework and Trade Facilitation - Foreign Trade - Handbook of Procedures, 2023 x x x x x Extracts x x x x x
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