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Grant of relaxation of ILC with Regional Authorities with reference to Notification No. 38 dated 5th Feb. 2016

DGFT - 03/2016 - Dated:- 21-4-2016 - No.01/89/180/Moni-5852/AM-03/PC-2 (A) Government of India Ministry of Commerce & Industry Directorate General of Foreign Trade Udyog Bhawan, New Delhi Dated: 21.04.2016 Trade Notice No. 03/2016 To 1. IEC holders 2. Chambers of Trade and Industries 3. FIEO/ASSOCHAM/CII 4. All RA's of DGFT Vide Notification No. 38 dated 5th February, 2016, Government has imposed Minimum Import Prices (MIP) on 173 tariff lines under Chapter 72 (Iron & Steel). The sam .....

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m the date of Notification). 3. The Policy Relaxation Committee (PRC) in its meeting dated 11.4.2016 has considered these representations. It noted that importers had opened ILCs under Para 1.05 of FTP but missed the deadline of registering ILCs with the RAs within the prescribed time limit (15 days from the date of Notification). It further noted that as the ILCs were negotiated and finalised before the date of the Notification No 38 dated 5th February, 2016 and only on procedural matter of reg .....

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