Mihir Ajit Shah

DGFT grants extension for mandatory e-filing of Non-Preferential Certificate of Origin (CoO)

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In continuation to the earlier Trade Notice, DGFT has now further extended the transition period for mandatory filing of applications for Non – Preferential Certificate of Origin (e-CoO) via Common Digital Platform (coo.dgft.gov.in) until
31st December 2024

The Exporters will have option to apply the CoO with the respective Agencies as notified under Appendix 2E of FTP in manual /paper mode as well.

However, exporters are encouraged to apply online eCoO and all the required Manual and FAQs are made available on the portal.

Exporters may refer to the Trade Notice No. 36/2023-24 for further details

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DGFT announces Implementation of Yellow Peas Import Monitoring System (YP-IMS)

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As per the DGFT Notification No. 50/2023 dated 08.12.2023, where Import of Yellow Peas are allowed subject to Compulsory registration under Import Monitoring System.

Now, DGFT has notified the YP-IMS Procedure vide PN 35/2023 Dt. 13.12.2023.

a. The Importer will require to apply for YP-IMS online on DGFT Website.

b. The fees of Rs. 500/- will be required to pay and YP-IMS will issue an Automatic Registration Number.  The Automatic Registration Number will be submitted to Customs authorities at the time of filing for Import clearance.

c. The Importer is required to register the YP-IMS not later than 5 days before the expected date of arrival of Import Consignment.

d. Only 1 Automatic Registration Number is required for any number of Import consignments up to 31st March 2024 Only.

e. Automatic Registration number will be valid for 1 Specific Country of Origin and 1 Port only.

Importers must refer the Public notice from the link below for all the details.
https://content.dgft.gov.in/Website/dgftprod/ec21b921-7d46-46eb-a851-d8ff589bed14/PN%2035%20dt%2013-12-23%20Eng.pdf

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DGFT launches Upgraded eBRC System for Exporters

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With the commitment to facilitate exports and imports and focus of transparent and accountable delivery system – DGFT launches an upgraded eBRC System for self certification by exporters.

The new upgraded system will mean that the Banks will now have to transmit the electronic Inward Remittance Message (IRMs) to the DGFT portal.

These IRMs will be accessible to relevant IEC holder upon logging into the DGFT Website – www.dgft.gov.in.

Exporters will create eBRCs by matching the IRM with relevant shipping bills, SOFTEX or Invoice details.

Multiple IRMs may be grouped under one eBRC or One IRM can be split amongst several eBRCs. The eBRCs can be generated via the system for Goods Exports, Services Exports and Deemed Exports.

The RBI Purpose Code and other fields mentioned in the IRM shall be used to validate the eBRC fields

Banks will have access to all eBRCs created by exporter against the IRMs they input.

The Soft (pilot) launch of the revamped system is proposed with effect from 15th November 2023.

Starting the given date (i.e 15.11.2023) each bank will set its cut-off on their readiness for the new system.

Both the upgraded system and the legacy eBRC system will operate simultaneously until all banks transition to the new system.

The DGFT website will host list of banks with their respective IRM cut-off dates for reference of all the stakeholders.

A Mandatory migration to API integration by the bank is also envisaged in the Trade Notice by all banks latest by 31st January 2024.

The Trade Notice No. 33/2023-24 Dated 10th Nov 2023 can be downloaded from the link below:
https://content.dgft.gov.in/Website/dgftprod/95f28e2b-6594-4d26-9b2c-8c3e9583a9d6/TN33%20Pilot%20Launch%20Revamp%20of%20eBRC.pdf

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