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Latest notifications, circulars, orders and compliance changes.
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DGFT Revises Natural Honey MEPSummary: The Central Government has issued a significant update related to the export of Natural Honey under ITC (HS) Code 04090000. Exercising its powers under the Foreign Trade (Development and Regulation) Act, 1992 and linked with Foreign Trade Policy 2023 the government has reviewed the Minimum Export Price (MEP). According to the latest notification, the MEP for Natural Honey has been reduced from USD 2,000 per metric ton to USD 1,400/metric ton. This change is active immediately and will remain in effect until December 31, 2025. This amendment substitutes the previous notification no. 45/ 2024-25 dated 30/12/2024. The drop in MEP aims to promote honey exports so that Indian honey has a more competitive price in global markets. Exporters should ensure compliance with the revised prices to prevent any regulatory issues. The latest policy will directly impact honey exporters, trading companies and relevant stakeholders across the country. For smooth operations, businesses are advised to update their pricing and documentation accordingly.
Summary: The Directorate General of Foreign Trade (DGFT) has amended para 10.16 of the Handbook of Procedures (HBP) 2023 to widen the scope of the General Authorization for Export of Chemicals (GAEC). Under the revised guidelines, exporters of SCOMET items in Categories 1C, 1D, 1E, 3D001, and 3D004 (excluding software and technology) are required to submit an online application to ANF-10A. One significant update now comprises the export or re-export of chemicals listed in Schedule 10(N) to the specific country mentioned therein. Moreover, under a new clause (10.16(A) (I) (b)), exporters intending to ship to a non-listed country need to specify those destinations for consideration. If available, exporters can also submit an Authorized Economic Operator (AEO) Certificate or a Status Holder Certificate. This amendment, effective immediately, facilitates the controlled and transparent export of sensitive chemical items while growing eligible destinations under the GAEC framework.
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DGFT Bans Import of Drones in IndiaSummary: In the recent notification released by DGFT, the Import of Drones in India in a Completely-Built-Up (CBU), Semi-knocked-down (SKD), or Completely-Knocked-down (CKD) form is Prohibited. However certain exemptions have been listed in the notification as listed below, Import of drones for R&D purposes in CBU, SKD, and CKD form. Import of drones by GOI for defense and security in CBU, SKD, and CKD form.
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