Foreign Trade Policy - CIF value increased for border trade between India and China

By Vijay Kumar

DGFT has amended 2.07 (a) (iv) of Handbook of Procedures (2015-2020) which lists categories of importers or exporters exempted from obtaining Importer-Exporter Code(IEC).

For border trade between India and China, the CIF value per consignment is being increased from Rs.1,00,000/- to Rs.2,00,000/- in case of Nathula, while for Gunji and Namgaya Shipkila, the existing CIF value limit of Rs.25,000/- is being enhanced to Rs.1,00,000/-.

DGFT Public Notice No.07/2015-20, Dated: May 1, 2015