To be published in the Gazette of India Extraordinary (Part-I, Section-1)
Government of India; Ministry of Commerce and Industry
Department of Commerce; Directorate General of Foreign Trade
Public Notice No.104 (RE-2010)/2009-2014
Dated, the 23rd March 2012
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2009-14, the Director General of Foreign Trade hereby amends para 2.32.2 A of Handbook of Procedure, Vol. I relating to Pre-Shipment Inspection Agencies (PSIA) for Import of Metallic Waste and Scrap and inserts a new para 2.32.2 B relating to responsibility and liability of PSIA and the importer.
1. Amended Para 2.32.2 A of the HBP, Vol.I would read as under:
|Recognition as Pre-shipment Inspection Agency (PSIA) and||2.32.2 A||(a) Application for recognition in respect of PSIAs have to be made in proforma prescribed in Appendix 5-A.|
|issuance of Pre-shipment Certificate (PSIC)||(b) For applicants based in India application fee will be 7500/= and for applicants based abroad the application fee will be US $200. The fees may be amended from time to time by DGFT.|
|(c) The application s will be considered by an Inter – Ministerial Committee.|
|(d) The PSIAs will be issued a recognition certificate valid for three years. However, DGFT has the right to suspend/cancel such a certificate at any time during the 3 year term. At the end of 3 years PSIA has to make a fresh application for further recognition.|
|(e) PSIA shall issue Pre-Shipment Inspection Certificate (PSIC) in the format given in Appendix 5-B.|
2. The recognition of existing agencies currently listed in Appendix 5 will continue to be valid for six months from the date of this Notification.
4. Para 2.32.2 B has been inserted in the HBP Vol.I (to appear after 2.32.2.A) as below:
|Responsibility and Liability of PSIA and Importer||2.32.2 B||(a) In case of any mis-declaration in PSIC, PSIA would be liable to pay a penalty upto 10 Lakhs (if the agency is based in India) or up to US $20,000/- (if the agency is based in foreign country), in addition to suspension/cancellation of recognition.|
|(b) The importer would also be responsible for import of any material in contravention of the declaration as required under Para 2.32.2 of HBP Vol.I and would be liable to pay penalty upto 10 Lakhs.|
5. Effect of this Public Notice:
The eligibility criteria for recognition of Pre-shipment Inspection Agencies and format of the Pre-shipment Inspection Certificate have been modified.
(Anup K. Pujari)
Director General of Foreign Trade
(Issued from F.No.01/53/162/P-64/AM08/IC)