Circular 7/2023
In force — no superseding record on file.
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Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Policy - 4 Division 2k of oe 2k 2k
Policy Circular No. 07/2023
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° Dated: 21* December 2023
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All Regional Authorities of DGFT All Exporters/Members of Trade All Custom Authorities
Subject: Clarification on the applicability of minimum Value Addition as provided under para 4.09 (v) of FTP 2023, in case of spices -reg.
Attention is drawn towards Para 4.09 (v) of Foreign Trade Policy 2023 which mandates 25% minimum value addition in the case of spices. It is clarified that the condition of minimum value addition of 25% in the case of spices is applicable only where both export as well as import items pertain to Chapter 9 of ITC HS Code.
This issues with the approval of the Competent Authority.
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Jt. Director General of Foreign Trade
(Issued from file no. 01/94/180/021/AM24/PC-4)
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