Inportant Informations

Export Credit in Foreign Currency

RBI has deregulated the ceiling rate on export credit in foreign currency vide RBI Circular NO DBOD. DIR No. 100/40.02.001/2011-12 dated 04/05/2012. Now banks have been allowed to freely determine their interest rates, on both borrowing (from overseas banks) and lending rates of export credit in foreign currency.

Conditions for Export of Carpets, Handicraft Items and Silk Items

With the vigorous efforts of the Council the Government of India accepted the request of the CEPC for restricting export of Handmade Woollen Carpets on clean D/A term of Payment.
Accordingly, the Ministry of Commerce & Industry, Department of Commerce, Govt. of India vide Notification No. 5/(RE-2012)/ 2009-2014 dated 2nd July, 2012 made the following amendments in Table A of the Schedule 2 of the ITC(HS) Classification of Export & Import Items, by inserting entry at S. No. 8 A, 8 B & 8 C, with immediate effect.

Export Data

Export of Carpets & Other Floor Coverings, Statement of Exports and Comparison and Country-wise Exports of Handmade Carpets and other floor coverings is being attached for the information of members of the council.

MDA Reimbursements

Lists of MDA Reimbursements in various years is attached..

Enrolment of Carpet Exporters for adoption of Bar Coding System

Members are aware that a Project has been assigned to Office of the Development Commissioner (Handicrafts) for adoption of Bar Coding System for Handicrafts, Textiles, Carpets etc. through GSI India under Ministry of Commerce. The details of the Scheme have already been circulated to you vide this Council’s letter dated 18th December, 2009 and also reminded on 22nd January, 2010e.

GS1 Standards in India Handicraft Sector

Scheme for implementation and Promotion of bar-coding using GS1 Standards in India Handicraft Sector under Research and Development Scheme of Office of the Development Commissioner (Handicrafts)

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