Page 22 - Craftcil Aug & Sep 2023

I mpex

This column is compiled by Consultant [EXIM Policy] of EPCH. It contains recent Public Notices, Notifications and Circulars
of DGFT, CBIC and Department of Revenue. If a handicraft exporter has question[s] to ask on
Foreign Trade Policy, he/she may please write / e-mail to EPCH at policy@epch.com

Impex # 1 Clarification issued on the availability of Pre-shipment and Post-shipment credit
for E-commerce exports
DGFT issues Trade Notice containing the DGFT has issued a Trade Notice No.26/2023-24 dt. 4th Sept,

clarification that the existing RBI policy does 2023 containing the clarification that the existing policy of RBI does
not prevent availability of Pre-shipment and not preclude E-commerce exporters from availing Pre-shipment
and Post-shipment credit in foreign currency (PCFC).
Post-shipment export credit and packing credit
in Foreign currency for E-commerce exports. Copy of Trade Notice No.26 dt 04-09-2023 is given below:

(Copy) Trade Notice No. 26/2023-24-DGFT; Dated: 4th September 2023

Subject: Pre-shipment and Post-shipment Export Credit and Packing Credit in Foreign Currency (PCFC) for
E-Commerce Exports -reg
Reference Chapter 9 of the new Foreign Trade Policy 2023 on 'Promoting Cross Border Trade in Digital Economy', it is
submitted that consultations were held with industry representatives, exporters, and nodal departments on outstanding
issues pertaining to exports through E-Commerce. One issue flagged was the unavailability of Pre-shipment and
Post-shipment export credit for E-Commerce exports. In this regard, consultations were held with RBI.

2. Reference the said consultation with RBI, it is clarified that "Master Circular-Rupee / Foreign Currency Export
Credit and Customer Service to Exporters" furnishes a comprehensive framework, allowing for access to Pre-shipment
and Post-shipment export credit and Packing Credit in Foreign Currency (PCFC) to all eligible exporters which does
not preclude E-Commerce Exporters.
3. Banking and financial institutions concerned are therefore encouraged to extend Pre-shipment and Post-shipment
Export Credit and Packing Credit Loan in Foreign Currency (PCFC) to E-Commerce exports based on the extant
guidelines issued by RBI. Any issues in availing such Export Credit may be brought to attention by E-Commerce
Exporters or banks to this Directorate.

Impex # 2 Holding of "Monthly workshops" on cross border E-commerce

DGFT issues Trade Notice about Dissemination of information about the complex subject of foreign trade is
very important. DGFT has issued out Trade Notice No. 25/2023-24 dt 01st Sept,
holding "Monthly workshops
2023 about holding of "Monthly workshops"on the subject of border E-commerce
on"cross border E-commerce. (copy reproduced below) it may be of interest to many.

(Copy) Trade Notice No. 25/2023-24-DGFT; Dated: 1st September 2023
Subject: Monthly workshops on Cross-border E-Commerce-reg.

Attention is drawn to Para 9.07 of Foreign Trade Policy 2023, wherein handholding and outreach to promote
E-Commerce Exports is mandated. In addition to increasing awareness on E-Commerce related rules and processes,
actions for capacity building and skill development for promotion of E-Commerce exports is also mandated. In this
regard, monthly workshops on E-Commerce Exports are proposed by this directorate.

2. Workshop Topics: The workshops shall cover aspects related to cross-border logistics, Postal and Customs
compliances and cross-border payment mechanisms as well as any other topics of relevance.

22 CRAFTCIL • August-September 2023