The Kashmir Chamber of Commerce & Industry (KCCI) has been granted more time to complete the on-boarding process with the National Securities Depository Limited (NSDL) by the Director General of Foreign Trade (DGFT). This comes after the KCCI was de-listed as an authorized chamber for issuing certificates of origin for its failure to on-board on e-CoO on the Common Digital Platform.
The KCCI has expressed its gratitude to the DGFT for taking a serious note of its representation and taking immediate action upon it. The chamber has also thanked its members and concerned members of civil society for their support during this time.
The exporter community has welcomed the DGFT’s decision, saying that it has heaved a sigh of relief. The KCCI, however, has expressed anguish at the irresponsible conduct of some people who tried to exploit the situation for their own vested interests.
The KCCI’s on-boarding process with NSDL is expected to be completed soon, after which it will be able to resume issuing certificates of origin to exporters.
PRESS RELEASE
The Kashmir Chamber of Commerce & Industry ( KCCI) is pleased to inform that the Director General Foreign Trade (DGFT), has considered its representation against de-listing it from issuing Certificate of Origin( Non- preferential) to exporters. The KCCI expresses its gratitude to Director General of Foreign Trade Mr. Santosh Kumar Sarangi for taking a serious note of its representation and taking immediate action upon it.
The DGFT has taken a view and communicated to KCCI its decision to grant more time to it to complete the ON-BOARDING process with the National Securities Depository Limited ( NSDL). Subsequently, DGFT will issue re-notification in the Appendix 2E of FTP.
It is pertinent to mention that the KCCI was de-listed as an authorised Chamber for issuing Certificate of Origin for its failure to ON-BOARD on e- CoO on the Common Digital Platform under Trade Notice No: 42/2020-21 dated: 19-02-2021. However, KCCI never received this notice or 10 subsequent notices recorded to have been issued by DGFT during the years 2021 & 2022 and 2 notices during 2023 to have enabled it to comply with it.
The KCCI thanks its members and concerned members of civil society for their support to deal with a crisis as ” fiat accompli”. The exporter community has heaved a sigh of relief on learning about the DGFT decision. The KCCI , however, feels anguished by irresponsible conduct of some people who tried to exploit the situation for their own vested interests.
