: Govt revises criteria for submission of applications for PPE export #FinanceIndia #StockMarketNEWS Govt revises criteria for submission of applications for PPE export New Delhi, July 21 (KNN) The

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Govt revises criteria for submission of applications for PPE export #FinanceIndia #StockMarketNEWS
Govt revises criteria for submission of applications for PPE export New Delhi, July 21 (KNN) The government has revised the procedure and criteria for submission and approval of applications for export of Personal protective equipment (PPE) coveralls for COVID-19 as all the requests filed by exporters for shipments in July were found ineligible.

The Directorate General of Foreign Trade (DGFT) under the Commerce Ministry in a notice, on Monday, said that the export quota for PPE coveralls for Covid-19 was fixed at 50 lakh per month as per notice dated June 29.

"All the applications received from July 1 to 3 were examined and none of the applications fulfilled the criteria specified in the trade notice dated June 29. All the applications, therefore, have been found ineligible for allocation of export quota," the notice by DGFT said.

It has now fixed revised procedure and criteria and exporters invited to send fresh online applications.

For the month of July, DGFT said online applications for the export as per revised criteria filed from July 22-24 will be considered.

"For August onwards, applications filed from the first day to third day of each month will be considered for the quota of that month. Validity of the export licenses will be for three months," it added.

The exporter will have to submit the copy of purchase order and one application per IEC (import export code) will be considered.

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