Explore the transformative role of the Policy Relaxation Committee (PRC Committee) in facilitating strategic trade advantages and policy ease for businesses.The Policy Relaxation Committee (PRC) is a pivotal body tasked with systematically evaluating and enhancing policies. As the authoritative PRC committee, it conducts thorough reviews to identify areas for policy refinement, fostering adaptability and efficiency in governance.
Unlocking Opportunities: Insights into PRC Committee Impact
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Policy Relaxation, within the context of foreign trade policy for Importers and Exporters in India,
denotes the exemption granted from established policies and procedures. The Directorate General
of Foreign Trade DGFT holds the authority to, in the public interest, issue orders or provide
exemptions, relaxations, or relief on grounds of genuine hardship from any provision outlined in
the foreign trade policy (FTP) or associated procedures. This mechanism serves as a crucial avenue
for ensuring flexibility and adaptability in international trade practices.
INTROSUCTION
3. All matters related to policy relaxation fall
under the purview of the Policy Relaxation
Committee (PRC) situated at DGFT New Delhi.
PRC committee, chaired by the Directorate
General of Foreign Trade (DGFT), serves as
the focal point for deliberations and
decisions concerning exemptions and
relaxations. It acts as a strategic entity,
meticulously addressing cases that warrant
special consideration due to genuine
hardships or specific circumstances.
4. The complex process of policy relaxation unfolds
as the PRC evaluates and reviews each case,
applying a nuanced approach to balance public
interest with the needs of trade businesses. By
providing a structured framework for addressing
challenges, the PRC plays a crucial role in
maintaining the integrity of the foreign trade
policy while accommodating the dynamic nature
of global trade. In essence, the Policy Relaxation
mechanism emerges as a vital instrument for
promoting fairness, transparency, and efficiency
in India's international trade landscape.
5. What is an e-PRC System?
An e-PRC system refers to an Electronic Permanent Resident Card
system, which digitally manages and facilitates the issuance and
verification of permanent resident cards. e-PRC system leverages
electronic processes to streamline the application, renewal, and
authentication procedures associated with permanent residency.
It typically involves online platforms, databases, and secure
authentication mechanisms to enhance efficiency and security in
handling the documentation and identification processes for
individuals with permanent resident status in a given country. The
e-PRC system aims to modernize and simplify the administration
of permanent residency programs.
6. THANK YOU
The introduction of an e-PRC system stems from a broader initiative to modernize and digitize
immigration and residency processes. By implementing electronic systems for permanent resident
cards, governments aim to enhance efficiency, reduce paperwork, and improve overall service
delivery. Electronic systems streamline application procedures, minimize processing times, and
provide a more secure and accessible method for residents to manage their permanent residency
status. Additionally, the transition to e-PRC systems aligns with global trends in leveraging technology
to create more agile and user-friendly immigration frameworks, promoting a seamless experience for
both authorities and residents.
Why e-PRC was introduced?
7. THANK YOU
Interested businesses (Importers or exporters) need to visit the official website of DGFT
(https://www.dgft.gov.in/CP/ ).
Applicant trade businesses need to fill out the online application form.
Candidates will be requested to fill out the application as per the form ANF-2D on the portal.
Fields assigned with an asterisk (*) are mandated to fill, applicants are requested to fill these fields
to complete their application process.
To log into the DGFT portal, candidates must use their user ID and password (provided upon linking
your company's IEC).
The Process for Online PRC Application
8. THANK YOU
Request a new application form by choosing "Apply for PRC Committee" in the Services menu and
clicking on the Policy Relaxation Committee option.
Complete all fields by submitting the required files.
Following the input of the applicant's details, proceed to input the information related to the
personal hearing.
Select “Yes” or “NO”, if you want to request a personal hearing (PH).
A fee of Rs. 2000 is required for new applications under Appendix 2K, while review applications
incur a charge of Rs. 5000.
Through the application submitted via My Dashboard, applicants can track the status and
development of their submission.
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