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Amendement in FTP 2015-20

DGFT - 16/2015-2020 (RE-2015) - Dated:- 4-6-2015 - TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-I, SECTION-I) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE NO 16/2015-2020 New Delhi, 04th June, 2015 In exercise of powers conferred under paragraph 1.03 of the Foreign Trade Policy, 2015-2020, the Director General of Foreign Trade hereby notifies the amendments to Handbook of Procedures of FTP 2015-20. .....

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012 dated 17.3.2012, as amended from time to time) upto 25% of FOB value of exports during preceding licensing year, shall be allowed." Amended paragraph 2.47(B)(i) shall read as under:- "(B) Agro-Chemicals Sector (i) Duty free imports of goods as specified in list 28A of Customs notification No. 21/2012 dated 17.3.2012, upto 1% of FOB value of exports made during preceding licensing year, shall be allowed to agro chemicals sector unit having export turnover of ₹ 20 crore or abov .....

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h 2.108(d) shall read as under:- 2.108 Rules of Origin (Non-Preferential) "(d). The agency would ensure that goods are of Indian origin as per criteria defined in (a) above before granting CoO (non preferential). Certificate would be issued as per format given in Annexure-II to Appendix 2 E. It should be ensured that no correction/re-type is made on certificate. Any agency desirous of enlistment in Appendix-2 E may submit their application as per Annexure-I to Appendix 2 E to DGFT." 5. .....

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t he has not included any Advance Authorisation in respect of which request for clubbing has been considered earlier by PRC. (ii) Request for clubbing shall be made in ANF - 4C to the concerned RA who has issued the Authorisations. (iii) Clubbing of authorisations covered under Appendix 4 J and authorisations with EOP less than 18 months shall not be allowed. (iv) Facility of clubbing of Advance Authorisations shall be available only for redemption / regularisation of such authorisations and no .....

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uthorisation. (b) Clubbing of Authorisations issued on or after 05.06.2012: Only such Advance Authorisations shall be clubbed which have been issued within 18 months from the date of issue of earliest Authorisation. (c) Clubbing of Authorisation issued before 5.6.2012 with authorisation issued on or after 5.6.2012: Only such Advance Authorisations shall be clubbed which have been issued within 18 months from the date of issue of the earliest Authorisation. (viii) Accounting of exports made outsi .....

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B value of exports made after 36 months from the date of issue of earliest authorisation but upto 42 months. For the exports effected after 42nd month till 48th month from the date of earliest Authorisation, the composition fee will be @ 0.5% per month of FOB value of exports made. (b) Where Authorisations are issued with initial obligation period of 18 months and last date of shipment is within 30 months: In such cases, exports made upto 30 months from the date of issuance of earliest authoriza .....

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tion(s) with initial obligation period of 18 months. In such cases, exports made upto 30 months from the date of issuance of earliest authorization only will be taken into consideration for clubbing. Accounting of exports shall be subject to payment of a composition fee @ 0.5% of FOB value of exports made after 18 months from the date of earliest authorisation but upto 24 months. For the exports effected after 24th month till 30th month from the date of earliest Authorisation, the composition fe .....

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uthorisation. The value addition would be calculated on the basis of total CIF and total FOB arrived at after clubbing the Authorisations." 7. Amendment in paragraph 4.42 Amended paragraph 4.42 shall read as under:- "4.42. Export Obligation (EO) Period and its Extension (a) Period of EO fulfilment under an Advance Authorisation shall commence from date of issue of Authorisation, unless otherwise specified. The period of EO fulfilment is given in paragraph 4.22 of FTP. (b) Regional Auth .....

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ty, provided Authorisation holder has fulfilled minimum 50% export obligation in quantity as well as in value, on pro-rata basis. This will be subject to payment of composition fee @ 0.5% per month on unfulfilled FOB value of export obligation. No further extension shall be allowed by Regional Authority. This provision shall also be applicable to Advance Authorisations issued during FTP 2009-2014. However, only two extensions of six months each as given in sub-para (c) and in this sub-para can b .....

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dvance Authorization issued for import of an input listed under Appendix 4J of HBP 2015-2020 or Appendix 30A of Hand Book of Procedures 2009-14 shall not be permitted by RA. (e) Whenever a ban / restriction is imposed on export of any product, export obligation period in respect of Advance Authorisation already issued prior to imposition of ban, would stand automatically extended for a period equivalent to the duration of ban, without any composition fee." 8. Amendment in paragraph 4.85 Ame .....

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gainst Authorisation. However EO period shall be 180 days from date of import of findings, mountings made of gold, platinum and silver and export of jewellery. No further extension in EO period will be allowed. (c) Advance Authorisation holder may obtain gold /silver / platinum from nominated agencies in lieu of direct imports. In such a case, nominated agency shall make, both exchange control copy and customs purpose copy of Authorisation invalid for direct imports." 9. Amendment in paragr .....

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