The Policy Circular No. 02/2024 issued by the Directorate ...

Export Obligation: 3% non-achievement amount applies to AA issued u/s Para 4.49(b) post 01.04.2023. 10% CIF value applies to AA u/s Para 4.49(a)(ii) post 01.04.2023.

Circulars DGFT

May 23, 2024

The Policy Circular No. 02/2024 issued by the Directorate General of Foreign Trade provides clarification on the applicability of payment requirements for non-achievement of minimum Value Addition as per Para 4.49 (b) and 10% of CIF value as per Para 4.49 (a) (ii) of HBP 2023. It states that Advance Authorizations issued before 01.04.2023 are governed by the provisions of the relevant Handbook of Procedure (HBP) under which they were issued, excluding clubbing and extension provisions. The payment provisions specified in Para 4.49(a) (ii) and 4.49(b) apply only to authorizations issued on or after 01.04.2023. The clarification does not allow for a refund of already paid fees.

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The Policy Circular No. 02/2024 issued by the Directorate ...

Export Obligation: 3% non-achievement amount applies to AA issued u/s Para 4.49(b) post 01.04.2023. 10% CIF value applies to AA u/s Para 4.49(a)(ii) post 01.04.2023.

Circulars DGFT

May 23, 2024

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