Directorate General of Foreign Trade has made amendment in Foreign Trade Policy 2015-2020

Sep 28, 2018 | by Avantis RegTech Legal Research Team


The Directorate General of Foreign Trade (DGFT) on September 27, 2018 has published a notification regarding amendment in Para 2.47 which specifies export through courier Service/post and per consignment amount of Foreign Trade Policy (FTP) 2015-2020.

The following amendment in the FTP 2015-2020 are as under:

Para of the
FTP 2015-20

Current para

Amended Para

2.47

2.47 Export through Courier Service/Post

Exports through a registered courier service is permitted as per Notification issued by DoR. However, exportability of such items shall be regulated in accordance with FTP/ ITC (HS), 2017.The value limit for such exports through courier service and Post shall be Rs. 5,00,000 per consignment

2.47 Export through Courier Service/Post

Exports through a registered courier service/Foreign Post Office is permitted as per Notification issued by DoR. However, exportability of such items shall be regulated in accordance with FTP/ Export Policy in ITC (HS), 2018. The value limit for exports through courier service shall be Rs. 5,00,000 per consignment

 

Effect of this Notification: The value limit stipulated on exports through Post in para 2.47 of the FTP has been done away with. The value limit of Rs. 5,00,000/- will be applicable only in case of courier exports.

[File No. 01/61/180/16/AM17/PC-3]

URL: http://dgft.gov.in/sites/default/files/NOT-36-27092018_0.pdf


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