DGFT make certain amendment in Hand Book of Procedures 2015-2020

Dec 28, 2018 | by Avantis RegTech Legal Research Team


The Director General of Foreign Trade (DGFT) on December 27, 2018 has issued a Public Notice regarding Increased validity and utilisation of the norms ratified by Norms Committee (NC) under Para 4.12 of Hand Book of Procedures 2015-2020 of the Advance Authorization obtained under para 4.07, by other applicants of advance authorizations.

Following amendment in the Hand Book of Procedures 2015-2020:

Existing Para 4.12 (vi) of HBP 2015-2020:

Where Norms Committee has already ratified norms for same export and import products in respect of an authorization obtained under paragraph 4.07, such norms shall be valid for a period of two years reckoned from the date of ratification. The same applicant can avail repeat authorisations based on such adhoc norms. Regional Authority based on such adhoc norms. Another exporter, however, cannot be granted authorization by Regional Authority based on such adhoc norms.

The amended Para 4.12(vi) of HBP 2015-20:

Norms ratified by any Norms Committee (NC) in the % DGFT on or after 01.04.2015 in respect of any Advance authorization obtained under paragraph 4.07, shall-be valid for the entire period of the Foreign Trade Policy i.e. up to 31.3.2020 or for a period of three years from the date of ratification, whichever is later. Since all decisions of the Norms Committees are available in the form of minutes on the DGFT website, all other applicants of Advance Authorization are also eligible to apply and get their authorizations based on such ratified norms on repeat basis during validity of these norms.

Effect of this Public Notice:

All applicants of Advance Authorization are eligible to apply and get their authorizations based on ratified norms (available on DGFT website in form of minutes) on repeat basis.

[Public Notice No. 64/(2015-2020)]

URL: http://dgft.gov.in/sites/default/files/Public%20Notice%2064%20dated%2027.12.2018%20English.pdf


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.