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Value Addition under Advance Authorization Scheme for the authorization issued prior to 27.08.2009-reg., DGFT PUBLIC NOTICE No 15/2009-14, 27-10-2009


Date: 27-10-2009
Notification No: DGFT PUBLIC NOTICE No 15/2009-14
Issuing Authority: DGFT  
Type: Public Notice
File No: 01/94/180/FTP/09-10/AA/AM10/PC-4
Subject: Value Addition under Advance Authorization Scheme for the authorization issued prior to 27.08.2009-reg.

GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE

PUBLIC NOTICE No. 15 / 2009-14
NEW DELHI: the 27th October, 2009

In exercise of powers conferred under Para 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedures (Vol.1), 2009-14:-

  1. At the end of paragraph 4.21, the following clause shall be added:

    “However, in case of advance authorisations issued prior to 27.8.09 under the FTP, 2004-09, the following conditions shall apply for any enhancement in the value of the authorisation:
    1. Wherever, exports are subsequent to 27.8.09, enhancement in CIF/FOB values shall be subject to a minimum value addition (VA) of 15% for that component of exports.

    2. Wherever, the exports are prior to 27.8.09, enhancement of CIF/ FOB value shall be subject to a minimum Value addition of 15% or the V.A. declared in the original Advance Authorization application, whichever is lower.

      This issues in public interest.

Sd/-
(R.S. Gujral)
Director General of Foreign Trade and
Ex Officio Additional Secretary to the Government of India
(F.No. 01/94/180/FTP/09-10/AA/AM10/PC-4)

       


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