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GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
PUBLIC NOTICE NO 17/2015-2020
New Delhi Dated The 08th June, 2016
Subject: - Amendment in Para 4.47(a)(ii) of Hand Book of Procedures
2015-20 for allowing revalidation of Advance Authorizations along with Bond
waiver.
In exercise of powers conferred under Para 1.03 of the
Foreign Trade Policy,
2015-20, as amended from time to time, the Director General of Foreign Trade
hereby makes the following amendments in paragraph 4.47(a)(ii) of
Handbook of
Procedures 2015-20 which will be effective for Advance Authorizations issued
during Foreign Trade Policy period 2015-20:-
Existing Para 4.47(a)(ii):
While allowing waiver of Bond, Regional Authority may revalidate the
Authorisation in continuation for further six month from the date of endorsement
provided applicant has made a specific request and paid requisite fee for
revalidation.
Revised Para 4.47(a)(ii):
While allowing waiver of Bond for exports made first (before effecting
imports) on pro-rata basis, Regional Authority may revalidate the Authorization
in continuation for further six months for replenishment of inputs used in
manufacture of export item's from the date of endorsement provided applicant has
made a specific request in ANF 4D and paid requisite fee for revalidation. It
will be further subject to condition that the applicant had not obtained
revalidation earlier in terms of Para 4.41(a) of HBP 2015-20.
Effect of Public Notice:
Revalidation under Para 4.47(a) (ii) of HBP 2015-20 shall not be available if
revalidation has already been obtained under Para 4.41(a) of HBP 2015-20.
(Anup Wadhawan)
Director General of Foreign Trade
E-mail:dgft@nic.in
(Issued from F.No. 01/94/180/146/AM16/PC-4)
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