| Date: |
24-11-2008
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| Notification No: |
DGFT Policy Circular No 42/2008 DT.24/11/2008
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| Issuing Authority: |
DGFT
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| Type: |
Circular
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| File No: |
F.No.01/94/180/556/AM09/PC-4 |
| Subject: |
Review of Advance Authorization cases issued under Policy Circular No.9 dated 30.6.2003 for fulfillment of export obligation – regarding.
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GOVERNMENT OF INDIA
MIN ISTRY OF COMMERCE & INDUSTRY
DIRECTORATE GENERAL OF FOREIGN TRADE
UDYOG BHAVAN, NEW DELHI-110011.
Policy Circular No. 42(RE-2008)/2004-2009
Dated: 24th November, 2008
To
All Regional Authorities
All Commissioners of Customs
Exporting Community
Subject:-Review of Advance Authorization cases issued under Policy
Circular No.9 dated30.6.2003 for fulfillment of export obligation – regarding.
- Attention is invited to Policy Circular No.9 dated 30.6.2003 as amended
from time to time, wherein import of approved and unapproved drugs under the
Advance Licensing Scheme (now renamed Advance Authorization Scheme) has been
allowed without Registration procedure, subject to pre-import condition and
fulfillment of Export Obligation within a period of six months from the date
of import of first consignment.
- The validity of Advance Authorization as per para 2.12(v) of HBP v.1.
2004-2009 is 24 months, which can be further revalidated for six months from
the date of expiry in terms of para 4.23 of HBP v.1. The maximum period for
fulfilling EO in Advance Authorization issued under Policy Circular No.9
dated 30.6.2003, will be 6 months from the dated of 1st import. It would be
evident from this that even if import is effected at the end of 30th month,
EOP would expire at the end of 36 months from the date of issuance of the
Advance Authorization and the case would be required to be monitored from
E.O. angle at the end of 36 months. However, it has been noticed that E.O.
monitoring is not being done by some of Regional Authorities in all such
cases of Authorizations issued under Policy Circular No.9 dated 30.6.2003.
- With a view to strictly monitor export obligation in all such cases in
time, RAs must ensure that appropriate action is initiated immediately after
completion of the maximum allowable time period of 36 months from the date
of issue of Advance Authorization under Policy Circular No.9 dated
30.6.2003.
This issues with the approval of DGFT.
(Tapan Mazumder)
Joint Director General of Foreign Trade
e-mail: [email protected]
(Issued from F.No.01/94/180/556/AM09/PC-4)
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