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Government of India
Ministry of Commerce & Industry
Department of
Commerce
Udyog Bhawan, New Delhi
Notification No: 23/2015-2020
New Delhi, the 23rd August, 2017
Subject: Amendment in Para 3.24 (j) of Chapter-3 of FTP 2015-2020.
S.O.(E) – In exercise of the powers conferred by Section 5 of the Foreign
Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign
Trade Policy, 2015-2020, the Central Government hereby makes the following
amendments in the Foreign Trade Policy 2015-2020 with immediate effect:
Existing Para 3.24 (j) of Chapter-3 of FTP 2015-2020:
“Status holders shall be entitled to export freely exportable items on free
of cost basis for export promotion subject to an annual limit of ₹ 10 lakh or 2%
of average annual export realization during preceding three licensing years,
whichever is lower”.
Amended Para 3.24 (j) of Chapter-3 of FTP 2015-2020:
“Status holders shall be entitled to export freely exportable items
(excluding Gems and Jewellery, Articles of Gold and precious metals) on free of
cost basis for export promotion subject to an annual limit of Rupees One Crore
or 2% of average annual export realization during preceding three licensing
years, whichever is lower. For export of pharma products by pharmaceutical
companies, the annual limit would be 2% of the average annual export realization
during preceding three licensing years. In case of supplies of pharmaceutical
products, vaccines and lifesaving drugs to health programmes of international
agencies such as UN, WHO-PAHO and Government health programmes. the annual limit
shall be up to 8% of the average annual export realization during preceding
three licensing years. Such free of cost supplies shall not be entitled to Duty
Drawback or any other export incentive under any export promotion scheme.”
Effect of this Notification: Entitlement to export freely exportable items on
free of cost basis by Status Holders has been revised.
(Alok Vardhan Chaturvedi)
Director General of Foreign Trade
[Issued
from File No. 01/61/180/59/AM16/PC3]
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