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Government of India
Ministry of Commerce & Industry
Department of
Commerce
Directorate General of Foreign Trade
Notification No.
34/2015-2020
New Delhi, Dated: 18th October, 2017
Subject: Amendments in Foreign Trade Policy 2015-20 -reg
S.O. (E): In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992,
read with paragraph 1.02 of the Foreign Trade Policy, 2015-2020. as amended from
time to time, the Central Government hereby makes following amendments in
Foreign Trade Policy 2015-20.
1. Existing Para 4.41(iii) reads as under:
Four Star Export House from Gems & Jewellery sector and Five Star Export
House from any sector may be recognized as Nominated Agency by Regional
Authority.
2. Para 4.41(iii) is amended to read as under:
Notwithstanding any provision relating to import of gold by Nominated
Agencies under Foreign Trade Policy (2015-2020), the import of gold by Four Star
and Five Star Houses with Nominated Agency Certificate is subjected to actual
user condition and are permitted to import gold as input only for the purpose of
manufacture and export by themselves during the remaining validity period of the
Nominated Agency certificate.
Effect of this Notification: Henceforth no Nominated Agency Certificate shall
be issued/ renewed for Four Star Export House and Five Star Export House status
holders. Import of gold by Four Star and Five Star Houses with existing
Nominated Agency Certificate is subjected to Actual user condition and are
permitted to import gold as input only for the purpose of manufacture and export
by themselves during the remaining validity period of the Nominated Agency
certificate.
(Alok Vardhan Chaturvedi)
Director General of Foreign Trade
(Issued
from F.No.01/94/180/204/AM18/PC4)
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