Applicability of Notification No. 71/2023 dated 11.03.2024 - DGFT - Trade Notice No. 03/2024

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Policy - 4 Division Dated: 10th May 2024 Trade Notice No. 03/2024 To, All Custom Authorities All Regional Authorities of DGFT All Exporters/Members of Trade All EPCs/FIEO Subject: Applicability of Notification No. 71/2023 dated 11.03.2024 -reg This Directorate is in receipt of various representations regarding applicability of provisions of Notification No. 69/2023 dated 07.03.2024 , subsequently superseded by Notification No 71/2023 dated 11.03.2024 , for Advance Authorizations issued prior to the date of the aforesaid notification. 2. In this regard, it is clarified as under: i. The provisions of Notification No. 71/2023 dated 11.03.2024 are not applicable retrospectively. The AA issued before 11.03.2024 will be governed by the provisions as existed at the time of issuance of those AA. ii. Facility for amendment to incorporate QCO exemption on such AA already issued before 11.03.2024, is not available. iii. The facility of clubbing of Advance Authorizations issued under the provisions of Notification No. 71/2023 dated 11.03.2024 with Advance Authorizations issued before the date of the aforesaid notification shall not be available. 3. This Trade Notice is issued with the approval of the Competent Authority. (K.M. Harilal) Jt. Director General of Foreign Trade DGFT Hqrs Email: [email protected] [Issued from File No. 01/94/ 180/001/AM25/PC-4]