Value Addition under Advance Authorization Scheme for the authorization issued prior to 27.08.2009-reg - DGFT - 15/2009-14

Value Addition under Advance Authorization Scheme for the authorization issued prior to 27.08.2009-reg TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-I, SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE No. 15/2009-14 NEW DELHI : the 27th October, 2009 In exercise of powers conferred under Para 2.4 of the Foreign Trade Policy, 2009-14 , the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedures (Vol.1), 2009-14 :- 1. At the end of paragraph 4.21, the following clause shall be added: "However, in case of advance authorisations issued prior to 27.8.09 under the FTP, 2004-09, the following conditions shall apply for any enhancement in the value of the authorisation: (i) Wherever, exports are subsequent to 27.8.09, enhancement in CIF/FOB values shall be subject to a minimum value addition (VA) of 15% for that component of exports. (ii) Wherever, the exports are prior to 27.8.09, enhancement of CIF/ FOB value shall be subject to a minimum Value addition of 15% or the V.A. declared in the original Advance Authorization application, whichever is lower. This issues in public interest. Sd/- (R.S. Gujral) Director General of Foreign Trade and Ex Officio Additional Secretary to the Government of India (F.No. 01/94/180/FTP/09-10/AA/AM10/PC-4)