Amendment in Para 3.24 (j) of Chapter-3 of FTP 2015-2020 - 09/2015-2020 - Foreign Trade Policy

To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (II) Government of India Ministry of Commerce Industry Department of Commerce Udyog Bhawan, New Delhi Notification No: 9 /2015-2020 New Delhi, the 4 th June 2015 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 (FTP) 2015-2020 with immediate effect: Amendment in Para 3.24 (j) of Chapter 3 of FTP 2015-2020 Amended Para 3.24 (j) of Chapter-3 of FTP 2015-2020 shall read as under: 3.24 Privileges of Status Holders : (j) 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 realisation during preceding three licensing years, whichever is lower . Effect of this Notification: Entitlement of Status Holders to export freely exportable items on free of cost basis has been limited with immediate effect. (Pravir Kumar ) Director General of Foreign Trade E-mail: [email protected] ( Issued from File No. 01/61/180/59/AM16/PC-3)