Amendments in Foreign Trade Policy 2015-20 -reg - 34/2015-2020 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Notification No. 34/2015-2020 New Delhi, Dated: 18 th October, 2017 Subject: Amendments in Foreign Trade Policy 2015-20 -reg S.O. 3391 (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 Chturvedi) Director General of Foreign Trade (Issued from F.No.01/94/180/204/AM18/PC4)