Amendment in Para 2.39 of the Foreign Trade Policy, 2023 - 62/2023 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Notification No. 62/2023 New Delhi, Dated : 29 th February, 2024 Subject: Amendment in Para 2.39 of the Foreign Trade Policy, 2023 - reg. S.O. 969 (E): - In exercise of powers conferred by Section 5 of Foreign Trade (Development Regulation) Act, 1992 , read with paragraph 1.02 of the Foreign Trade Policy, 2023 , as amended from time to time, the Central Government hereby amends Para 2.39 of Foreign Trade Policy, 2023 as under: Existing Para Revised Para Merchanting trade involving shipment of goods from one foreign country to another foreign country without touching Indian ports, involving an Indian intermediary is allowed subject to compliance with RBI guidelines, except for goods/items in the CITES and SCOMET list. Merchanting trade involving shipment of goods from one foreign country to another foreign country without touching Indian ports, or shipment of goods within one specific foreign country , involving an Indian intermediary is allowed subject to compliance with RBI guidelines, except for goods in the CITES, or under SCOMET. Effect of the Notification : Merchanting Trade carried out within one specific foreign country is permitted subject to compliance with RBI guidelines, except for goods listed in the CITES Appendices, or under SCOMET. This is issued with the approval of Minister of Commerce Industry. (Santosh Kumar Sarangi) Director General of Foreign Trade Ex-officio Addl. Secretary to Government of India Email: [email protected] (Issued from File No. 01/93/180/40/AM-20/PC-ll [B]/E-23463)