Amendment in paragraph 4.21 and 4.23 on enhancement in CIF / FOB values and revalidation of advance authorisations

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..... Udyog Bhawan, New Delhi-110011 Public Notice No. 14/(RE-2010)/2009-14 Dated: 2nd Novem ber, 2010 Subject: Amendment in paragraph 4.21 and 4.23 on enhancement in CIF / FOB values and revalidation of advance authorisations. In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014 , the following amendments are being made in the Handbook of .....

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..... d prior to 27.8.2009 under the FTP, 2004-09 , the following conditions shall apply for any enhancement in the value of the authorisation: (i) Wherever exports are on or subsequent to 27.8.09, enhancement in CIF / FOB values shall be subject to a minimum value addition (VA) of 15% or the value addition prescribed in Appendix 11B, whichever is lower, for that component of exports. (ii) Wherever .....

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..... 6 of FTP) or as stipulated in the advance authorization, whichever is higher. Amended sub-paragraph: "In case of revalidation of advance authorization issued prior to 27.8.2009, it should be ensured that value addition (VA) is maintained at 15% (and as per details mentioned in para 4.1.6 of FTP) or as stipulated in the advance authorization, whichever is higher. However, for advance authorisat .....

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