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TMI BlogAmendement in FTP 2015-20X X X X Extracts X X X X X X X X Extracts X X X X ..... shall read as under:- 1.07. Separate applications from EDI and Non EDI ports . 2. Amendment in paragraph 2.47(A)(i) and (B)(i) Amended paragraph 2.47(A)(i) shall read as under:- (A) R D Equipment for Pharmaceuticals and Bio-technology Sector (i) Duty free import of goods (as specified in list 28 of Customs notification No.21/2012 dated 17.3.2012, as amended from time to time) upto 25% of FOB value of exports during preceding licensing year, shall be allowed. Amended paragraph 2.47(B)(i) shall read as under:- (B) Agro-Chemicals Sector (i) Duty free imports of goods as specified in list 28A of Customs notification No. 21/2012 dated 17.3.2012, upto 1% of FOB value of exports made during pre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ases already considered by PRC shall not be re-examined by RA under Para 4.38 of HBP for the purpose of clubbing. Applicant shall declare that he has not included any Advance Authorisation in respect of which request for clubbing has been considered earlier by PRC. (ii) Request for clubbing shall be made in ANF - 4C to the concerned RA who has issued the Authorisations. (iii) Clubbing of authorisations covered under Appendix 4 J and authorisations with EOP less than 18 months shall not be allowed. (iv) Facility of clubbing of Advance Authorisations shall be available only for redemption / regularisation of such authorisations and no further import or export shall be allowed. (v) Facility of clubbing shall not be avail ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from the date of issue of earliest authorisation but upto 42 months. For the exports effected after 42nd month till 48th month from the date of earliest Authorisation, the composition fee will be @ 0.5% per month of FOB value of exports made. (b) Where Authorisations are issued with initial obligation period of 18 months and last date of shipment is within 30 months: In such cases, exports made upto 30 months from the date of issuance of earliest authorization only will be taken into consideration for clubbing. Accounting of exports shall be subject to payment of a composition fee @ 0.5% of FOB value of exports made after 18 months from the date of earliest authorisation but upto 24 months. For the exports effected after 24th mon ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (EO) Period and its Extension (a) Period of EO fulfilment under an Advance Authorisation shall commence from date of issue of Authorisation, unless otherwise specified. The period of EO fulfilment is given in paragraph 4.22 of FTP . (b) Regional Authority may consider a request of Advance Authorisation holder for one extension of EO period upto six months from the date of expiry of EO period subject to payment of composition fee of 0.5% of the shortfall in EO. Authorisation holder will have to submit a self declaration to RA stating that unutilised imported/domestically procured inputs are available with the applicant. (c) Request for further extension of six months after first extension as in (b) above can be considered b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8. Amendment in paragraph 4.85 Amended paragraph 4.85 shall read as under:- 4.85 Exports against Advance Authorisation (a) Procedure applicable to Advance Authorisations under Chapter 4 of Hand Book of Procedures shall generally apply to this scheme except norms for value addition, EO period and regularization of default. Value addition for Gems and Jewellery items shall be as per paragraph 4.61 of this Handbook of Procedures. (b) EO will be required to be fulfilled within 120 days from date of import of each consignment against Authorisation. However EO period shall be 180 days from date of import of findings, mountings made of gold, platinum and silver and export of jewellery. No further extension in EO pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... working days) vii Acceptance of BG/LUT 3 xv Schemes of Chapter 3 3 Effect of this Public Notice: Amendments to the Handbook of Procedures of FTP 2015-2020 , are hereby notified which shall be deemed to have come into effect from 1st April, 2015. (Pravir Kumar) Director General of Foreign Trade [Issued from File No.01/94/180/333/AM15/PC4] ----------------------------- * Paragraphs 4.38(viii)(b) (c) corrected w.e.f. 1st April, 2015 vide Public Notice No. 20 /2015-2020 dt. 9th June, 2015 * paragraph 4.42 (c) corrected w.e.f. 1st April, 2015 vide Public Notice No. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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