Amendment in Para 1.05(b) of Foreign Trade Policy 2015-2020

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..... Para 1.05(b) of Foreign Trade Policy 2015-2020. S.O. 1756 (E): In exercise of powers conferred by Section 3 of FT (D R) Act, 1992 , read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time ot time, the Central Government hereby amends the provision in Para 1.05 (b) of the Foreign Trade Policy (2015-20) on Transitional Arrangements as under: .....

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..... t shall have to register the Letter of Credit with jurisdictional Regional Authority (RA) against computerized receipt, within 15 days of the imposition of any such restriction or regulation. (b) Item wise Import/Export Policy is delineated in the ITC (HS) Schedule I and Schedule Il respectively. The importability/ exportability of a particular item is governed by the policy as on t .....

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..... to the balance quantity, value and period available in the ICLC. For operationalising such ICLC, the applicant shall have to register the ICLC with jurisdictional RA against computerized receipt within 15 days of imposition of any such restriction/regulation. Whenever, Government brings out a policy change of a particular item, the change will be applicable prospectively (from the date of N .....

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