Amendment in Para 3.24 (j) of Chapter-3 of FTP 2015-2020.

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..... f Chapter-3 of FTP 2015-2020. S.O.(E): In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy, 2015-2020 , the Central Government hereby makes the following amendments in the Foreign Trade Policy 2015-2020 with immediate effect: 2. Existing Para 3.24(j) of the FTP 2015-20 .....

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..... h free of cost supplies shall not be entitled to Duty Drawback or any other export incentive under any export promotion scheme. 3. Amended Para 3.24(j) of the FTP 2015-20 Status holders shall be entitled to export freely exportable items (excluding Gems and Jewellery, Articles of Gold and precious metals) on free of cost basis for export promotion subject to an annual limit as below: .....

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..... ing years. The free of cost supplies made under provisions of Para 3.24(j) shall not be entitled to Duty Drawback or any other export incentive under any export promotion scheme. Effect of this Notification: The limit of Rs One Crore per year for exports on free of cost exports basis for export promotion for Status Holders is removed and is made 2% of average annual export realization du .....

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