Amendment in Para 4.14 and 4.16 (ii) of the Foreign Trade Policy 2015-20

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..... 16 (ii) of the Foreign Trade Policy 2015-20. S.O.(E): - In exercise of the powers conferred by Section 5 of FT(D&R) Act, 1992, read with Paragraph 1.02 of the Foreign Trade Policy (FTP), 2015-20, as amended from time to time, the Central Government hereby makes the following amendment in Para 4.14 and 4.16 (ii) of Chapter 4 of Foreign Trade Policy 2015-20. 2. Existing para 4.14 of FTP 2015-20:- .....

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..... the notification issued by Department of Revenue, and such imports shall be subject to pre-import condition. Imports against Advance Authorisations for physical exports are exempted from Integrated Tax and Compensation Cess upto 01.10.2018 only. 3. The amended Para 4.14 of FTP 2015-20:- 4.14 Details of Duties exempted Imports under Advance Authorisation are exempted from payment of Basic Cust .....

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..... e table contained in Notification no. 48/2017-Central Tax dated 18.10.2017 issued by Department of Revenue. Imports against Advance Authorisations are exempted from Integrated Tax and Compensation Cess upto 31.03.2019 only. 4. In Para 4.16 (ii), reference to jurisdictional customs authority is deleted. Effect of this Notification: Para 4.14 of FTP 2015-20 is amended to remove pre-import conditio .....

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