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Date: 2015-06-05 Category: Extra Ordinary State: Union Government Country: India

Amendment in paragraph 2.55 and 2.56 of Handbook of Procedures of FTP, 2015-20 as notified by Public Notice No.12-2015-2020, dated 18.5.2015-Pre-Shipment Inspection Agency (PSIA).

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

**Executive Summary:** This public notice amends the Foreign Trade Policy 2015-2020, specifically regarding Pre-Shipment Inspection Agencies (PSIAs). It extends the deadline for existing PSIAs to update their details and for new applicants to apply for recognition. It also allows applicants to initially submit applications without a bank guarantee, provided they submit one before being officially notified as a PSIA. **Key Points / Main Content:** **Application Updates and Deadlines:** * Existing PSIAs as of 01.04.2015 must file fresh applications in ANF 2L format by June 18, 2015, to update office details and expand operational areas. * New applicants seeking PSIA recognition from 01.07.2015 can apply by June 18, 2015, using ANF 2L format. * Applications received after June 18, 2015, will be considered after July 2015. **Bank Guarantee Requirement:** * Applicants can initially submit applications without a bank guarantee. * However, a bank guarantee or equivalent financial instrument must be submitted before being notified as a PSIA, as per FTPHBP 2015-20. **Impact Analysis:** **Existing PSIAs:** * Impact: Need to update details of offices, branches, authorized representatives, and areas of operation. * Action Required: File a fresh application in ANF 2L format by June 18, 2015. **New PSIA Applicants:** * Impact: Opportunity to apply for PSIA recognition effective 01.07.2015. * Action Required: Apply in ANF 2L format by June 18, 2015. **All PSIA Applicants (Existing and New):** * Impact: Can initially apply without a bank guarantee but must provide it before official notification as a PSIA. * Action Required: Submit a bank guarantee or equivalent financial instrument before being officially notified as a PSIA.

Key Entities Referenced

Directorate General of Foreign Trade: The issuing authority for the public notice, responsible for foreign trade policy. New Delhi, Delhi: Location where the public notice was issued. Foreign Trade Policy 2015-2020: The trade policy being amended by this public notice. Public Notice No. 12/2015-2020: The specific public notice being amended. Pre-Shipment Inspection Agency (PSIA): Agencies that conduct pre-shipment inspections, the subject of this notice. Handbook of Procedures of FTP, 2015-2020: A document related to the Foreign Trade Policy, being amended. ANF 2L: Application form related to PSIA recognition. Pravir Kumar: Director General of Foreign Trade
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F. No. 01/53/162/Misc/PSIA/AM15/S-5/IC.—In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy, 2015-20, the Directorate General of Foreign Trade hereby makes the following amendments in the Public Notice No.12/2015-2020, dated 18.5.2015: 1. Amendment in paragraph 4 of Public Notice No.12/2015-2020 dated 18th May, 2015 Amended paragraph 4 shall read as under:— 4. The existing PSIAs (as on 01.04.2015) will have to file fresh applications in ANF 2L (new format) latest by 18th June, 2015 for updation of details of their offices/branches/authorised representatives in various countries etc. and expansion of their areas of operation, if they so desire, as per the above mentioned procedure laid down in revised paragraph 2.55 of HBP of FTP 2015-20.Applications received after 18th June, 2015shall be taken up for consideration after July, 2015. 2. Amendment in paragraph 5 of Public Notice No.12/2015-2020 dated 18th May, 2015¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3 Amended paragraph 5 shall read as under:— 5. New applicants who desire to be recognised as Pre-shipment Inspection Agencies (PSIAs) (w.e.f. 01.07.2015) may also apply by 18th June, 2015 in proforma prescribed in ANF 2L (new format) as per the above mentioned procedure laid down in revised paragraph 2.55 of HBP of FTP 2015-20. Applications received after 18th June, 2015shall be taken up for consideration after July, 2015. 3. The following paragraph 7 is inserted in the Public Notice No.12/2015-2020 dated 18th May, 2015: 7. The applicants may submit their applications initially without bank guarantee, as required under S.No.9 of ANF-2L. Their applications would not be rejected only on the ground of non- submission of bank guarantee. Applicants would, however, be required to submit bank guarantee or an equivalent financial instrument, before they are notified as PSIA, by the competent authority, as per FTP/HBP 2015-20. Effect of this Public Notice The last date for submitting the applications for entitlement as PSIA has been extended. Applicants can, for the time being, submit applications initially without bank guarantee. However, they shall be required to submit bank guarantee or an equivalent financial instrument before they are notified as PSIA. PRAVIR KUMAR, Director General of Foreign Trade Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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