Home India Ministry of Commerce and Industry Amendments in Para 4.36 of the Handbook of Procedures, 2023....
Date: 2024-02-12 Category: Not Applicable State: Union Government Country: India

Amendments in Para 4.36 of the Handbook of Procedures, 2023.

Issued by Ministry of Commerce and Industry · Directorate General Of Foreign Trade

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Executive Summary & Key Takeaways

**Summary:** Public Notice No. 40/2023, dated February 12, 2024, issued by the Director General of Foreign Trade, Ministry of Commerce and Industry, amends Paragraph 4.36 of the Handbook of Procedures 2023 concerning the Advance Authorisation Scheme. The amendment extends the timeframe for clubbing authorisations from 18 months to 24 months from the date of issue of the earliest authorisation sought to be clubbed, irrespective of their validity. Imports made within 30 months from the date of the earliest authorisation will be considered for clubbing; imports beyond this period will be regularized under Para 4.49 of the HBP. Furthermore, only exports made within 48 months from the date of the earliest authorisation will be considered for clubbing. The objective of this amendment is to ease the clubbing provisions under the Advance Authorisation Scheme and promote ease of doing business. The notification is issued under the powers conferred by Paragraphs 1.03 and 2.04 of the Foreign Trade Policy, 2023. For further information, contact the Director General of Foreign Trade at dgft@nic.in. The notification originates from File No. 01/94/180/046/AM24/PC4.

Key Entities Referenced

Directorate General of Foreign Trade: A department under the Ministry of Commerce and Industry, responsible for implementing the Foreign Trade Policy. Foreign Trade Policy, 2023: A set of guidelines and objectives for promoting and regulating India's foreign trade. Handbook of Procedures, 2023: A document providing detailed procedures and guidelines related to the Foreign Trade Policy. Para 4.36: A specific paragraph within the Handbook of Procedures 2023, concerning the clubbing of authorizations. Para 4.49 of the HBP: A specific paragraph within the Handbook of Procedures, related to regularization of imports. Vanijya Bhawan, New Delhi: The location of the Directorate General of Foreign Trade office in New Delhi, Delhi. Santosh Kumar Sarangi: The Director General of Foreign Trade and Ex-officio Additional Secretary to the Government of India. Advance Authorization Scheme: A scheme to allow duty free import of inputs, which are physically incorporated in export product
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(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I SECTION-I) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Public Notice No. 40/2023 Dated: 12" February, 2024 Subject: Amendments in Para 4.36 of the Handbook of Procedures, 2023. In exercise of powers conferred under Paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2023, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendment in the provision of Para 4.36 of the Handbook of Procedures 2023: Existing para 4.36 Amended para 4.36 (vi) Only such authorisations shall be (vi) Only such authorisations shall be clubbed which have been issued within 18 clubbed which have been issued within 24 months from the date of issue of earliest months from the date of issue of earliest authorisation that is sought to be clubbed, authorisation that is sought to be clubbed, whether such authorisations are valid or whether such authorisations are valid or not. This is further subject to condition that not. This is further subject to condition upon clubbing only imports made within 30 that upon clubbing only imports made months from the date of issue of earliest within 30 months from the date of issue of authorisation shall be considered. Any earliest authorisation shall be considered. imports made beyond 30 months of earliest Any imports made beyond 30 months of authorisation shall be regularized under earliest authorisation shall be regularized Para 4.49 of the HBP. under Para 4.49 of the HBP. This is further subject to condition that upon clubbing only exports made within 48 months from the date of issue of earliest authorisation shall be considered. Any exports made beyond 48 months of earliest authorisation shall not be acceptable for clubbing. Effect of the Public Notice: Para 4.36 of the Handbook of Procedures 2023 has been amended, to ease the clubbing provisions in respect of Advance Authorization Scheme, for ease of doing business. (Santosh Kumar Sarangi) Director General of Foreign Trade Ex-officio Addl. Secretary to the Government of India E-mail: dgft@nic.in (Issued from File No. 01/94/180/046/AM24/PC-4)

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