Home India Ministry of Commerce and Industry Amendments in Para 4.44 - Monitoring of Export Obligation - ...
Date: 2020-10-16 Category: Not Applicable State: Union Government Country: India

Amendments in Para 4.44 - Monitoring of Export Obligation - of the Handbook of Procedures 2015-20.

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

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Executive Summary & Key Takeaways

**Summary:** This Public Notice, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, amends Para 4.44 of the Handbook of Procedures 2015-2020 regarding the monitoring of Export Obligations. Specifically, a new para 4.44(g) is inserted to address disruptions caused by COVID-19. As a one-time temporary measure, the date for submission of documents related to Export Obligation (EO) fulfillment is extended to December 31, 2020, for all Advance Authorizations where the Export Obligation period expired or is expiring between February 1, 2020, and October 31, 2020. This extension aims to provide relief to exporters facing difficulties in meeting their obligations due to the pandemic. For further information, contact the Director General of Foreign Trade at dgft@nic.in, referencing File No. 01/94/180/466/AM20/PC4. The effective date of this notice is October 16, 2020.

Key Entities Referenced

Directorate General of Foreign Trade: An organization under the Ministry of Commerce and Industry, Government of India, responsible for implementing the Foreign Trade Policy. Foreign Trade Policy 2015-2020: A policy document outlining the guidelines and objectives for India's foreign trade. Handbook of Procedures 2015-2020: A manual providing detailed procedures and guidelines related to the Foreign Trade Policy 2015-2020. Para 4.44: A specific section within the Handbook of Procedures 2015-2020 that addresses the monitoring of export obligations. Advance Authorisations: An authorization scheme related to export obligations. COVID-19: The Coronavirus Disease 2019 pandemic, which is cited as the reason for the amendment. Amit Yadav: Director General of Foreign Trade, the official who issued the public notice. Ministry of Commerce and Industry: A ministry of the Government of India.
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(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE No.2é /2015-2020 Dated: 16 October 2020 Subject: Amendments in Para 4.44 - Monitoring of Export Obligation - of the Handbook of Procedures 2015-20. In exercise of powers conferred under Paragraph 1.03 of the Foreign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade makes the following amendments in Para 4.44 of Hand Book of Procedures 2015-2020. 2. Anew para 4.44 (g) is inserted as under: - Para 4.44(g): (g) For all Advance Authorisations, where Export Obligation period is expiring/ has expired between 01.02.2020 and 31.10.2020, as a one-time temporary measure, date of submission of documents for EO fulfilment is extended up to 31.12.2020. Effect of this Public Notice: Due to COVID 19, Para 4.44 of Handbook of Procedures 2015-20, on Monitoring of Export Obligation stands amended to allow extension in the date of submission of documents for EO fulfilment up to 31.12.2020 for all Advance authorisations, wherever Export Obligation period is expiring/nhas expired between 01.02.2020 and 31.10.2020. ee \ol\\o\jre re (Amit Yadav) Director General of Foreign Trade Ex-officio Additional Secretary to Government of India e-mail: dgft@nic.in [Issued from File No. 01/94/180/466/AM20/PC-4]

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