Amendments to Para 4415 of FTP2023

## Report on Amendment to Foreign Trade Policy 2023 (FTP2023) **1. Executive Summary:** This report analyzes an amendment to Para 4.415 of the Foreign Trade Policy 2023 (FTP2023), as notified by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. The amendment involves a change in the name of an agency listed in the policy. This change aims to update the official record and ensure accuracy within the FTP2023. The report details the specific alteration, its likely rationale, and the implied effect for stakeholders utilizing the FTP2023. **2. Introduction:** This report provides an analysis of a notification issued by the Directorate General of Foreign Trade (DGFT), specifically addressing an amendment to Para 4.415 of the Foreign Trade Policy 2023 (FTP2023). The analysis is based solely on the provided policy text. **3. Policy Overview:** * **Original Policy:** Foreign Trade Policy 2023 (FTP2023). * **Core Objective(s):** While the broader objectives of FTP2023 are not explicitly stated in the provided text, the amendment suggests that maintaining accurate and up-to-date information regarding agencies involved in foreign trade is a related objective. **4. Background and Rationale:** The amendment appears to be a correction or update to the name of an agency listed in Para 4.415 of the FTP2023. The original name, "International Gemmological Institute India Pvt. Ltd., Bandra Kurla Complex, Mumbai," is being changed to "International Gemmological Institute India Limited, Bandra Kurla Complex, Mumbai." The most likely reason is that the original listing contained an error (e.g., incorrect company legal designation) that needed to be rectified to maintain accurate records. **5. Key Provisions / Changes:** This section details the specific change introduced by the provided amendment text. * **Specific Part of Original Policy Changed:** Para 4.415 of the FTP2023. * **New Rule/Provision:** The name of the agency listed at S.No. 5 of Para 4.415 is changed from "International Gemmological Institute India Pvt. Ltd., Bandra Kurla Complex, Mumbai" to "International Gemmological Institute India Limited, Bandra Kurla Complex, Mumbai". The change is also reflected in Hindi. * **Difference/Effect of Change:** The effect of this change is to update the official name of the agency within the FTP2023. This ensures that all references to this agency in the context of the policy are accurate. The change is purely administrative, updating the agency's designation from Private Limited to Limited. **6. Target Audience and Stakeholders:** The target audience and stakeholders directly affected by this amendment include: * **International Gemmological Institute India Limited:** The organization whose name has been amended. * **Exporters and Importers:** Companies or individuals who interact with or rely on the International Gemmological Institute India Limited for services covered under the FTP2023. * **DGFT and other Government Agencies:** Involved in administering and implementing the FTP2023. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Directorate General of Foreign Trade (DGFT) is responsible for issuing and implementing this amendment. * **Timelines or Procedures:** The amendment takes effect immediately ("with immediate effect"), implying that affected parties should update their records and procedures accordingly. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of this amendment is to ensure accurate and consistent information within the FTP2023. The potential impact of the amendment itself is primarily administrative, ensuring clarity and preventing potential confusion or legal challenges arising from the incorrect name. **9. Conclusion:** The amendment to Para 4.415 of FTP2023 represents a minor but important update to maintain the accuracy of the policy. While the change is specific to the name of one listed agency, it underscores the importance of precise record-keeping in foreign trade regulations. The immediate effect of the amendment necessitates that affected parties acknowledge and incorporate the updated name in their relevant documentation and procedures.

Key Entities Referenced