Executive Summary:
This Public Notice amends paragraph 4.47aii of the Handbook of Procedures 2015-2020, concerning the revalidation of Advance Authorizations with bond waivers. The amendment is effective for Advance Authorizations issued during the Foreign Trade Policy period of 2015-2020. It revises the conditions under which Regional Authorities can revalidate authorizations.
Key Points / Main Content:
Amendment Overview:
* Amends Para 4.47aii of the Handbook of Procedures 2015-2020.
Revised Revalidation Conditions:
* Regional Authority may revalidate Authorization for six months from the endorsement date.
* Revalidation allows replenishment of inputs used in manufacturing export items.
* Applicant must request revalidation via ANF 4D and pay the fee.
* Bond waiver is allowed for exports made first before effecting imports on a prorata basis
* Revalidation is not available if already obtained under Para 4.41a of HBP 2015-20.
Impact Analysis:
Regional Authority:
* Impact: Must adhere to the revised conditions for revalidating Advance Authorizations with bond waivers.
* Action Required: Implement the amended guidelines when processing revalidation requests.
Applicants for Advance Authorizations:
* Impact: Subject to new conditions for revalidation, including the requirement for exports made first before effecting imports on a prorata basis and ineligibility if revalidation was previously obtained under Para 4.41a of HBP 2015-20.
* Action Required: Follow the new procedure, use ANF 4D for revalidation requests, and ensure compliance with all updated requirements.
Key Entities Referenced
Foreign Trade Policy 2015-20: A policy document governing foreign trade, referred to in the context of amendments and authorization validity.
Directorate General of Foreign Trade: The organization responsible for making amendments to the Handbook of Procedures and issuing public notices related to foreign trade policy.
Handbook of Procedures 2015-20: A document containing procedures related to the Foreign Trade Policy, which is being amended by the public notice.
Advance Authorizations: A scheme related to foreign trade, and the public notice discusses revalidation of these authorizations.
New Delhi: Location where the public notice was issued.
ANF 4D: A specific form (ANF 4D) mentioned in the revised para 4.47aii that applicant needs to fill for specific request.
Anup Wadhawan: The Director General of Foreign Trade who signed the public notice.
Ministry of Commerce and Industry: The Government ministry to which the Directorate General of Foreign Trade is attached.
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2903 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
PUBLIC NOTICE
New Delhi, the 8th June, 2016
No. 17/2015-2020
Subject- Amendment in Para 4.47(a)(ii) of Hand Book of Procedures 2015-20 for allowing revalidation
of Advance Authorizations along with Bond waiver.
F. No. 01/94/180/146/AM16/PC-4.—In exercise of powers conferred under Para 1.03 of the Foreign
Trade Policy, 2015-20, as amended from time to time, the Director General of Foreign Trade hereby makes
the following amendments in paragraph 4.47(a)(ii) of Handbook of Procedures 2015-20 which will be
effective for Advance Authorizations issued during Foreign Trade Policy period 2015-20:—
Existing Para 4.47(a)(ii):
While allowing waiver of Bond, Regional Authority may revalidate the Authorisation in continuation for
further six month from the date of endorsement provided applicant has made a specific request and paid
requisite fee for revalidation.
Revised Para 4.47(a)(ii):
While allowing waiver of Bond for exports made first (before effecting imports) on pro-rata basis,
Regional Authority may revalidate the Authorization in continuation for further six months for
replenishment of inputs used in manufacture of export item/s from the date of endorsement provided
applicant has made a specific request in ANF 4D and paid requisite fee for revalidation. It will be
further subject to condition that the applicant had not obtained revalidation earlier in terms of
Para 4.41(a) of HBP 2015-20.
Effect of Public Notice:
Revalidation under Para 4.47(a) (ii) of HBP 2015-20 shall not be available if revalidation has already been
obtained under Para 4.41(a) of HBP 2015-20.
ANUP WADHAWAN, Director General of Foreign Trade
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.