Home India Ministry of Commerce and Industry In exercise of powers conferred under Paragraph 1 03 of the ...
Date: 2018-01-25 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under Paragraph 1 03 of the Foreign Trade Polic

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

This public notice, numbered 57/2015-2020 and issued on January 25, 2018, by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, announces amendments to Appendix 4J of the Hand Book of Procedures 2015-2020. The amendments, enacted under the powers conferred by Paragraph 1.03 of the Foreign Trade Policy 2015-2020, pertain to Serial No. 10 of Appendix 4J. The existing entry is revised to specify that import items allowed under notified Standard Input-Output Norms (SION) prior to fixation of norms by the Norms Committee (NC) for export of all items covered under Chapter 7 and Chapter 15 of ITCHS Classification have an Export Obligation Period with pre-import condition of 90 days from the date of clearance of each import consignment by Customs Authority. The notice was issued by Alok Vardhan Chaturvedi, Director General of Foreign Trade. The file number for reference is F. No. 01/94/180/115/AM17/PC-4.

Key Entities Referenced

Directorate General of Foreign Trade: A department under the Ministry of Commerce and Industry responsible for implementing foreign trade policy. Foreign Trade Policy 2015-2020: A government policy document outlining guidelines and regulations for import and export activities. Hand Book of Procedures 2015-2020: A supplementary document to the Foreign Trade Policy, providing detailed procedures for import and export. Appendix 4J: A specific appendix within the Hand Book of Procedures 2015-2020, subject to amendments in the public notice. Alok Vardhan Chaturvedi: Director General of Foreign Trade, the signatory of the public notice. New Delhi: The city where the notification was issued. Ministry of Commerce and Industry: The government ministry overseeing foreign trade and related policies. Customs Authority: The authority responsible for clearing import consignments and enforcing customs regulations.
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