Home India Ministry of Commerce and Industry In exercise of powers conferred under paragraph 1 03 of the ...
Date: 2018-12-27 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under paragraph 1 03 of the Foreign Trade Policy, 2015 2020, as amended

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This Public Notice, issued by the Directorate General of Foreign Trade, amends the Handbook of Procedures 2015-2020 regarding the validity and utilization of norms ratified by the Norms Committee (NC) for Advance Authorizations. It extends the validity of ratified norms and allows other applicants to use these norms for repeat authorizations. This notice is effective immediately for all Advance Authorization applicants. Key Points / Main Content: Norm Validity Extension: * Norms ratified by the Norms Committee (NC) on or after April 1, 2015, for Advance Authorizations obtained under paragraph 4.07, are valid until March 31, 2020, or for three years from the date of ratification, whichever is later. Eligibility for Other Applicants: * All applicants of Advance Authorization are eligible to apply for and receive authorizations based on ratified norms available on the DGFT website on a repeat basis during the validity period of these norms. Amendment to Handbook of Procedures 2015-2020: * Amends Para 4.12vi, extending the validity of ratified norms beyond the initial two-year period. Impact Analysis: Applicants of Advance Authorization: * Impact: Can utilize ratified norms available on the DGFT website for repeat authorizations, increasing efficiency and potentially reducing processing time. * Action Required: Review the DGFT website for available ratified norms and apply for authorizations based on these norms as needed.

Key Entities Referenced

Foreign Trade Policy, 2015-2020: A governmental policy related to import and export activities, valid from 2015 to 2020. Mentioned in relation to powers conferred to the Director General of Foreign Trade. Directorate General of Foreign Trade: A government organization responsible for foreign trade regulations and policies. It is issuing the public notice and making amendments to the Hand Book of Procedures. Hand Book of Procedures 2015-2020: A procedural manual related to the Foreign Trade Policy 2015-2020. This notice makes amendments to it. Norms Committee: A committee that ratifies norms for export and import products related to advance authorizations. Advance Authorization: A scheme under the Foreign Trade Policy that allows duty-free import of inputs for export production. New Delhi, Delhi: The city where the public notice was issued by the Directorate General of Foreign Trade. Alok Vardhan Chaturvedi: The Director General of Foreign Trade and Ex-officio Additional Secretary who signed the public notice. Regional Authority: An authority that grants authorization based on adhoc norms
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