**Executive Summary:**
This Public Notice, issued by the Director General of Foreign Trade, amends paragraph 3.13 of the Handbook of Procedures 2015-2020 regarding the validity period of Duty Credit Scrips. The amendment extends the validity period from 18 months to 24 months for scrips issued on or after January 1, 2016, under Chapter 3 of the Foreign Trade Policy 2015-2020. Revalidation of Duty Credit Scrips is not permitted unless covered under paragraph 2.20c of HBP.
**Key Points / Main Content:**
* **Amendment Overview:**
* Paragraph 3.13 of the Handbook of Procedures 2015-2020 is amended.
* **Validity Period Extension:**
* Duty Credit Scrips issued on or after 01.01.2016 under Chapter 3 of the Foreign Trade Policy will be valid for 24 months from the date of issue.
* The scrip must be valid on the date the actual duty is debited.
* The previous validity period was 18 months.
* **Revalidation Policy:**
* Revalidation of Duty Credit Scrips is not permitted unless covered under paragraph 2.20c of the Handbook of Procedures.
**Impact Analysis:**
* **Exporters and Importers using Duty Credit Scrips:**
* *Impact:* Benefit from an extended validity period of Duty Credit Scrips, providing more flexibility in utilizing the scrips for duty payments.
* *Action Required:* Take note of the new validity period of 24 months for scrips issued on or after January 1, 2016, and ensure scrips are utilized within this timeframe.
Key Entities Referenced
Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and commerce.
Department of Commerce: A department within the Ministry of Commerce and Industry.
New Delhi: The location where the Public Notice was issued.
Foreign Trade Policy 2015-2020: The foreign trade policy in effect from 2015 to 2020, referenced in the notice.
Director General of Foreign Trade: The entity authorized to make amendments to the Handbook of Procedures, headed by Alok Vardhan Chaturvedi.
Handbook of Procedures 2015-2020: A document providing detailed procedures related to the Foreign Trade Policy 2015-2020, which is being amended by this notice.
Duty Credit Scrip: A document that is valid for a period of time, which is modified from 18 to 24 months.
Alok Vardhan Chaturvedi: The Director General of Foreign Trade who issued the public notice.
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6354 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
PUBLIC NOTICE
New Delhi, the 23rd October, 2017
No. 33/2015—2020
F. No. 01/61/180/28/AM18/PC-3.—In exercise of powers conferred under Paragraph 2.04 of FTP
2015-2020, the Director General of Foreign Trade hereby makes the following amendment in the para 3.13 of
the Handbook of Procedures (2015-2020).
2. The existing para 3.13 of HBP (2015-2020) reads as under:—
Duty Credit Scrip shall be valid for a period of 18 months from the date of issue and must be valid on the
date on which actual debit of duty is made. Revalidation of Duty Credit Scrip shall not be permitted
unless covered under paragraph 2.20(c) of HBP.
3. The amended para 3.13 of HBP (2015-2020) is substituted to read as under:—
Duty Credit Scrip issued on and after 01.01.2016 under chapter 3 shall be valid for a period of 24 months
from the date of issue and must be valid on the date on which actual debit of duty is made. Revalidation of
Duty Credit Scrip shall not be permitted unless covered under paragraph 2.20(c) of HBP.
4. Effect of this Public Notice:
The validity period of duty credit scrips issued under chapter 3 of Foreign Trade policy is being increased
from 18 to 24 months for scrips issued with effect from 01.01.2016.
ALOK VARDHAN CHATURVEDI, 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.