Home India Ministry of Commerce and Industry In exercise of powers conferred under paragraph 204 of the F...
Date: 2021-07-13 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under paragraph 204 of the Foreign Trade Policy

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

## Policy Analysis Report: Amendment to Foreign Trade Policy 2015-2020 **1. Executive Summary:** This report analyzes an amendment to the Foreign Trade Policy 2015-2020 (FTP), specifically focusing on changes to Para 2.96 b of the Handbook of Procedures (HBP) and ANF2C. The core purpose of this amendment is to reduce regulatory compliance burden for exporters. Key changes include the deletion of mandatory quarterly return details of exports of different commodities to concerned registering authority (except for status holders to FIEO) and the deletion of the requirement to submit monthly export returns (including NIL returns) to the registering authority. A revised format for ANF2C is also notified. These changes primarily affect exporters registered with relevant authorities under the FTP. **2. Introduction:** This report provides an informative analysis of a specific amendment to the Foreign Trade Policy 2015-2020, based solely on the provided official policy text. The analysis focuses on the changes introduced, their likely rationale, and potential implications for affected stakeholders. **3. Policy Overview:** * This document represents an amendment to the existing Foreign Trade Policy 2015-2020. * **Core Objective:** Based on the text, the core objective of this amendment is to reduce the regulatory compliance burden for exporters ("reducing regulatory compliance burden-reg."). **4. Background and Rationale:** This amendment appears to be designed to alleviate the administrative burden on exporters related to reporting requirements. The removal of the need to submit quarterly and monthly export returns (in most cases) suggests that these requirements were deemed excessive or inefficient. The rationale is to streamline export procedures and make it easier for businesses to comply with trade regulations. **5. Key Provisions / Changes:** This amendment introduces the following key changes to the Foreign Trade Policy 2015-2020 and its associated Handbook of Procedures: * **Deletion of Para 2.96 b of HBP 2015-2020:** This paragraph previously required exporters to furnish quarterly return details of their exports of different commodities to the concerned registering authority. This requirement is now deleted. * **Exception to Deletion:** Status holders still need to send quarterly returns to FIEO in a format specified by FIEO. * **Deletion of S. No 9d of ANF2C:** This section mandated the submission of monthly export returns, including NIL returns, to the Registering authority by the 15th day of the following month. This requirement is now deleted. * **Revised Format for ANF2C:** A revised format for ANF2C (Application Form for Registration Cum Membership Certificate) is notified and annexed to the public notice. This new form likely reflects the changes in reporting requirements. **Difference and Effect:** The removal of the quarterly and monthly reporting obligations significantly reduces the administrative burden on exporters. This simplification could lead to cost savings for exporters and increased efficiency in the export process. The revised ANF2C form likely streamlines the registration process for new exporters. However, the exception for Status holders need to report to FIEO quarterly. **6. Target Audience and Stakeholders:** The primary target audience and stakeholders for this amendment are: * Exporters registered with various registering authorities under the Foreign Trade Policy. * Status Holders * Directorate General of Foreign Trade (DGFT). * Federation of Indian Export Organisations (FIEO) * Registering Authorities (responsible for registering exporters). **7. Implementation Aspects (Inferred):** * **Responsible Agency:** The Directorate General of Foreign Trade (DGFT) is responsible for implementing and overseeing the amended policy. Registering Authorities will need to adjust their procedures to reflect the removal of the reporting requirements. * **Timelines/Procedures:** The amendment is effective from the date of the Public Notice (July 12, 2021). Exporters are no longer required to submit quarterly or monthly returns, as applicable, to the registering authority. They should adhere to the revised ANF2C format for new registrations or updates. **8. Expected Outcomes / Impact of Changes:** The intended outcomes of these amendments are likely to include: * Reduced compliance costs for exporters. * Simplified export procedures. * Increased efficiency in the export process. * Enhanced ease of doing business for exporters. The amendment aims to create a more favorable regulatory environment for exporters, potentially leading to increased export activity. **9. Conclusion:** This amendment to the Foreign Trade Policy 2015-2020 represents a significant step towards reducing regulatory compliance burdens for exporters. By eliminating the requirement to submit frequent export returns and simplifying the ANF2C form, the government aims to streamline export procedures and promote trade. These changes are likely to have a positive impact on the competitiveness of Indian exporters in the global market.

Key Entities Referenced

NEW DELHI: The city where the notification was published. Foreign Trade Policy 2015-2020: A trade policy referenced in the public notice. Director General of Foreign Trade: The issuing authority amending the Handbook of Procedures. Handbook of Procedures, 2015-2020: A document being amended by the public notice. ANF2C: A form related to export and import regulations, which is revised in the notice. FIEO: Federation of Indian Export Organisations. An organisation to which status holders shall send quarterly returns. AMIT YADAV: Director General of Foreign Trade & Ex-officio Addl. Secy. FTDR Act, 1992: Foreign Trade (Development and Regulation) Act, 1992 FTP: Foreign Trade Policy Export Promotion Council: An entity related to export promotion to which the applicant may have applied Mayapuri, New Delhi: Location of the Dte. of Printing at Government of India Press Delhi: Location of the Controller of Publications
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. 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F. No. 01/89/180/37/AM-20/PC II(A)/E-26575.—In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade hereby amends Para 2.96 (b) of Chapter-2 of Handbook of Procedures, 2015-2020 as under:4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] Para No. Particulars Revised Para Exporter shall furnish quarterly return /details of his exports 2.96 (b) of of different commodities to concerned registering authority. HBP, 2015- -Deleted- However, status holders shall also send quarterly returns to 2020 FIEO in format specified by FIEO. 2. Further, S. No 9(d) of ANF-2C of Foreign Trade Policy, 2015-2020 mandating submission of monthly returns of exports including ‘NIL’ returns to the Registering authority by 15th day of the month following the quarter is deleted, and the revised format for ANF-2C is notified, as annexed. 3. Effect of this Public Notice: Para 2.96 (b) of Chapter-2 of Handbook of Procedures, 2015-2020 stands deleted, and revised format of ANF-2C is notified as a step towards reducing regulatory compliance burden. AMIT YADAV, Director General of Foreign Trade & Ex-officio Addl. Secy. Annexure ANF 2C APPLICATION FORM FOR REGISTRATION CUM MEMBERSHIP CERTIFICATE (RCMC) To The _______________________________ _______________________________ _______________________________ (Name and Address of the Council) Dear Sir, Kindly register us as Merchant exporter /Manufacturer exporter/Merchant cum Manufacturer exporter of the export product(s) mentioned below. 1. Name of the applicant : ______________________________ 2. (i) Address of the applicant. : _____________________________________________________ (Registered Office in case of _______________________________ limited companies, and the head office for others) (ii) Name address of the : ___________________________________________ branches, if any (iii) Name and address of the : ___________________________________________ factory. 3. (i) IEC number : ______________________________________________________ (ii) Date of issue ____________________________ (iii) Issuing authority 4. Payment details : 5a If registration is : No. ________________________ required as a Date _______________________ manufacturer exporter Issuing Authority: _____________ (SSI Registration/ Industrial Licence/ IEM ) b. Others (specify) : ___________________________[भाग I—खण् ड 1] भारत का रािपत्र : असाधारण 5 c EH/TH/STH/SSTH/ : Valid up to __________________ SHE/ISEH/ISSEH / ISSEH certificate number 6. If Status Holder : : certificate number: ____________________ (category) Valid up to __________________ 7. (a) Name of export : ____________________________ product(s) or its category for which registration is required (b) Main line of : business of applicant 8. I hereby solemnly declare that the above stated information is true and correct and I undertake to abide by the FT (D&R) Act, 1992 and the provisions under FTP. 9. I/We hereby solemnly declare that the above stated information is true and correct. I/We undertake, without any reservation, to: (a) abide by the terms of the registration certificate granted to us on all our exports; (b) agree to abide by any code of conduct that may be prescribed; (c) agree to abide by export floor price condition that may be stipulated by the Registering Authority 10. We further understand that our registration is liable to be cancelled in the event of breach of any of the undertakings mentioned above. 11. I solemnly declare that I have applied to the Export Promotion Council which pertains to our main line of business. In case I have applied to any other council, the application has been made within the purview of the provisions of Para 2.94 of the Handbook of Procedures. Place _______________ Date _______________ Yours faithfully, (Signature) ________________________ Name _______________________ Address ____________________ Designation ________________________ Email ____________________ MobileNo. Documents to be enclosed with the application form: 1. A self certified copy of the IEC issued by the licensing authority concerned. 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.

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