Home India Ministry of Commerce and Industry In exercise of the powers conferred under paragraph 2 04 of ...
Date: 2019-04-04 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred under paragraph 2 04 of the Hand Book of Procedure, the Directorate

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

This Public Notice, No. 01/2015-20, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry on April 4, 2019, announces amendments to paragraph 2.16(a) of the Handbook of Procedures (HBP) of the Foreign Trade Policy (FTP) 2015-2020. The key change is an extension of the validity period for Export Authorisations for restricted Non-SCOMET goods from 12 months to 24 months. This amendment takes immediate effect, as per the authority granted under paragraph 2.04 of the HBP. The amended paragraph 2.16(a) Sr. No. i of the Handbook of Procedures of FTP 2015-20 is revised such that the validity period is listed as 24 months. Alok Vardhan Chaturvedi, Director General of Foreign Trade and Ex-officio Additional Secretary, approved this notice.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A trade policy spanning from 2015 to 2020, which is the subject of amendments in the public notice. Directorate General of Foreign Trade: The organization responsible for making amendments to the Handbook of Procedures related to the Foreign Trade Policy. Handbook of Procedures: A document containing procedures related to the Foreign Trade Policy, specifically para 2.16 which is being amended. New Delhi: Location of publication of the Public notice. Also the location of the Directorate General of Foreign Trade. Alok Vardhan Chaturvedi: Director General of Foreign Trade, and Ex-officio Additional Secretary, who signed the public notice. Ministry of Commerce and Industry: The ministry under which the Department of Commerce and the Directorate General of Foreign Trade operate. Non-SCOMET goods: Restricted goods not covered under the Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) list, for which export authorization validity is extended. Department of Commerce: The department within the Ministry of Commerce and Industry that oversees foreign trade.
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