Home India Ministry of Commerce and Industry The Foreign Trade Policy 2015 2020 amendment in the Para 9.0...
Date: 2018-06-28 Category: Extra Ordinary State: Union Government Country: India

The Foreign Trade Policy 2015 2020 amendment in the Para 9.03 of the Handbook of Procedures for Chapter 3 Scrips reg.

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

This public notice, No. 16/2015-2020, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, on June 28, 2018, amends Para 9.03 of the Handbook of Procedures 2015-2020. The amendment disallows supplementary claims for scrips issued under Chapter 3 of the Foreign Trade Policy (FTP) 2015-2020. Previously, supplementary claims received within specified time limits could be considered with a 2% cut on the entitlement. This notice, issued in exercise of powers conferred under paragraph 2.04 of the FTP 2015-2020, aims to clarify the admissibility of supplementary claims specifically for Chapter 3 scrips. The file number for reference is 01/61/180/65/AM-19/PC-3. Alok Vardhan Chaturvedi, Director General of Foreign Trade, approved the notice.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A trade policy document issued by the Government of India. Directorate General of Foreign Trade: The organization issuing the public notice, under the Ministry of Commerce and Industry. Handbook of Procedures 2015-2020: A procedural manual related to the Foreign Trade Policy 2015-2020. Chapter 3: Refers to a specific chapter in the Foreign Trade Policy (FTP) 2015-2020, likely related to scrips. Alok Vardhan Chaturvedi: Director General of Foreign Trade who issued the public notice. Ministry of Commerce and Industry: The government ministry responsible for foreign trade. New Delhi: The location where the public notice was issued; the capital of India. Scrips: Incentives or authorizations granted under the Foreign Trade Policy.
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