Circular No.ES/351/2016-17 March 22, 2017
To: Members of the Council
Sub: Amendments in Chapter 4 (Duty Exemption/ Remission Schemes) of the Foreign Trade Policy 2015-20
Dear Member,
DGFT has issued Notification No.42 /2015-2020 dated 21.03.2017 by making following amendments in Para 4.22(ii) and Para 4.29(v) and (viii) under Chapter 4 of Foreign Trade Policy 2015-20 which relates to Duty Exemption/ Remission Schemes.
The earlier Para 4.22(ii) reads as;
“In cases of supplies to turnkey projects in India under deemed export category or turnkey projects abroad, the Export Obligation period shall be co-terminus with contracted duration of the project execution or 18 months whichever is more.”
Amended Para 4.22(ii) reads as;
"In cases of supplies to projects in India under deemed export category or projects abroad, the Export Obligation period shall be co-terminus with contracted duration of the project execution or 18 months whichever is more. “
The earlier Para 4.29(v) reads as;
“Applicant shall be allowed to file application beyond 24 months from the date of generation of file number as per paragraph 9.03 of Hand Book of Procedures.”
Amended Para 4.29(v) reads as;
“Applicant shall be allowed to file application beyond 24 months from the date of generation of file number as per paragraph 9.02 of Hand Book of Procedures.”
The earlier Para 4.29(viii) reads as;
“No Duty Free Import Authorisation shall be issued for an export product where SION prescribes ‘Actual User’ condition for any input.”
Amended Para 4.29(viii) reads as;
“No Duty Free Import Authorisation shall be issued for an input where SION prescribes 'Actual User' condition and/or Appendix-4J prescribes pre import condition for such an input.”
Members may kindly make note of the same.
Thanking you,
V.ANIL KUMAR
EXECUTIVE DIRECTOR
