Increased validity and utilisation of the norms ratified by Norms Committee (NC) under Para 4.12 of HBP 2015-2020 of the Advance Authorization obtained under para 4.07, by other applicants of advance authorisations

Existing Para 4.12 (vi) of HBP 2015-20:-

Amended Para 4.12 (vi) of HBP 2015-20

Where Norms Committee has already ratified norms for same export and import products in respect of an authorization obtained under paragraph 4.07, such norms shall be valid for a period of two years reckoned from the date of ratification. The same applicant can avail repeat authorisations based on such adhoc norms. Regional Authority based on such adhoc norms. Another exporter, however, cannot be granted authorization by Regional Authority based on such adhoc norms.

Norms ratified by any Norms Committee (NC) in the O/o DGFT on or after 01.04.2015 in respect of any Advance authorization obtained under paragraph 4.07, shall-be valid for the entire period of the Foreign Trade Policy i.e. up to 31.3.2020 or for a period of three years from the date of ratification, whichever is later. Since all decisions of the Norms Committees are available in the form of minutes on the DGFT website, all other applicants of Advance Authorization are also eligible to apply and get their authorizations based on such ratified norms on repeat basis during validity of these norms.