Export Houses Limited to Only Rs. 10 lakh Export without FC Realisation
[DGFT
Notification No. 09 dated 4th June 2015]
Subject:
Amendment in Para 3.24 (j) of Chapter-3 of FTP 2015-2020
In
exercise of the powers conferred by Section 5 of the Foreign Trade (Development
and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy,
2015-2020, the Central Government hereby makes the following amendments in the
Foreign Trade Policy (FTP) 2015-2020 with immediate effect:
Amendment
in Para 3.24 (j) of Chapter 3 of FTP 2015-2020
Amended
Para 3.24 (j) of Chapter-3 of FTP 2015-2020 shall read as under:
“3.24
Privileges of Status Holders :
(j)
“Status holders shall be entitled to export freely exportable items on free of
cost basis for export promotion subject to an annual limit of Rs. 10 lakh or 2% of average annual export realisation
during preceding three licensing years, whichever is lower”.
Effect
of this Notification
Entitlement
of Status Holders to export freely exportable items on free of cost basis has
been limited with immediate effect.
[DGFT Public Notice No. 18 dated 4th
June 2015]
Subject:
Amendment in Para 2.84 of Chapter 2 of HBP 2015-2020
In
exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy 2015-2020,
Director General of Foreign Trade hereby makes the following amendment in the
Handbook of Procedures (HBP) 2015-20 with immediate effect:
Amendment
in Para 2.84 of Chapter 2 of HBP 2015-2020
Amended
Para 2.84 of Chapter-2 of HBP shall read as under:
“2.84
Free of Cost Exports for Status holders
“Status
holders shall be entitled to export freely exportable items on free of cost
basis for export promotion subject to an annual limit of Rs.
10 lakh or 2% of average annual export realisation during preceding
three licensing years, whichever is lower”.
Effect
of this Public Notice: Entitlement of Status Holders to export freely
exportable items on free of cost basis has been limited with immediate effect.