Only One Revalidation for Six Months of
Advance Authorization by Regional Authority, Both Para 4.41(a) and 4.47(a)(ii) not Allowed
[DGFT Public Notice No. 17 dated 8th
June 2016]
Effect of Public Notice: Revalidation under Para 4.47(a) (ii) of HBP
2015-20 shall not be available if
revalidation has already been obtained under Para
4.41(a) of HBP 2015-20.
Subject: - Amendment
in Para 4.47(a)(ii) of Hand Book of Procedures 2015-20 for allowing
revalidation of Advance Authorizations along with Bond waiver.
In exercise of
powers conferred under Para 1.03 of
the Foreign Trade Policy, 2015-20, as amended from time to time, the Director
General of Foreign Trade hereby makes the following amendments in paragraph
4.47(a)(ii) of Handbook of Procedures
2015-20 which will be effective for
Advance Authorizations issued during Foreign Trade Policy period 2015-20:-
Existing Para 4.47(a)(ii):
While allowing
waiver of Bond, Regional Authority may revalidate the Authorisation in
continuation for further six month from the date of endorsement provided
applicant has made a specific request and paid requisite fee for revalidation.
Revised Para 4.47(a)(ii):
While allowing
waiver of Bond for exports made first (before effecting imports) on pro-rata
basis, Regional Authority may revalidate the Authorization in continuation for
further six months for replenishment of inputs used in manufacture of export
item's from the date of endorsement provided applicant has made a specific
request in ANF 4D and paid requisite fee for revalidation. It
will be further subject to condition that the applicant had not obtained
revalidation earlier in terms of Para
4.41(a) of HBP 2015-20.