Last Date for PSIA Approval in New System Extended to 18 June

[DGFT Public Notice No. 19 dated 5^th June 2015]

Subject: Amendment in paragraph 2.55 and 2.56 of Handbook of Procedures of FTP, 2015-20 as notified by Public Notice No.12/2015-2020, dated 18.5.2015 – Pre Shipment Inspection Agency (PSIA).

In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy, 2015-20, the Directorate General of Foreign Trade hereby makes the following amendments in the Public Notice No.12/2015-2020, dated 18.5.2015:

1. Amendment in paragraph 4 of Public Notice No.12/2015-2020 dated 18th May, 2015

Amended paragraph 4 shall read as under:-

4. The existing PSIAs (as on 01.04.2015) will have to file fresh applications in ANF 2L (new format) latest by 18^th June, 2015 for updation of details of their offices/branches/authorised representatives in various countries etc. and expansion of their areas of operation, if they so desire, as per the above mentioned procedure laid down in revised paragraph 2.55 of HBP of FTP 2015-20. Applications received after 18^th June, 2015 shall be taken up for consideration after July, 2015.

2. Amendment in paragraph 5 of Public Notice No.12/2015-2020 dated 18th May, 2015

Amended paragraph 5 shall read as under:-

5. New applicants who desire to be recognised as Pre-shipment Inspection Agencies (PSIAs) (w.e.f. 01.07.2015) may also apply by 18^th June, 2015 in proforma prescribed in ANF 2L (new format) as per the above mentioned procedure laid down in revised paragraph 2.55 of HBP of FTP 2015-20. Applications received after 18^th June, 2015 shall be taken up for consideration after July, 2015.

3. The following paragraph 7 is inserted in the Public Notice No.12/2015-2020 dated 18^th May, 2015:

7. The applicants may submit their applications initially without bank guarantee, as required under S.No.9 of ANF-2L. Their applications would not be rejected only on the ground of non-submission of bank guarantee. Applicants would, however, be required to submit bank guarantee or an equivalent financial instrument, before they are notified as PSIA, by the competent authority, as per FTP/HBP 2015-20.

Effect of this Public Notice

The last date for submitting the applications for entitlement as PSIA has been extended. Applicants can, for the time being, submit applications initially without bank guarantee. However, they shall be required to submit bank guarantee or an equivalent financial instrument before they are notified as PSIA.