Authority of
Approving Proposals for Consolidation of Goods related to Manufactured Articles
Delegated to Development Commissioner/ Designated Officer from BOA
[DGFT
Notification No. 42/2015-20 dated 10 January 2020]
Effect
of Notification:
Authority of approving proposals for consolidation of goods related to
manufactured articles has been delegated to Development Commissioner/Designated
Officer concerned.
Subject:
Amendment in Para 6.01(k) of Foreign Trade Policy 2015-20
S.O(E):
In exercise of powers conferred by Section 5 of FT(D&R) Act, 1992, read with
Paragraph 2.01 of the Foreign Trade Policy, 2015-20, as amended from time to time,
the Central Government hereby makes the following amendments in para 6.01(k) of
Chapter 6 of Foreign
Trade Policy 2015-20:
|
Existing policy provision |
Amended policy provision |
|
BOA
may allow, on a case to case basis, requests of EOU / EHTP / STP/ BTP units
in sectors other than Gems & Jewellery, for
consolidation of goods related to manufactured articles and export thereof
along with manufactured article. Such goods may be allowed to be imported /
procured from DTA by EOU with or without payment of duty and/or taxes as
provided at Para 6.01(d)(ii)and(iii) above, as the
case may be to the extent of 5% FOB value of such manufactured articles
exported by the unit in preceding financial year. Details of procured
/imported goods and articles manufactured by the EOU will be listed
separately in the export documents. In such cases, value of procured /
imported goods will not be taken into account for calculation of NFE and DTA
sale entitlement. Such procured /imported goods shall not be allowed to be
sold in DTA. BOA may also specify any other conditions. |
Development
Commissioner / Designated Officer may allow, on a case to case basis,
requests of EOU / EHTP / STP/ BTP units in sectors other than Gems & Jewellery, for consolidation of goods related to
manufactured articles and export thereof along with. manufactured
article. Such goods may be allowed to be imported / procured from DTA by EOU
with or without payment of duty and/or taxes as provided at Para 6.01(d)(ii)and(iii) above, as the case may be to the extent of
5% FOB value of such manufactured articles exported by the unit in preceding
financial year. Details of procured / imported goods and articles
manufactured by the EOU will be listed separately in the export documents. In
such cases, value of procured/imported goods will not be taken into account
for calculation of NFE and DTA sale entitlement. Such procured /imported
goods shall not be allowed to be sold in DTA. Development Commissioner/ Designated
Officer may also specify any other conditions. |