Department of Chemicals and Petrochemicals Included to Appendix 2Y of FTP to Enable it to give QCO Exemption for Input Import Against AA or EOU Licence

[Please note that the para reference mentioned in this notification is not correct. Vide Notification No. 71/2023 dated 11.03.2024, the para 2.03A is inserted. Notification attached for ready reference.

A new para 2.03(A) is inserted below para 2.03 of FTP 2023, as follows:

2.03A Importability of items under Advance Authorisation/EOU/SEZ without compliance to the mandatory Quality Control Orders (QCOs)

Editor.]

Notification No. 71/2023 dated 11.03.2024

[DGFT Notification No. 16/2024-25 dated 6 June, 2024]

Effect of this Notification: Enabling provisions are made for exempting inputs imported by Advance Authorisation holders, EOU and SEZ, from mandatory Quality Control Orders (QCOs). Also, DCPC have been notified in Append ix 2Y of FTP, 2023. The EO Period for the products of Ministry of Textiles and the DCPC is restricted to 180 days from the date of clearance of import consignments in respect of QCO exemption.

 

Subject: Enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU and SEZ.

S.O. (E) In exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 and 2.03 of the Foreign Trade Policy (FTP), 2023, the Central Government hereby makes the following amendments relating to Advance Authorisation in para 2.30(A)(i)(g) of FTP, 2023, notified vide Notification No. 71/2023 dated 11.03.2024, with immediate effect (changes made are indicated in bold letters):

Existing Policy [Para 2.30(A)(i)(g)]

Revised Policy [Para 2.30(A)(i)(g)]

The Export Obligation period for such authorizations shall be as per para 4.40 of Handbook of Procedures. However, EO period is restricted to 180 days from the date of clearance of import consignment in respect of QCO exemption for textile products.

The Export Obligation period for such authorizations shall be as per para 4.40 of Handbook of Procedures. However, EO period is restricted to 180 days from the date of clearance of import consignment in respect of QCO exemption for textile and chemical products, notified by Ministry of Textiles and Department of Chemicals & Petro-chemicals (DCPC) respectively.

This issue with the approval of the Minister of Commerce & Industry.

[Issued from File No.01/89/180/13/AM-15/PC-2[A]/E-5910]