Onetime relaxation for EO Extension and Clubbing of Advance
Authorizations under 2002-2007 and 2004-2009 FTP Permitted Subject to
Composition
· Last
Date for Submission of Application is 31.3.2018
[Ref: Public Notice
No. 34/2015-2020 dated 24 October 2017]
Effect
of this Public Notice:
One time relaxation
is provided for Clubbing of
advance Authorisations issued during foreign trade policy 2002-07
and foreign trade policy 2004-09. One time relaxation
is provided for extension of
export obligation period of Advance authorizations issued under Foreign Trade Policy 2002-07, Foreign Trade Policy 2004-2009 and Advance Authorisations issued prior to 5.6.2012 under foreign trade
policy 2009-14.
Sub: Onetime relaxation
for EO extension
and clubbing
of Advance Authorisation
In exercise
of powers conferred under Para 2.04 and 2.58 of the Foreign
Trade Policy 2015-2020, as amended from time to time, the Director
General of Foreign
Trade on recommendation of Policy Relaxation Committee (PRC), in public
interest, hereby makes the following
one time relaxations in the provisions
of extension of export obligation period and clubbing
of advance Authorisations.
1. Facility of Clubbing of Advance Licences/Authorisations:
Onetime relaxation of Para 4.38(i) of Handbook of Procedures 2015-2020, for clubbing of Advance licenses
/ Authorisations
issued under Foreign Trade Policy
2002-2007
and 2004-09 is hereby permitted. Request
for clubbing shall be made in ANF-4C
to the respective RAs along with prescribed documents. RA shall process the cases as per Para 4.38 of Handbook of Procedures 2015-2020. The last
date for submission of such application shall be 31.3.2018. An y applications received in RA, after 31.3.2018
shall not be entertained
for clubbing
and case shall be
regularized either under Para 4.49 of HBP
or by initiation of adjudication proceedings on or before 31.05.2018 positively.
No clubbing
shall be permitted in respect of Authorisations where misrepresentation I fraud have come to the notice
of RA. Further, no clubbing of Authorisations,
where EODC/redemption letter has already been issued or adjudication orders have already been passed by RA/Customs
Authority, shall be permitted.
2. Extension of
Export Obligation Period:
Onetime relaxation is provided for extending Export Obligation (EO) period subject to the conditions specified below.
Exports made under Advance
Licences/Authorisations issued under Foreign
Trade Policy 2002-07, Foreign
Trade Policy 2004-2009 and Advance authorisations issued prior to 5.6.2012 under Foreign Trade Policy 2009-14 shall be regularized
by way of extension of Export Obligation Period,
as per the procedure prescribed below:
a. Where exports
have been made within 36 months from the date of issue of Advance Licences/Authorisations,
same shall be regularized without insisting
for any composition fee, except
the cases where authorizations issued under Policy circular
No-9 dated 30.6.2003/ or
items covered under Appendix-30 A of HBP 2004-09/ HBP 2009-14.
b. For
the exports made after 36 months but within 48 months shall be regularized on payment of composition fees as follows:
i.
@ 0.5% per month
of FOB value of exports made after 36 months but
within 42 months
ii. @ 1% per month
of FOB value of exports made after 42 months but within
48 months
c. For
Authorisations issued under Policy
circular No-9 dated 30.6.2003 or inputs covered under Appendix-30A of HBP 2004-09 / HBP 2009-14: Extension of export obligation
period can be granted for a period equivalent to half of the stipulated initial
export obligation period on payment of composition fee as follows:
i.
@0.5%
per month of FOB if exports made within initial export obligation period is more than 50% of stipulated EO.
ii. @
I% per month of FOB if exports made within initial export obligation period is less than 50% of stipulated
EO.
d.
Request for extension of Export obligation period
shall be filed in respective RAs, on or before 31.3.2018. Any applications received after 31.3.2018 shall not be considered as
per this Public
notice.
e. Only shipping
bills which bear file number/
Advance Authorisation number in
question shall be taken into
account. No free shipping bills shall be allowed
to be accounted.
f. No extension in
EO would be allowed in respect of Authorisations where misrepresentation I
fraud have come to the notice of RA. Further, no extension of Authorisations, where adjudication orders have already been passed by RA/Customs Authority, shall be permitted.