Amendment in para 3.24 (j) of Chapter 3 of FTP 2015-2020-reg

HEPC/EP/Policy/2015-16

June 5, 2015

To all Members

Sub: Amendment in para 3.24 (j) of Chapter 3 of FTP 2015-2020-reg.

Sir/Madam,

In the Foreign Trace Policy 2015-20 it was announced that Status holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject to an annual limit of Rs 10 lakh or 2% of average annual export realization during preceding three licencing years whichever is higher.

DGFT vide notification no.9 dated June 4, 2015 has announced that Status holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject
to an annual limit of Rs. 10 lakh or 2% of average annual export realisation during preceding three licensing years, whichever is lower.

Effect of this Notification: Entitlement of Status Holders to export freely exportable items on free of cost basis has been limited with immediate effect.

This is for kind information.

Thanking you,

Yours faithfully,

R.Anand,
Executive Director