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of <h1>DGFT Clarifies Payment Rules for Advance Authorizations: New Requirements Apply Only to Post-April 2023 Issuances.</h1> The Directorate General of Foreign Trade (DGFT) issued a circular clarifying the applicability of payment requirements under the Handbook of Procedures (HBP) 2023. The circular specifies that the 3% payment for non-achievement of minimum value addition and the 10% of CIF value requirement apply only to Advance Authorizations issued on or after April 1, 2023. Authorizations issued before this date will follow the provisions of the HBP under which they were initially issued, excluding clubbing and export obligation extensions. This clarification does not allow for refunds of fees already paid.
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