Amendment in paragraph 4.21 and 4.23 on enhancement in CIF / FOB values and revalidation of advance authorisations

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.... Public Notice No. 14/(RE-2010)/2009-14 Dated: 2nd November, 2010 Subject: Amendment in paragraph 4.21 and 4.23 on enhancement in CIF / FOB values and revalidation of advance authorisations. In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014, the following amendments are being made in the Handbook of Procedures, Vol. 1, 2009-2014(RE 2010). Amendment of s....

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....s shall apply for any enhancement in the value of the authorisation: (i) Wherever exports are on or subsequent to 27.8.09, enhancement in CIF / FOB values shall be subject to a minimum value addition (VA) of 15% or the value addition prescribed in Appendix 11B, whichever is lower, for that component of exports. (ii) Wherever exports are prior to 27.8.09, enhancement in CIF / FOB values shall be ....

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.... sub-paragraph: "In case of revalidation of advance authorization issued prior to 27.8.2009, it should be ensured that value addition (VA) is maintained at 15% (and as per details mentioned in para 4.1.6 of FTP) or as stipulated in the advance authorization, whichever is higher. However, for advance authorisations for products with VA as per Appendix 11B, the Value addition shall be as per the VA....