Amendments in Chapter-4 of Hand Book of Procedures 2015-2020, related to clubbing of Advance Authorisations, extension of Export Obligation period and regularisation of bonafide default in the cases where Authorisations were issued for import of drugs from unregistered sources with pre import condition- reg

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....bligation period and regularisation of bonafide default in the cases where Authorisations were issued for import of drugs from unregistered sources with pre import condition- reg In exercise of powers conferred under Para 2.04 of the Foreign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade, in public interest, makes the following amendments in Hand Book of Procedures 2015-2020 as under:. 1) Para 4.38 of handbook of procedures 2015-20 is amended to read as under: "4.38 Facility of Clubbing of Authorisations (i) No clubbing of Authorisations issued on or before 31^st March, 2009 shall be allowed. (ii) Request for clubbing shall be made in ANF - 4C to the concerned RA ....

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....ort) of first authorisation and such import made within validity period of first authorisation are on pro-rata, equal to or in excess to the extent of exports made in first authorisation. Subsequent Authorizations issued after expiry of validity of first Authorisation shall not be allowed to be clubbed. (ix) Clubbing of Authorisations issued with different EO periods shall also be allowed. (x) Accounting of exports made outside expiry of initial or extended EO period of earliest issued authorisation shall not be taken into consideration for EO fulfillment after clubbing of such Authorisations. (xi) Inputs which are common in all Authorisations shall only be clubbed and duty free inputs shall be accounted for as pe....

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.... earliest import in any of the Authorisations proposed to be clubbed. 2) Para 4.42 (d) is amended to read as under: (d) Extension in export obligation period for Authorisations issued under Appendix-4J (issued under FTP 2015-20) shall be allowed for a period not more than the half of the stipulated export obligation period. In such cases, composition fee shall be levied @ 0.5% per month of unfulfilled FOB value, in case exports effected are more than 50% within initial Export Obligation period and @ 1% per month where less than 50% exports have been effected within initial export obligation period. 3) Sub-Para (g) is inserted in Para 4.49: (g) Regularization of Bonafide default in the cases where Authorisation was issued for imp....