Amendments in Hand Book of Procedures of FTP 2015-2020, related to Facility of Clubbing of Authorisations

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....ary, 2019 Subject: Amendments in Hand Book of Procedures of FTP 2015-2020, related to Facility of Clubbing of Authorisations. In exercise of powers conferred under Para 1.03 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: 2.  Para 4.38 o....

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....v)   Only Authorisations under which similar duty exemption has been availed shall only be allowed to be clubbed.  Such Authorisations may pertain to different financial years. (vi)   Only such Authorisations shall be clubbed which have been issued within 18 months from the date of issue of earliest authorisation that is sought to be clubbed, whether such authorisations....

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....orisations shall be clubbed and duty free inputs shall be accounted for as per SION/ad-hoc norms fixed by NC. In other words all inputs covered in all authorisations need not be same. (xi)   Minimum value addition as prescribed in FTP and Procedures for the export product will be required to be maintained on clubbing. (xii)   After clubbing, Authorisations shall for all p....

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....n 18 months: (a)  Export obligation period of clubbed Authorisations shall be reckoned from the date of earliest import in any of the Authorisations proposed to be clubbed. (b)  Clubbing of such Authorisations shall be allowed provided all exports are completed within initial/extended Export Obligation period reckoned from date of earliest import in any of the Authorisa....