TaxTMI 
TaxTMI 
Amendments in Hand Book of Procedures of FTP 2015-2020, related to Facility of Clubbing of Authorisations
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....s 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 of HBP 2015-20 is amended to read as under: Para 4.38 Facility of Cl....
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....ns 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 are valid or not. This is further subject to condition that upon clubbing only imports made within 30 months from the date of issue of earliest authorisation sh....
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....rescribed in FTP and Procedures for the export product will be required to be maintained on clubbing. (xii) After clubbing, Authorisations shall for all purposes, be deemed to be one Authorisation. The value addition would be calculated on the basis of total CIF and total FOB arrived at after clubbing the Authorisations. (xiii) All cases clubbed, as per earlier provisions would not be reopened. ....