Amendments in Para 4.42 of the Handbook of Procedures 2015-2020

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....cedures 2015-2020. F. No. 01/94/180/133/AM22/PC-4.- In exercise of powers conferred under Paragraph 1.03 and 2.04 of the Foreign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendments in the provisions of Para 4.42 of the Handbook of Procedures 2015-2020: Existing Para 4.42 Amended Para 4.42 (d) Extension in exp....

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....) LICENSES ISSUED COMPOSITION FEE TO BE LEVIED (IN Rs.) Up to Rs.2 Crores 5,000 More than Rs.2 Crores to Rs.10 Crores 10,000 Above Rs.10 Crores 15,000   (e) Regional Authority may consider a request of Advance Authorisation holder for one extension of EO period upto six months from the date of expiry of EO period subject to payment of composition fee of ....

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....equest for further extension of six months after first extension as in (e) above can be considered by Regional Authority, provided Authorisation holder has fulfilled minimum 50% export obligation in quantity as well as in value, on pro-rata basis. This will be subject to payment of composition fee @ 0.5% per month on unfulfilled FOB value of export obligation. No further extension shall be allowed....

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.... ADVANCE AUTHORIZATION COMPOSITION FEE TO BE LEVIED (IN Rs.) Up to Rs.2 Crores 10,000 More than Rs.2 Crores to Rs.10 Crores 20,000 Above Rs.10 Crores 30,000 No further extension shall be allowed by Regional Authority. However, only two extensions of six months each as mentioned above can be allowed subject to payment of composition fee and under no circumstanc....