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

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.... 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 export obligation period for Authorisations issued under Appendix-....

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....77;2 Crores 5,000 More than ₹2 Crores to ₹10 Crores 10,000 Above ₹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 0.5% of the shortfall in EO. Authorisation holder will have to submit a self - declaratio....

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....d 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 by Regional Authority. This provision shall also be applicable to Advance Authorisations issued ....

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....More than ₹2 Crores to ₹10 Crores 20,000 Above ₹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 circumstance Regional Authority shall allow any extension beyond 12 months from date of expiry of EO period. At the ti....