Clarification regarding applicability of Para 2.12 of the Foreign Trade Policy, 2023

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....25-26 To, 1. All Customs Authorities 2. All RAs of DGFT 3. All Members of the Trade & Industry Subject: Clarification regarding applicability of Para 2.12 of the Foreign Trade Policy, 2023-reg. Para 2.12 of Foreign Trade Policy, 2023 provides that "Goods already imported / shipped / arrived in advance, but not cleared from Customs may also be cleared against an ....

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....nder the Para 2.12 of FTP, 2023 and only adds to the costs of imports. 3. Recently this Directorate has received several representations regarding problems faced by importers being asked to mandatorily warehouse the goods before clearance, if they were shipped (date of shipment as per date of Bill of Lading) prior to issuance of Authorization, even though importer now has an Authorization in ha....