Amendment notification of Handbook procedures 2015-2020 under Foreign Trade Policy 2015-2020 (dated – 22.07.2021) – DGFT
View PdfAmendment notification of Handbook procedures 2015-2020 under Foreign Trade Policy 2015-2020 (dated – 22.07.2021) – DGFT
- Under Para 4.41 of HBP 2015-20, a new sub-para (e) is added, as mentioned below:
- 41 Validity period for import and Revalidation of Authorization (e) For Advance Authorizations issued on or after 15.08.2020 and not covered under Para 4.41(b) above, only one revalidation for twelve months from expiry date shall be allowed. No further Revalidation would be allowed for such authorizations. The provision for revalidation as under Para 4.41(c) shall also not be applicable for such Advance Authorizations. Applications for any such revalidation may be submitted online to the concerned Regional Authority on or after 01.08.2021. Existing Paras 4.51 and Para 4.57 are replaced:
- Every Advance Authorization holder shall maintain a true and proper account of consumption and utilization of duty free imported / domestically procured goods against each authorization as prescribed in Appendix 4H or 4I, as applicable. These records are required to be filed online at the beginning of each licensing year for all those authorizations, which have been redeemed in previous licensing year. The same may be submitted on the DGFT Website under Dashboard -Repository- CA/CE Repository.
- 57 Maintenance of proper accounts of import and its utilization:
- Original DFIA holder shall maintain a true and proper account of consumption and utilization of duty free imported / domestically procured goods against each authorization as prescribed in Appendix 4H. These records are required tobe filed online to Regional Authority concerned along with request for bond waiver / transferability.
- Effect of this Public Notice: With this Public Notice :
- Para 4.41 of Handbook of Procedures 2015-20 is amended to allow only one revalidation for a period of 12 months to Advance Authorizations issued on or after 15.08.2020 (instead of 2 revalidation of 6 months each, provided earlier). Para 4.51 and 4.57 of Handbook of Procedures 2015-20 are amended to allow submission of record in online mode.
