The DGFT vide Public Notice No. 09/2023 dated April 25, 2023 amends Para 4.12(vi) of the Handbook of Procedures 2023 (“HBP”) in respect of Advance Authorization issued under para 4.07 of HBP 2015-2020 to extend the validity of ad-hoc norms ratified from April 01, 2015 up to March 31, 2023, which shall now be valid up to March 31, 2026, for ease of doing business and reduction of the transaction cost.
In exercise of powers conferred under Paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2023, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendment in the provision of Para 4.12(vi) of the Handbook of Procedures 2023:
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Existing para 4.12 (vi) |
Amended para 4.12 (vi) |
| Norms ratified by any Norms Committee (NC) in the O/o DGFT on or after April 01, 2023 in respect of any Advance Authorisation obtained under paragraph 4.07 shall be valid for a period of three years from the date of ratification. Since all decisions of the Norms Committees are available in the form of minutes on the DGFT website, all other applicants of Advance Authorisation are also eligible to apply and get their authorisations based on such ratified norms on repeat basis during validity of these norms. This para is not applicable for authorisations applied for items listed under Appendix 4P. |
Norms ratified by any Norms Committee (NC) in the O/o DGFT on or after April 01, 2023 in respect of any Advance Authorisation obtained under paragraph 4.07 shall be valid for a period of three years from the date of ratification. However, the Norms ratified by any Norms Committee (NC) on or after April 01, 2015 in respect of any Advance Authorisation obtained under paragraph 4.07 of HBP, 2015-2020 shall also be valid further upto March 31, 2026. Since all decisions of the Norms Committees are available in the form of minutes on the DGFT website, all other applicants of Advance Authorisation are also eligible to apply and get their authorisations based on such ratified norms on repeat basis during validity of these norms. This para is not applicable for authorisations applied for items listed under Appendix 4P. |
Effect of the Public Notice: Para 4.12(vi) of the Handbook of Procedures 2023 in respect of Advance Authorization issued under para 4.07 of HBP 2015-2020 has been amended to extend the validity of ad-hoc norms ratified from April 01, 2015 up to March 31, 2023, which shall now be valid up to March 31, 2026, for ease of doing business and reduction of transaction cost.
The Public Notice can be accessed at: https://content.dgft.gov.in/Website/dgftprod/487830b7-e068-49e8-a5ae-a37c97a06b57/Public%20Notice%2009%20English.pdf