Amendment in Para 3.24 (j) of Chapter-3 of FTP 2015-2020

To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (II) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No: 9 /2015-2020 New Delhi, the 4th June 2015

Subject: Amendment in Para 3.24 (j) of Chapter-3 of FTP 2015-2020

S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development

and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy, 2015-2020, the Central Government hereby makes the following amendments in the Foreign Trade Policy (FTP) 2015-2020 with immediate effect:

Amendment in Para 3.24 (j) of Chapter 3 of FTP 2015-2020
Amended Para 3.24 (j) of Chapter-3 of FTP 2015-2020 shall read as under: “3.24 Privileges of Status Holders : (j) “Status holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject to an annual limit of Rs. 10 lakh or 2% of average annual export realisation during preceding three licensing years, whichever is lower”.

Effect of this Notification: Entitlement of Status Holders to export freely exportable items on free of cost basis has been limited with immediate effect.

(Pravir Kumar ) Director General of Foreign Trade E-mail: dgft@nic.in

( Issued from File No. 01/61/180/59/AM16/PC-3)