Amendment in Para 3.08 (b) of Chapter-3 of FTP 2015-2020

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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: 8 /2015-2020 New Delhi, the May, 2018

Subject: Amendment in Para 3.08 (b) 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 2015-2020 with immediate effect: - i?Para no. cetof | Existing Para ceeAmended Para Such service provider should have have minimum net free foreign |minimum net free foreign exchange exchange earnings of US$15,000 | earnings of US$15,000 in year of in preceding financial year to be| rendering service to be eligible for Duty eligible for Duty Credit Scrip. | Credit Scrip. For Individual Service For Individual Service Providers | Providers and sole proprietorship, such and sole proprietorship, such| minimum net free foreign exchange minimum net free foreign | earnings criteria would be US$10,000 in exchange earnings criteria would | year of rendering service. be US$10,000 in preceding | financial year. |

Effect of this Notification: The provision in Para 3.08(b) FTP 2015-2020 relating to the threshold level of earnings has been amended to bring in clarity.

pect - (Alok Vard haturvedi) Director General of Foreign Trade E-mail: dgft@nic.in

[Issued from File No. 01/61/180/303/AM18/PC3]