PN 59/2023

(TO BE PUBLISHED IN THE GAZETTE OF IN DIA EXTRAORDIN ARY PART-I SECTION -I) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Public N otice N o. 59/2015-2020 Dated the 28th February, 2023

Subject: Amendments in Para 4.42 of the Handbook of Procedures 2015-2020.

In exercise of powers conferred under Paragraph 1.03 and 2.04 of the Foreign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendments in the provisions of Para 4.42 of the Handbook of Procedures 2015-2020: (i) Under Para 4.42 ofHBP 2015-2020, a new sub-para (j) is added, as mentioned below: 4.42 Export Obligation (EO) Period and its Extension: (j) For implementation of all PRC decisions involving levy of Composition Fee while allowing extension in BOP and/or regularisation of exports already made, the applicable Composition Fee shall be as prescribed hereunder: CIFVALUEOF COMPOSITION
ADVAN CE FEE TOBE AUTHORIZATION
LEVIED (IN f) (AA) LICEN SES ISSUED Up to t2 Crores 25,000 More than t2 Crores 50,000 to t 10 Crores Above t 10 Crores 1,00,000 No refund of earlier paid Composition Fee shall be admissible. Effect of this Public N otice: Para 4.42 of the Handbook of Procedures 2015-2020 has been amended to integrate a uniform and transparent system for implementation of all PRC decisions including previous decisions involving process oflevying Composition Fee in case of extension of Export Obligation Period (BOP) and/or regularisation of exports already made under Advance Authorization Scheme, for ease of doing business and reduction of transaction cost. M ./ i.oi,, !CY; 'I, . .

Obligation Period (BOP) and/or regularisation of exports already made under Advance Authorization Scheme, for ease of doing business and reduction of transaction cost. M ./ i.oi,, !CY; 'I, . . (Santosh Kumar Sarangi) Director General of Foreign Trade Ex-officio Additional Secretary to Government of India E-mail: dgft@nic.in [Issued from File No. 01/94/180/012/AM23/PC-4]