PN 14/2024
In force — no superseding record on file.
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[To be published in the Gazette of India Extraordinary (Part-I, Section—1)] |
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Government of India Ministry and Commerce and Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi
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. Public Notice: No. 14 /2024-25 . i New Delhi, Dated: 16.07.2024 . Subject: Amendment in Para 4.49 (b) of the Handbook of Procedures, 2023 . 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 Generalof Foreign Trade hereby makes the following amendments in the provisions of Para 4.49 (b) of the Handbook of _ Procedures 2023: a a : - If the Export Obligation is fulfilled in | If the Export Obligation is fulfilled in quantity but there is shortfall in value, no | quantity but there is shortfall in value, no penalty shall be imposed if Authorisation | penalty shall be imposed if Authorisation holder has achieved. minimum Value | holder has achieved minimum Value Addition prescribed. However, if Value | Addition prescribed. However, if Value Addition falls below the minimum Value | Addition falls below the minimum Value Addition prescribed, Authorisation holder |Addition prescribed, Authorisation holder shall be required to deposit an amount | shall be required to deposit an amount | equal to 3% of shortfall in FOB value in | equal to 1% of shortfall in FOB value in Indian Rupee, online through DGFT| Indian Rupee, online through DGFT = website. | website.
d to deposit an amount | equal to 3% of shortfall in FOB value in | equal to 1% of shortfall in FOB value in Indian Rupee, online through DGFT| Indian Rupee, online through DGFT = website. | website. Effect of the Public Notice: Para 4.49 (b) of the Handbook of Procedures, 2023 has been amended, reducing the. composition fee, for ease of doing business and reducing | compliances. . (Santosh Kumar Sarangi) Oo 7 Ex-officio. AdditionalDirectorSecretaryGeneral to Governmentof Foreign ofTrade India E-mail: dgft@nic.in
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[Issued from File No. 01/94/180/082/AM24/PC-4] ©
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