Directorate General of Foreign Trade Notification No. 42/2015-2020 Dated: 21st March, 2017
In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby makes following amendments in Chapter 4 of Foreign Trade Policy 2015-20.
1. The existing Para 4.22(ii) is amended to read as under:
"In cases of supplies to projects in India under deemed export category or projects abroad, the Export Obligation period shall be co-terminus with contracted duration of the project execution or 18 months whichever is more. "
Applicant shall be allowed to file application beyond 24 months from the date of generation of file number as per paragraph 9.02 of Hand Book of Procedures.
3. The existing Para 4.29(viii) of FTP is amended to read as under:
No Duty Free Import Authorisation shall be issued for an input where SION prescribes 'Actual User' condition and/or Appendix-4J prescribes pre import condition for such an input.
Effect of Notification: Certain Amendments are carried out to update chapter 4 of Foreign Trade Policy 2015-20.