DGFT delegates authority of approving proposals for consolidation of goods related to manufactured articles
Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhavan
Notification No. 42/2015-20
New Delhi, dated the 10th January , 2020
Subject: Amendment in Para 6.01(k) of Foreign Trade Policy 2015-20
SO(E): In exercise of powers conferred by Section 5 of FT(D&R) Act , 1992, read with Paragraph 2.01 of the Foreign Trade Policy, 2015-20 , as amended from time to time , the Central Government hereby makes the following amendments in para 6.01(k) of Chapter 6 of Foreign Trade Policy 2015-20:
| Existing policy provision | Amended policy provision |
|
BOA may allow, on a case to case bas1s , requests of EOU / EHTP / STP/ BTP units in sectors other than Gems & Jewellery, for consolidation of goods related to manufactured articles and ex port thereof along with manufactured article. Such goods may be allowed to be imported /procured from DTA by EOU w1th or without payment of duty and/or taxes as provided at Para 6.01(d)(ii) and (iii) above , as the case may be to the extent of 5% FOB value of such manufactured articles exported by the unit in preceding financial year . Details of procured /imported goods and articles manufactured by the EOU will be listed separately in the export documents In such cases, value of procured/Imported goods will not be taken into account for calculation of NFE and DTA sale entitlement. Such procured /imported goods shall not be allowed to be sold in DTA BOA may also specify any other conditions |
Development Commissioner /Designated Officer may allow , on a case to case basis, requests of EOU/ EHTP /STP/BTP units in sectors other than Gems & Jewellery, for consolidation of goods related to manufactured articles and export thereof along with manufactured article Such goods may be allowed to be imported / procured from DTA by EOU with or without payment of duty and/or taxes as provided at Para 6.01(d)(ii) and (iii) above , as the case may be to the extent of 5% FOB value of such manufactured articles exported by the unit in preceding financial year. Details of procured/imported goods and articles manufactured by the EOU will be listed separately in the export documents . In such cases , value of procured/imported goods will not be taken into account for calculation of NFE and DTA sale entitlement. Such procured /imported goods shall not be allowed to be sold in DTA Development Commissioner/ Designated Officer may also specify any other conditions . |
Effect of Notification: Authority of approving proposals for consolidation of goods related to manufactured articles has been delegated to Development Commissioner/Designated Officer concerned.
(Amit Yadav)
Director General of Foreign Trade
Ex-Officio Additional Secretary , Government of India
Email: dgft@nic.in
Download Notification Click Here >>
- Penalty u/s 271B deleted as assessee was unaware of Tax Audit Provision
- Provisional empanelment status of CA firms/LLPs with CAG for 2023-24
- e-Appeals Scheme 2023 notified. Procedure for disposal of appeals by JCIT(Appeals)
- A Reasonable limitation period applicable to Order u/s 206C for failure to deduct TCS
- Preparation & uploading fake ITR by Chartered Accountant. ITAT remands case
