Relaxation of Rules of Clubbing in Advance Authorization

Clubbing Rules

Relaxation of Rules of Clubbing in Advance Authorization

 

Public Notice No. 40/2023
Dated: 12th February, 2024

Subject: Amendments in Para 4.36 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 General of Foreign Trade hereby makes the following amendment in the provision of Para 4.36 of the Handbook of Procedures 2023:

 

Existing para 4.36

Amended para 4.36

(vi) Only  such            authorisations shall              be

(vi) Only such authorisations shall be

clubbed which have been issued within 18

clubbed which have been issued within 24

months from the date of issue of earliest

months from the date of issue of earliest

authorisation that is sought to be clubbed,
whether such authorisations are valid or

authorisation that is sought to be clubbed,
whether such authorisations are valid or

not. This is further subject to condition that

not. This is further subject to condition

upon clubbing only imports made within 30

that upon clubbing only imports made

months from the date of issue of earliest

within 30 months from the date of issue of

authorisation             shall      be         considered.        Any

earliest authorisation shall be considered.

imports made beyond 30 months of earliest

Any imports made beyond 30 months of

authorisation             shall           be regularized under

earliest authorisation shall be regularized

Para 4.49 of the HBP.

under Para 4.49 of the HBP. This is further subject to condition that upon clubbing only exports made within 48 months from the date of issue of earliest authorisation shall be considered. Any exports made beyond 48 months of earliest authorisation shall not be acceptable for clubbing.

 

Effect of the Public Notice: Para 4.36 of the Handbook of Procedures 2023 has been amended, to ease the clubbing provisions in respect of Advance Authorization Scheme, for ease of doing business.

 

X

 

Please fill the form to connect with our expert



Privacy Policy

whatsapp chat with unique exim