(TO BE PUBLISHED IN THE GAZETTE
OF IN DIA EXTRAORDINARY
PART-I SECTION -I)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Public Notice 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 of HBP 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:
| CIF VALUE OF ADVANCE AUTHORIZATION (AA) ) LICENSES ISSUED |
COMPOSITION FEE TO BE LEVIED (IN Rs.) |
| Up to Rs. 2 Crores | 25,000 |
| More than RS. 2
Crores to t 10 Crores |
50,000 |
| Above t 10 Crores | 1,00,000 |
No refund of earlier paid Composition Fee shall be admissible.
Effect of this Public Notice: 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 of levying 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.
(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]