Notification No: 9 /2015-2020
New Delhi, the 4th June 2015
Subject: Amendment in Para 3.24 (j) of Chapter-3 of FTP 2015-2020
S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy, 2015-2020, the Central Government hereby makes the following amendments in the Foreign Trade Policy (FTP) 2015-2020 with immediate effect:
Amendment in Para 3.24 (j) of Chapter 3 of FTP 2015-2020
Amended Para 3.24 (j) of Chapter-3 of FTP 2015-2020 shall read as under:
“3.24 Privileges of Status Holders :
(j) “Status holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject to an annual limit of Rs. 10 lakh or 2% of average annual export realisation during preceding three licensing years, whichever is lower”.
Effect of this Notification: Entitlement of Status Holders to export freely exportable items on free of cost basis has been limited with immediate effect.
(Pravir Kumar )
Director General of Foreign Trade
( Issued from File No. 01/61/180/59/AM16/PC-3)