Subject: Amendment in Para 3.24 (j) of Chapter-3 of FTP 2015-2020

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

E-mail: dgft@nic.in

( Issued from File No. 01/61/180/59/AM16/PC-3)