Reetu | Mar 15, 2024 |
DGFT Amends Para 4.14 and 4.06 of Export Import Handbook of Procedures 2023
The Directorate General of Foreign Trade (DGFT) has notified amendments in Para 4.14 and 4.06 of the Handbook of Procedures 2023 via issuing a public notice.
The Public Notice read as follows:
In the exercise of powers conferred under Paragraphs 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 amendments in the provisions of Para 4.14 and 4.06 of the Handbook of Procedures 2023:
(A) Under Para 4.14 of HBP 2023, new sub-para (iii) is added as mentioned below:
(iii) Ad-hoc Input Output Norms may also be decided in a rule-based IT environment without reference to the Norms Committee. However, a certain percentage of cases as flagged by the RMS may be referred to the Norms Committee for validation/review.
(B) A new sub-para 4.06 (vii) of HBP 2023 is inserted as below:
4.06(vii) In cases where ad-hoc norms have already been arrived at by the Norms Committee, the Norms Committee may recommend Notification of SION on a case-to-case basis.
Effects of this Public Notice: Para 4.06 and Para 4.14 of the Handbook of Procedures 2023 have been amended to streamline and automate the process of fixation of Norms and Notification of new SIONs under the Advance Authorisation Scheme, for ease of doing business and trade facilitation.
For Official Public Notice Download PDF Given Below:
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