Central
Amendment in the Chapter- I of FTP 2015-2020.
Updated on:28th May, 2018
Notification No: 9/2015-2020 New Delhi, the 28 May, 2018 Subject: Amendment in the Chapter- I 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 2015-2020. The following Para is inserted after Para 1.40 in Chapter I of the FTP 2015-20 w.e.fOl.04.2015. "1.4 l. With a view to expand employment opportunities, certain special focus initiatives for Handlooms, Handicraft, Leather, Marine, Sports Goods and Toys sectors are required. These sectors are being provided the following duty free ( only basic customs duty free with effect from O l.07.2017) entitlements: 1. Handlooms a. Duty free import entitlement of specified trimmings and embellishments upto 5% of FOB value of exports during previous financial year. Handloom and made ups are included for the entitlement. b. Duty free import entitlement of hand knotted carpet samples upto 1 % of FOB value of exports during previous financial year. 11. Handicrafts a. Duty free import entitlement of tools, trimmings and embellishments upto 5% of FOB value of exports during previous financial year. Entitlement shall extend to merchant exporters tied up with supporting manufacturers. b. Handicraft EPC is authorized to import trimmings, embellishments and consumables on behalf of those exporters for whom directly importing may not be viable
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