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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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