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Amendments in Foreign Trade Policy 2015-20 -reg

Updated on:18th Oct, 2017
Notification  No 34/2015-2020 New Delhi, Dated: 18October,  2017  Subject:  Amendments in  Foreign Trade Policy 2015-20 -reg  S.O. (E):  In exercise of powers conferred  by Section 5 of FT (D&R) Act,  1992,  read with paragraph  1.02 of the Foreign Trade Policy,  2015-2020,  as amended from time to time, the Central Government hereby makes following  amendments in  Foreign Trade Policy 2015-20.  1.  Existing  Para 4.41 (iii)  reads as under: Four Star Export House from Gems & Jewellery sector and  Five Star Export House from any sector may be recognized as Nominated Agency by Regional Authority.  2.    Para 4.41(iii)  is amended  to read as under: Notwithstanding any  provision  relating  to  import of gold  by Nominated Agencies  under Foreign  Trade  Policy  (2015-2020), the import of gold by Four Star  and  Five  Star  Houses  with  Nominated  Agency  Certificate  is subjected  to actual  user condition and  are  permitted  to import gold  as input  only  for  the  purpose  of  manufacture  and  export  by  themselves during   the    remaining    validity    period    of   the    Nominated    Agency certificate.  Effect  of this  Notification:   Henceforth no  Nominated Agency  Certificate shall  be issued/  renewed  for  Four  Star  Export  House  and  Five  Star  Export  House  status holders.  Import of gold  by Four Star and  Five Star Houses with existing Nominated Agency Certificate  is  subjected  to Actual user condition  and are permitted  to import gold  as input  only for the purpose  of  manufacture  and export by themselves during the remaining validity period  of the Nominated Agency certificate
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