FTP - Applicability of provisions of para 4.1.15 of FTP
IN view of the above notification, DGFT has specified the applicability of para 4.1.15 of the Foreign Trade Policy 2009-2014, as follows:
1. Where both export and import have been completed prior to 1.8.2013, such cases will not be covered under Notification No. 31 dated 1.8.2013 (as amended), irrespective of whether the concerned authorization (AA/DFIA) has been redeemed or not.
2. If only export has been fully completed / partly completed before 1.8.2013, then the corresponding import would be allowed subject to an undertaking from the authorization holder, that the inputs which have been actually used in the product already exported shall only be imported.
3. If the DFIA has been endorsed as ‘transferable' by the concerned RA, before 1.8.2013, the provisions of Notification No. 31 dated 1.8.2013 (as amended) will not be applicable to such DFIA.
4. For every export made on or after 1.8.2013 provisions of para 4.1.15 of FTP shall apply. It is immaterial whether for such export, corresponding import has already been made (fully or partly) or import has not been made.
DGFT Public Notice No. 35/(RE-2013)/ 2009-2014, Dated: October 30, 2013 .