FTP - Advance Authorization for export of an item prohibited for export - HOP Amended
DGFT has consequently amended paragraph 4.4.1 of the Handbook of Procedures Vol. I 2009-14 (RE 2012) to stipulate that:
Items covered under Chapter 7 and Chapter 15 of ITC (HS) Schedule 2, which are prohibited for export, shall be allowed to be exported under the advance authorization scheme. Export shall be allowed subject to pre-import condition under notified SION/prior fixation of norms by Norms Committee in terms of Para 4.4.2 of HBPVol.1. Import/Export would be permitted only through EDI enabled ports.
The Export obligation period (EOP) of advance authorizations issued for such items will be 90 days from the date of clearance of import consignment and no extension in EOP shall be allowed. Such import shall be subject to actual user condition and no transfer of imported raw material, for any purpose, including job work, shall be permitted. In case of non-fulfilment of EO/ non-achievement of stipulated value addition, a penalty equal to five times of the CIF value of the imported material, corresponding to the shortfall in EO, shall be imposed in addition to the applicable duty and interest.
DGFT Public Notice No. 37/(RE-2013)/ 2009-2014, Dated: November 14, 2013