FTP - Export of items on free of cost basis
GOVERNMENT has amended the Foreign Trade Policy 2015-2020 para 3.24(j) to limit the Entitlement of Status Holders to export freely exportable items on free of cost basis.
The para now reads as:
(j) Status holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject to an annual limit of Rs. 10 lakh or 2% of average annual export realisation during preceding three licensing years, whichever is lower. (This was higher earlier).
Similar amendment is also made in para 2.84 of the Handbook of Procedures (HBP) 2015-20
DGFT Notification No.9/2015-2020 ., Dated June 04 2015
DGFT Public Notice No.18/2015-2020 ., Dated June 04 2015