FTP - Preferential Treatment for Status Holders - Time Limit
THE Para 3.24 of the new Foreign Trade Policy 2015-20 provides for certain privileges and preferential treatment for the Status Holders. As per sub para (g) of Para 3.24 of FTP, status holders would be entitled to preferential treatment and priority in handling of their consignments.
DGFT has now fixed the following shortened time lines for issue of advance authorisation and its subsequent amendments to the status holders:
S. | Category of Status Holders | Nature of Application | Timeline for disposal |
|---|---|---|---|
1 | 5 Star and 4 Star Status Holders | 1. Advance Authorisation (where input norms are notified) | 1 day |
2 | 3 Star, 2 Star and | 1. Advance Authorisation (where input norms are notified) | 2 days |
But how do you determine the Status?
03 06 2015 had asked this question and we are still waiting for a clarification from DGFT.
DGFT Trade Notice No. 04/2015., Dated: June 08, 2015