FTP -Revalidation of Authorisation

By Vijay Kumar

DGFT has amended paragraph 4.47(a)(ii) of Handbook of Procedures 2015-20 stipulating that While allowing waiver of Bond for exports made first (before effecting imports) on pro-rata basis, Regional Authority may revalidate the Authorization in continuation for further six months for replenishment of inputs used in manufacture of export item's from the date of endorsement provided applicant has made a specific request in ANF 4D and paid requisite fee for revalidation. It will be further subject to condition that the applicant had not obtained revalidation earlier in terms of Para 4.41(a) of HBP 2015-20.

DGFT Public Notice No. 17/2015-2020., Dated June 08 2016