FTP - State Trading Enterprises permitted to issue NOC

By Vijay Kumar

The Foreign Trade Policy is amended to permit the State Trading Enterprises to issue ‘NO Objection certificate’, if they so desire, for import by advance licence holder. However, the licensee would be required to file Quarterly Returns of the imports effected against such ‘No Objection certificate’ to the concerned State Trading Enterprises (STEs) and the STEs, in turn, would submit Half-yearly import figures of such imports to the concerned administrative Department for monitoring with a copy endorsed to the Department of Commerce.”

NOTIFICATION NO. 46(RE-2005)/2004-2009, Dated: February 16, 2006