Foreign trade policy - Delayed applications - DGFT clarifications.
As per DGFT PN No. 16/2007 dated 10th July 2007, delayed applications may be considered after a late cut of
1. 2% for Application received after the expiry of last date but within six months from the last date.
2. 5% for Application received after six months from the prescribed date of submission but not later than one year from the prescribed date
DGFT had received references from Regional Authorities on the procedure to be followed.
DGFT now clarifies that
(1) Applications which have not been submitted earlier and are now eligible with late cut may be considered with 2% or 5% cut, as the case may be in terms of amended para 9.3 of HBP.
(2) All time barred, pending or rejected applications which were filed after six months from the expiry of prescribed last date of submission of application, but are now within 12 months of the expiry of last date of submission of application should be processed with 5% late cut.
(3) In all pending cases filed within six months from the last date of submission with 10% cut, the entitlement should be issued with 2% cut.
(4) Similarly in all cases where entitlement was issued after 10.7.2007, requests for enhancement be considered depending on the 2% or as the case may be, 5% cut to be applied.
(5) However, all the cases should be processed only after obtaining/submission of prescribed fees for the revised entitlement.
(6) Those cases, where benefit has already been granted with applicable late cut etc. on or before 10.07.2007, shall not be re-opened and no request for enhancement etc. will be considered.
CIRCULAR NO. , Dated: August 30, 2007