![]() ![]() However, the import through High Sea sales will not be covered under this facility. In case of change of policy from ‘free’ to ‘restricted/prohibited/state trading’ or ‘otherwise regulated’, the import/export already made before the date of such regulation/restriction will not be affected. Bill of Lading and Shipping Bill are the key documents for deciding the date of import and export respectively. The date of import/ export is defined in para 2.17 of HBP 2023. The importability/ exportability of a particular item is governed by the policy as on the date of import/ export. (b) Item wise Import/Export Policy is delineated in the ITC (HS) Schedule I and Schedule II respectively. ![]() (a) Any License/ Authorisation/ Certificate/ Scrip/ instrument bestowing financial or fiscal benefit issued before commencement of FTP 2023 shall continue to be valid for the purpose and duration for which it was issued, unless otherwise stipulated. ![]() Where a specific provision is spelt out in the FTP/Hand Book of Procedures (HBP), the same shall prevail over the general provision. All exports and imports made up to shall, accordingly, be governed by the relevant FTP, unless otherwise specified.Ĭentral Government, in exercise of powers conferred by Section 3 and Section 5 of FT (D&R) Act, 1992, as amended from time to time, reserves the right to make any amendment to the FTP, by means of notification, in public interest.ġ.03 Hand Book of Procedures (HBP) and Appendices & Aayat Niryat Forms (ANF)ĭirector General of Foreign Trade (DGFT) may, by means of a Public Notice, notify Hand Book of Procedures, including Appendices and Aayat Niryat Forms or amendment thereto, if any, laying down the procedure to be followed by an exporter or importer or by any Licensing/Regional Authority or by any other authority for purposes of implementing provisions of FT (D&R) Act, the Rules and the Orders made there under and provisions of FTP.ġ.04 Specific provision to prevail over the general The Foreign Trade Policy (FTP) 2023 incorporating provisions relating to export and import of goods and services, shall come into force with effect from 1 st April, 2023 and shall continue to be in operation unless otherwise specified or amended. The Foreign Trade Policy (FTP) 2023 is notified by Central Government, in exercise of powers conferred under Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.
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