Indian Tax Solution

DGFT PUBLIC NOTICE NO.40/2015-2020, Dated: November 13, 2017

DGFT PUBLIC NOTICE NO.40/2015-2020, Dated: November 13, 2017

Subject: Amendment in Para 5.03(a) of the Handbook of Procedure (HBP) of Foreign Trade Policy 2015-20 and addition of new Para C in Appendix 5A of Appendices and Aayat Niryat Forms of FTP 2015-20.

In exercise of powers conferred under Paragraph 1.03 of the Foreign Trade policy 2015-20, the Director General of Foreign Trade amends sub Para 5.03(a) of the Handbook of Procedure of Foreign Trade Policy 2015-20 and adds Para C to Appendix 5A of the Aayat Nirayat Forms of FTP 2015-20 with immediate effect (Changes made are in bold letters)

2. The amended sub Para 5.03(a) of Handbook of Procedure of Foreign Trade Policy 2015-20 shall read as under:

Para 5.03 (a) RA concerned shall, on the basis of nexus certificate from an Independent Chartered Engineer (CEC) submitted by the applicant in Appexndix 5A, issue EPCG authorisation, Reasonable wastage, if any, anticipated at the time of installation of capital goods will also be certified by the Chartered Engineer in the nexus certificate and the same would be mentioned in the condition sheet of the EPCG authorisation at the time of issue. For issuance of such certificate, the Chartered Engineer shall act only in the domain of his/her competence.

3. A new Para C is added after Para B of Appendix 5A of the Aayat Niryat Forms of FTP 2015-20 as under:

C. I have necessary competence in the relevant domain/field to issue this certificate.

4. Effect of this Public Notice: A Chartered Engineer shall act only in the domain of his/her competence for issuance of nexus certification under EPCG Scheme.

[Issued from file No.18/03/AM-18/P-5]

(Alok Vardhan Chaturvedi)
Director General of Foreign Trade

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