Last date for filing of applications and applicability of late cut for Schemes under Chapter 3 of FTP, clarification thereof

GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE

UDYOG BHAVAN, NEW DELHI-110011

Policy Circular No. 27 (RE-2008) / 2004-2009                                 Dated:  14^th August, 2008

To
All Licensing Authorities

Subject:           Last date for filing of applications and applicability of late cut, for Schemes under Chapter 3 of FTP, clarification thereof.

      Attention is invited to VKGUY, FMS and FPS Schemes under Chapter 3 of FTP. In this regard, it has been decided that:

1.   For exports made from 1-4-2006 till 31-3-2008 that have already been realized up to 31-3-2008, the last date for filing the application for obtaining benefits under Chapter 3 of the Foreign Trade Policy will be 30.11.2008, and if the realization is after 31.3.2008, then the last date for filing the application will be as per the provisions of Para 3.23.10 of HBP Vol. 1 (RE-2008) as amended vide Public Notice No.64 (RE-2008) / 2004-2009 dated 14.8.2008.

 2.    Further, it is clarified that late cut, in terms of Para 3.23.2 HBP Vol. 1 (RE-2008) read with Para 9.3 of HBP Vol. 1 (RE-2008), shall be applicable for applications filed after the prescribed last date as above, even for exports made from 1.4.2006 till 31.3.2008.

     This issues with the approval of the DGFT.

Sd/-

(Satyan Sharda)
Joint Director General of Foreign Trade

(Issued from File No: 01/94/180/850/AM09/PC-3)