DGFT issued Clarification on Applicability of it’s Notification No. 71/2023

By: Admin
May 10, 2024
Categories: DGFT|Notification And Circular
4 Min Read

The DGFT vide Trade Notice No. 03/2024 dated May 10, 2024 clarifies the applicability of Notification No. 71/2023 dated March 11, 2024. It states that this notification does not apply retrospectively, meaning Advance Authorizations (AAs) issued before March 11, 2024, will follow the provisions in place at their issuance. Additionally, there’s no provision for amending previously issued AAs to include QCO exemptions. Furthermore, AAs issued under Notification No. 71/2023 cannot be combined with those issued before its enactment.

This Directorate is in receipt of various representations regarding applicability of provisions of Notification No. 69/2023 dated March 07, 2024, subsequently superseded by Notification No 71/2023 dated March 11, 2024, for Advance Authorizations issued prior to the date of the aforesaid notification.

In this regard, it is clarified as under:

i. The provisions of Notification No. 71/2023 dated March 11, 2024 are not applicable retrospectively. The AA issued before March 11, 2024 will be governed by the provisions as existed at the time of issuance of those AA.

ii. Facility for amendment to incorporate QCO exemption on such AA already issued before March 11, 2024, is not available.

iii. The facility of clubbing of Advance Authorizations issued under the provisions of Notification No. 71/2023 dated March 11, 2024 with Advance Authorizations issued before the date of the aforesaid notification shall not be available.

The Trade Notice can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/Trade_Notice_No.