Exportable items on free of cost basis by status holders, revised by DGFT
The Dollar Business Bureau The Central government has amended Chapter 3 of FTP 2015-2020. In notification no: 23/2015-2020, dated August 23, the Directorate General of Foreign Trade has said that prior to the notification, status holders were entitled to export freely exportable items on free of cost basis for export promotion subject to an annual limit of Rs. 10 lakh or 2% of average annual export realisation during preceding three licensing years, whichever is lower. With the amendment in para 3.24 (j) of Chapter 3 of FTP 2015-2020, status holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject to an annual limit of Rupees one Crore or 2% of average annual export realization ...
