Amendment in Para 2 39 of the Foreign Trade Policy 2023

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-01032024-252499 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 924] NEW DELHI, THURSDAY, FEBRUARY 29, 2024/PHALGUNA 10, 1945 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (Directorate General Of Foreign Trade) NOTIFICATION New Delhi, the 29th February, 2024 No. 62/2023 Subject: Amendment in Para 2.39 of the Foreign Trade Policy, 2023 - reg. S.O. 969(E). In exercise of powers conferred by Section 5 of Foreign Trade (Development &Regulation) Act, 1992, read with paragraph 1.02 of the Foreign Trade Policy, 2023, as amended from time to time, the Central Government hereby amends Para 2.39 of Foreign Trade Policy, 2023 as under: +---------------------------------------------------------------------------------------------------+---------------------------------------------------------------------------------------------------+ | Existing Para | Revised Para | +===================================================================================================+===================================================================================================+ | Merchanting trade involving shipment of goods from one foreign country to another foreign | Merchanting trade involving shipment of goods from one foreign country to another foreign | | country without touching Indian ports, involving an Indian intermediary is allowed subject to | country without touching Indian ports, or shipment of goods within one specific foreign country, | | compliance with RBI guidelines, except for goods/items in the CITES and SCOMET list. | involving an Indian intermediary is allowed subject to compliance with RBI guidelines, except for | | | goods in the CITES, or under SCOMET. | +---------------------------------------------------------------------------------------------------+---------------------------------------------------------------------------------------------------+ Effect of the Notification: Merchanting Trade carried out within one specific foreign country is permitted subject to compliance with RBI guidelines, except for goods listed in the CITES Appendices, or under SCOMET. This is issued with the approval of Minister of Commerce & Industry. [F. No. 01/93/180/40/AM-20/PC-II [B]/E-23463] SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex-officio Addl. Secy.