Amendment in Appendix 6B of FTP HBP2023 Regarding

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-04062024-254524 EXTRAORDINARY PART I-Section 1 PUBLISHED BY AUTHORITY No. 146] NEW DELHI, MONDAY, JUNE 3, 2024/JYAISHTHA 13, 1946 3344 GI/2024 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (Directorate General of Foreign Trade) Public Notice No. 08/2024-25 New Delhi, the 3rd June, 2024 Subject: Amendment in Appendix - 6B of FTP/HBP,2023. Regarding In exercise of the powers conferred under Paragraphs 1.03 and 2.04 of the Foreign Trade Policy, 2023, the Director General of Foreign Trade hereby amends Para 10 (ii) of Appendix – 6B of FTP/ HBP, 2023. The amendment in Appendix 6B is as follows: +-----------------------------------------------------------------------------+-----------------------------------------------------------------------------+ | Existing Paragraph | Amended Paragraph | +=============================================================================+=============================================================================+ | (10) SPICES (COVERED BY CHAPTER 9 OF THE | (10) SPICES (COVERED BY CHAPTER 9 OF THE | | ITC(HS) CLASSIFICATIONS OF EXPORT & | ITC(HS) CLASSIFICATIONS OF EXPORT & | | IMPORT ITEMS: | IMPORT ITEMS: | | | | | (ii) A minimum value addition of 25% shall have to be | (ii) A minimum value addition of 25% shall have to | | fulfilled. | be fulfilled in the case of spices only where both | | | export as well as import items pertain to Chapter 9 of | | | the ITC(HS) Code. | | | | | | (iii) In all other cases the value addition will be 15% | +-----------------------------------------------------------------------------+-----------------------------------------------------------------------------+ 2. Effect of this Public Notice: To bring parity with provisions of Chapter 4 of the FTP/HBP regarding value addition for spices covered under Chapter 9 of the ITC(HS) Code, the provisions of Chapter 6 of the FTP/HBP (Appendix 6B) are being amended to the extent that in the case of spices, a minimum value addition of 25% shall have to be fulfilled only where both export as well as import item pertains to Chapter 9 of ITC(HS) Code. In all other cases, the value addition will be 15%. [F.No. 01/92/180/92/AM24/PC-6/E-38426] SANTOSH KUMAR SARANGI, Director General of Foreign Trade Ex-Officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. RAVINDER KUMAR Digitally signed by RAVINDER KUMAR Date: 2024.06.04 13:42:47 +05'30'