CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)

Jhansi Castle, 4th Floor, 7 Cooperage Road, Mumbai - 400 001.India.

Tel : +91 22 22021288 / * Fax : +91 22 22026684

* E-mail : info@chemexcil.gov.in Web : https://chemexcil.in

EPC/LIC/DGFT

28th August  2017

ALL MEMBERS OF THE COUNCIL

Dear Members,

The O/o DGFT New Delhi has issued Notification No: 23/2015-2020 dated 23^rd August, 2017 regarding revision of Entitlement to export freely exportable on free of cost basis by Status Holders.

As you are aware, as per Existing Para 3.24 (j) of Chapter-3 of FTP 2015-2020, status holders are 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-.

However, in line with changing requirements of International Trade, the entitlement to export freely exportable on free of cost basis by Status Holders has been revised as follows:

“Status holders shall be entitled to export freely exportable items (excluding Gems and Jewellery, Articles of Gold and precious metals) on free of cost basis for export promotion subject to an annual limit of Rupees One Crore or 2% of average annual export realization during preceding three licensing years, whichever is lower. Such free of cost supplies shall not be entitled to Duty Drawback or any other export incentive under any export promotion scheme."'

Members are requested to kindly take of this revision. You may also refer to the Notification No: 23/2015-2020  dated  23 August, 2017 available on below link:

http://dgft.gov.in/Exim/2000/NOT/NOT17/Signed%20Notification%2023%20dated%2023%20August%202017%20English%20Scanned.pdf

Thanking You,

Yours faithfully,

(S.G. BHARADI)

Executive Director

CHEMEXCIL