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Corporate Laws Central Ministry of Commerce and Industry Foreign Trade (Development and Regulation) Act, 1992

Applicability of Notification No. 71/2023 dated 11.03.2024

10-May-2024 | Trade Notice No. 03/2024

DGFT has issued notification regarding Applicability of Notification No. 71/2023 dated 11th March, 2024.

By virtue of the notification, it is clarified that the provisions of Notification No. 71/2023 dated 11.03.2024 are not applicable retrospectively and Advance Authorizations (AA) issued before 11th March, 2024 will be governed by the provisions as existed at the time of issuance of those AA and facility for amendment to incorporate QCO exemption on such AA is not available.

Also facility of clubbing of AA issued under the provisions of Notification No. 71/2023 dated 11.03.2024 with AA issued before the date of the aforesaid notification shall not be available.

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