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

DGFT Issues Amendments to FTP 2023 and Enables Exemptions for Inputs Imported by AA Holders, EOUs, and SEZs from Mandatory QCOs

11-Mar-2024 | 71/2023

The DGFT has issued amendments to the Foreign Trade Policy (FTP), 2023, effective from 11th March 2024.

By virtue of the amendment, enabling provisions are made for exempting inputs imported by Advance Authorisation holders, EOUs and SEZ from mandatory Quality Control Orders (QCOs). Accordingly, a list of Ministries / Departments [i.e. Ministry of Steel, Department for Promotion of Industry and Internal Trade (DPIIT), and Ministry of Textiles] are notified in Appendix 2Y of FTP, 2023.

Note: These amendments supersede the earlier Notification No. 69/2023 dated March 07, 2024, and are aimed at facilitating the import of inputs subject to mandatory Quality Control Orders (QCOs) by holders of Advance Authorisations, Export Oriented Units (EOUs), and Special Economic Zones (SEZs).

For detailed information, please refer to the attached document.

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