The Directorate General of Foreign Trade (DGFT) issued a Trade Notice No. 03/2024 dated 10.05.2024 regarding applicability of notification no. 71/2023 dated 11.03.2024.
This Directorate is in respect of various representations regarding applicability of provisions of Notification no. 69/2023 dated 07.03.2024, subsequently superseded by Notification. no. 71/2023 dated 11.07.2024, for Advance Authorizations issued prior to the date of the aforesaid notification.
2. In this regard, it is cleared as under:
i. The provisions of Notification no. 71/2023 dated 11.03.2024 are not applicable retrospectively. The AA issued before 11.03.2024 will be governed by the provisions as existed at the time of issuance of those AA.
ii. Facility for amendment to incorporate QCO exemption on such AA already issued before 11.03.2024, is not available.
iii. The facility of clubbing of Advance Authorizations issued under the provisions of Notification No. 71/2023 dated 11.03.2024 with Advance Authorizations issued before the date of the aforesaid notification shall not be available.
3. This Trade Notice is issued will be approval of the Competent Autority.
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