The Directorate General of Foreign Trade (DGFT) has incorporated a new provision in the Aayat Niryat Forms of the Foreign Trade Policy (FTP) 2015-20, with the view to enable the Board of Approval to consider and decide the cases for extension of Letter of Permission of existing Export Oriented Units (EOUs).
“An enabling provision has been incorporated in paragraph (7) of Appendix 6-B of Appendices and Aayat Niryat Forms of FTP 2015-20,” DGFT said in a notification.
Earlier, activities pertaining to reprocessing of garments/ used clothing /secondary textiles materials / clipping/ rags/ industrial wipers/shoddy wool/ yarn/ blankets/ shawls and other recyclable textile materials were not allowed under EOU schemes.
Now, according to the DGFT notification, “Activities pertaining to reprocessing of garments/ used clothing /secondary textiles materials / clipping/ rags/ industrial wipers/shoddy wool/ yarn/ blankets/ shawls and other recyclable textile materials will not be allowed under EOU schemes. Provided that extension of Letter of Permission for an existing unit shall be decided by the Board.”
Source:knnindia.co.in
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