Zonal Head Advises Not to Issue SHIS for Basic Chemicals Pending Clarification on Scope

The following Circular was issued by the DGFT Mumbai Zonal Office on 24th September 2010.

[DGFT Trade Notice No. 02 dated 24th September 2010]

Attention of all concerned is invited to Para 3.16.4 of Foreign Trade Policy, 2009-14 wherein “basic chemicals (excluding Pharma products)” has been mentioned as one of the sectors eligible for Status Holder Incentive Scheme (SHIS).

There is lack of clarity as to which export products get covered under the category of Basic Chemicals.

The matter is under reference to Policy Division of head office of Directorate General of Foreign Trade, New Delhi. Pending receipt of clarification from Policy Division of headquarters, all concerned are advised not to issue SHIS in respect of exports under the above mentioned sector, ie. Basic Chemicals (excluding Pharma products).

This issues with the approval of competent authority.