SME: 'Ad hoc norms valid for 3 yrs or till March 31, whichever is later'

So, the norms approved in 2017 will be valid till 31.03.2022 and the norms approved in 2020 will be valid for three years from the date of approval

We have been taking advance authorisation under Para 4.07 of HBP based on ad hoc norms approved by the Norms Committee in 2017 for one export product, and in 2020 for another export product. How long can we continue to do so?

As per para 4.12 (vi) of HBP, “Norms ratified by any Norms Committee (NC) in the o/o DGFT on or after 01.04.2015 in respect of any Advance authorisation obtained under paragraph 4.07, shall-be valid for the entire period of the Foreign Trade Policy i.e. up to 31.03.2022 or for a period of three years from the date of