image

DGFT amends import policy conditions of Urea under ITC(HS), 2017

To be published in the Gazette of India Extraordinary Part- II, Section- 3, Sub Section (ii)

Government of India

Ministry of Commerce & Industry

Department of Commerce

Udyog Bhawan, New Delhi

Notification No. 30/2015-2020

Dated the 26 September, 2017

 

Subject: Amendment in import policy condition of Urea under ITC (HS) code 3102 10 00 of Chapter

31 of ITC (HS), 2012 – Schedule – 1 (Import Policy).

S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of

the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the

Import Policy of Urea under ITC (HS) code 3102 1000 of Chapter 31 of ITC (HS), 2017- Schedule- 1 (Import Policy).

2. On amendment, the ITC (HS) code 3102 10 00 will read as:

ITC (HS) Code Item Existing Policy Policy  condition

Revised Policy Condition

3102 10 00

Urea, whether or not in aqueous solution State Trading Enterprise. However, import of Industrial Urea / Technical Grade Urea (TGU) shall be free. STC, MMTC, and Indian Potash Limited subject to para 2.11 of Foreign Trade policy

STC, MMTC and Indian Potash Limited subject to para 2.20 of Foreign Trade policy.

In addition, Rashtriya Chemicals & Fertilizers (RCF) and M/s National Fertilizer Limited (NFL) are permitted to import urea only for three months, from the date of this notification.

 

3. Effect of this Notification: In addition to the existing STEs, M/s I and M/s NFL are permitted to import urea

only for three months with effect from the date of this notification.

(Alok Vardhan Chaturvedi)

Director General of Foreign Trade

E-mail: dgft@nic.in

[Issued from File No. 01/89/180/102/AM-02/PC-2 (A)]

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates