Executive Summary:
This notification, issued by the Directorate General of Foreign Trade on October 14, 2021, amends the export policy for diagnostic kits. It revises Notification No. 09/2015-20 dated June 10, 2020, and Notification No. 18/2015-20 dated August 16, 2021, making the export policy of all diagnostic kits and reagents free with immediate effect.
Key Points / Main Content:
* **Amendment:** Revises export policy of diagnostic kits.
* **Legal Basis:** In exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade Development Regulation Act, 1992 No. 22 of 1992, as amended, read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2015-20.
* **Policy Change:** Changes the export policy of certain items from "Restricted" to "Free".
* **Examples:**
* VTM Kits and Reagents
* RNA Extraction Kits and reagents
* RTPCR Kits and reagents
* 15ml falcon tube or cryovials
* Swabs sterile synthetic fibre swabs
* Silicon columns
* Poly adenylic Acid or Carrier RNA
* Proteinase K
* Magnetic stand
* Beads
* Probes specific for COVID19 testing
* Primers specific for COVID19 testing
* Taq Polymerase enzyme
* Reverse transcriptase enzyme
* Deoxy nucleotide triphosphates
* COVID19 Rapid Antigen testing Kits
* **Effective Date:** The change to "Free" export policy is effective immediately.
Impact Analysis:
* **Diagnostic Kit Manufacturers/Exporters:**
* *Impact:* Benefit from the removal of export restrictions, potentially leading to increased export opportunities and reduced regulatory burden.
* *Action Required:* Adjust export strategies to take advantage of the new "Free" export policy, ensuring compliance with any other applicable regulations.
* **Directorate General of Foreign Trade (DGFT):**
* *Impact:* Responsible for implementing and enforcing the amended export policy.
* *Action Required:* Update relevant systems and procedures to reflect the change in export policy and communicate the changes to relevant stakeholders.
Key Entities Referenced
New Delhi: Location of policy notification (New Delhi, Delhi)
Foreign Trade Policy 2015-2020: A policy governing import and export in India, referenced in the notification.
Foreign Trade Development Regulation Act, 1992: An act of the Indian Parliament regulating foreign trade.
Central Government: The executive authority of the Union of India, responsible for implementing the policies.
Diagnostic kits: Subject of the notification, specifically regarding changes to export policies.
COVID19: A disease, diagnostic kits for which are impacted by the export policy changes.
Directorate General of Foreign Trade: The government agency responsible for implementing foreign trade policy in India.
Amit Yadav: Director General of Foreign Trade, Ex-Officio Addl. Secy.