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Date: 23-Jun-2023 Category: Extra Ordinary State: Union Government Country: India

Amendment in Export policy of HS Code 2610.

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

What it means

  • The gazette notification issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, amends the export policy for items under HS Code 2610 related to Chromium Ores and Concentrates.
  • The notification places all export items under HS Code 2610 under the 'restricted' category with immediate effect.

Key Changes

  • The export policy for various categories of Chromium Ore and Concentrates under HS Code 2610 has been revised.
  • Chrome ore lumps containing 47% Cr2O3 and above (HS Code 26100010) are now under the 'Restricted' export policy.
  • Chrome ore lumps containing 40% or more but less than 47% Cr2O3 (HS Code 26100020) are now under the 'Restricted' export policy.
  • Chrome ore lumps below 40% Cr2O3 (HS Code 26100030) which were earlier under STE (State Trading Enterprise) export through MMTC Limited are now under 'Restricted' export policy.
  • Chrome ore friable and concentrates fixes containing 47% Cr2O3 and above (HS Code 26100040) which were earlier under STE export through MMTC Limited under Authorisation are now under 'Restricted' export policy.
  • Other Chromium Ores and Concentrates (HS Code 26100090) which were earlier under STE export through MMTC Limited are now under 'Restricted' export policy.

Impact Analysis

Chrome Ore Exporters

  • Action Item: Contact DGFT to understand the process of obtaining required permissions.

MMTC Limited

  • Action Item: MMTC Limited needs to re-evaluate its business strategy related to Chrome Ore exports in light of the new policy.

Downstream Industries

  • Action Item: Downstream industries should explore alternative sourcing options and assess the impact on their production costs.

Government Revenue

  • Potential impact on export revenue due to restricted exports. The government needs to monitor the impact on export volumes and revenue and adjust policies as needed.

Key Entities Referenced

Directorate General of Foreign Trade (DGFT): The issuing authority for the notification, responsible for foreign trade policy. Ministry of Commerce and Industry: The parent ministry of DGFT, responsible for formulating and implementing trade policies. Foreign Trade (Development & Regulation) Act, 1992: The Act that empowers the Central Government to make provisions relating to export and import. Foreign Trade Policy, 2015-20: The prevailing foreign trade policy that guides export and import regulations. HS Code 2610: The Harmonized System code for Chromium Ores and Concentrates. MMTC Limited: A State Trading Enterprise (STE) that was previously involved in the export of certain categories of Chrome Ore.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-23062023-246778 xxxGIDHxxx CG-DL-E-23062023-246778 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 2635] नई दिल्ली, िुक्रवार, िनू 23, 2023/आषाढ़ 2, 1945 No. 2635] NEW DELHI, FRIDAY, JUNE 23, 2023/ASHADHA 2, 1945 अजधसचू ना नई दिल्ली, 22 िून , 2023 का.आ. 2755(अ).—fon's k O;kikj uhfr] 2023 ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr] ;Fkkla'kksf/kr fons'k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e] 1992 ¼1992 dh la- 22½ dh /kkjk 5 ds lkFk ifBr /kkjk 3 }kjk iznÙk “kfDr;ks a dk iz;ksx djrs gq, dsUnz ljdkj ,rn~}kjk Økes v;Ld ls lacaf/kr ,p,l dksM 2610 ds rgr enksa dh fu;kZr uhfr dk s fuEukuqlkj la'kksf/kr djrh gS% 2610 Øksfe;e v;Ld vkSj dkUlUVsªV 26100010 Økse v;Ld yEIl] ftleas Cr O eäq - 108d 2 3 47% vkSj blls vf/kd gksA izkf/kdkj i= ds rgr fu;kZr dh 108[k 26100020 Økse v;Ld yEIl ftleas 40% ;k eäq - vuqefr gSA blls vf/kd ysfdu 47% ls de Cr O gkAs 2 3 3988 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 109 26100030 Økse v;Ld yEiLk ftleas Cr O ,lVhbZ ,e,eVhlh fyfeVsM ds 2 3 40% ls uhps gksA ek/;e ls fu;kZr 110 26100040 Økse v;Ld Ýk;cy vkSj dkUlUVsªV ,lVhbZ ,e,eVhlh fyfeVsM ds fQDlsl ftleaas Cr O 47% vkSj ek/;e ls fu;kZr 2 3 blls vf/kd gksA 111 2610 0090 vU; ,lVhbZ ,e,eVhlh fyfeVsM ds ek/;e ls fu;kZr 2. : ,p,l dksM 2610 ds rgr fu;kZr enks a dk s rRdky izHkko ls izfrcaf/kr Js.kh es j[kk x;k gSA [Qk- la- 01@91@191@120@,,e&23@bZlh@bZ&35147] lark"sk dqekj lkjaxh] egkfuns'kd] fon's k O;kikj ,oa insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 22nd June, 2023 No. 13 /2023 Subject: Amendment in Export policy of HS Code 2610. S.O. 2755(E).—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, the Central Government hereby amends Export Policy of items under HS Code 2610 related to Chrome Ore, as under: S.No. HS Code Item Description Export Policy Revised Revised Policy Policy Condition Export Condition Policy 2610 Chromium Ores and Concentrates 26100010 Chrome ore lumps, containing 47% Cr2O3 Free - Restricted 108A and above 108B 26100020 Chrome ore lumps containing 40% or Free - Restricted more but less that 47% Cr2O3 109 26100030 Chrome ore lumps below 40% Cr2O3 STE Export Restricted through MMTC Limited Export permitted 110 26100040 Chrome ore friable and concentrates fixes STE Export Restricted under Authorisation. containing 47% Cr2O3 and above through MMTC Limited 111 26100090 Other STE Export Restricted through MMTC Limited 2. Effect of the Notification: The export items under HS Code 2610 have been placed under restricted category with immediate effect. [F. No. 01/91/191/120/AM23/EC/E-35147] SANTOSH KUMAR SARANGI, Director General of Foreign Trade Ex-Officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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