Home India Ministry of Commerce and Industry Amendment in Export Policy of Nitrile/NBR Gloves...
Date: 2020-10-22 Category: Not Applicable State: Union Government Country: India

Amendment in Export Policy of Nitrile/NBR Gloves

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

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Executive Summary & Key Takeaways

**Summary:** This notification, No. 42 (2015-2020) dated October 22, 2020, issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India, amends the export policy of Nitrile/NBR Gloves. The notification modifies Notification No. 29 dated August 25, 2020, and revises the export policy for Nitrile/NBR Gloves, classified under specified ITCHS codes (392690 and 4015) or any other HS Code, from "Prohibited" to "Restricted." This amendment is enacted under the powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992, read with Para 2.01 of the Foreign Trade Policy, 2015-2020. For further information, contact the Director General of Foreign Trade at dgft@nic.in.

Key Entities Referenced

Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and commerce. Directorate General of Foreign Trade: The agency of the Ministry of Commerce and Industry responsible for implementing the Foreign Trade Policy. Udyog Bhawan, New Delhi: The location of the Directorate General of Foreign Trade in New Delhi. Foreign Trade Development and Regulation Act, 1992: An act of the Parliament of India to provide for the development and regulation of foreign trade. Foreign Trade Policy, 2015-2020: The policy document outlining the guidelines and objectives for India's foreign trade. Nitrile/NBR Gloves: The specific product whose export policy is being amended. Notification No. 29 dated 25.08.2020: Previous notification that is being amended by this notification regarding the export policy of Nitrile/NBR Gloves. ITCHS: Indian Trade Classification (Harmonised System). Schedule 2 of ITCHS defines export policy related to export of Nitrile/NBR Gloves
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(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 Directorate General of Foreign Trade Udyog Bhawan New Delhi Notification No. 42 /2015-2020 New Delhi, Dated: 22TM October 2020 Subject: Amendment in Export Policy of Nitrile/NBR Gloves. 5.0. (E) In exercise of powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 2.01 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes the following amendment in the Notification No. 29 dated 25.08.2020 amending the Schedule 2 of the ITCHS Export policy related to export of Nitrile/NBR Gloves as per the product description given below: S.No. |ITCHS Codes Description Present Policy Revised Policy 392690 Nitrile/NBR Gloves Prohibited Restricted ex 4015 : : 2. Effect of this Notification: The Notification No. 29 dated 25.08.2020 is amended to the extent that the export policy of Nitrile/NBR Gloves exported under above mentioned HS Codes or any other HS Code is revised from "Prohibited" to "Restricted" category. (Am2 i2 t] y 1 a0 dayoee Director General of Foreign Trade Ex-Officio Additional Secretary, Government of India E-mail: dgft@nic.in

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