Home India Ministry of Commerce and Industry Amendment in Export Policy of Wheat...
Date: 2022-05-13 Category: Not Applicable State: Union Government Country: India

Amendment in Export Policy of Wheat

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

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Executive Summary & Key Takeaways

**Summary:** This notification, issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India, on May 13, 2022, amends the export policy of wheat, specifically S.No. 59 of Chapter 10 of Schedule 2 of the ITC (HS) Export Policy related to the Export of Wheat. The present policy of "Free" export for Durum wheat (ITC HS Codes 1001), Other wheat (ITC HS Codes 100119 00, 100199, 10019910, 10019920) is revised to "Prohibited". The notification allows for exceptions under specific conditions: A. Export will be permitted for shipments where an Irrevocable Letter of Credit (ICLC) has been issued on or before May 13, 2022, subject to the submission of documentary evidence. B. Export may also be allowed based on permission granted by the Government of India to other countries to meet their food security needs, upon request. This amendment is implemented to manage the overall food security of India and to support the needs of neighboring and other vulnerable countries, addressing concerns arising from a sudden spike in global wheat prices. The notification, identified as No. 06/2015-2020 and File No. 01/91/180/032/AM22/EC/Pt.E-31336, is issued in exercise of powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992, read with Paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020. For further information, contact Santosh Kumar Sarangi, Director General of Foreign Trade & Ex-Officio Additional Secretary, Government of India, 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. New Delhi: The location of the Udyog Bhawan, the office of the DGFT. New Delhi, Delhi. Export Policy of Wheat: The policy being amended by this notification. It pertains to the regulations governing the export of wheat from India. Foreign Trade Policy, 2015-2020: The overarching trade policy framework under which the amendment to the export policy of wheat is being made. ITC HS Codes: The Harmonized System codes used for classifying traded products, specifically in this case, various types of wheat. Wheat: The commodity whose export policy is being amended. The notification prohibits the export of wheat. Santosh Kumar Sarangi: Director General of Foreign Trade and Ex-Officio Additional Secretary, Government of India
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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. 06 /2015-2020 New Delhi, Dated: 13 May, 2022 Subject: - Amendment in the Export Policy of Wheat. S.0.(E) Whereas, there is a sudden spike in the global prices of wheat arising out of many factors, as a result of which the food security of India, neighbouring and other vulnerable countries is at risk: Whereas, the Government of India is committed to providing for the food security requirements of India, neighbouring and other vulnerable developing countries which are adversely affected by the sudden changes in the global market for wheat and are unable to access adequate wheat supplies; Therefore, in order tc manage the overall food security of the country and to support the needs of the neighbouring and other vulnerable countries, the Central Government, in exercise of Rp eo gw ue lr as t ic oo nn )f e Ar cr te ,d 1b 9y 9 2S e (c Nt oi .o n 2 23 r oe fa d 1 9w 9i 2t ),h aS se c at mi eon n d5 e do ,f rt eh ae d F wo ir te hi g Pn a rT ar a 1d .e 0 2( D ae nv de l 2.o 0p 1m e on ft t h& e Foreign Trade Policy, 2015-20, hereby makes the following amendment in the Export Policy of S.No.59 of Chapter 10 of Schedule 2 of the ITC (HS) Export Policy related to Export of Wheat: S.No. | ITC HS Codes Description Present Policy Revised Policy 59 1001 = Durum wheat: Free Prohibited 100119 00 Other 100199 Other 10019910 (Other wheat 10019920 Other 2; The export of the above products/ items, however, shall be allowed under the following conditions: A. As a transitional arrangement, export will be allowed in case of shipments where Irrevocable Letter of Credit (ICLC) has been issued on or before the date of this Notification, subject to submission of documentary evidence as prescribed; orB. tIE hnx edp iio ra r gt t o o vw ei ol rtl h n e mra e l ns c to o sub ,ne t ra il el so tw oe d m eo en t t th he e ib ra s fi os o do f s p ee cur rm ii ts ys i no en e dg sr a an nt de d b ab sy e dt h oe nG o thv ee r rn eqm ue en st t oo ff 3. Effect of this Notification: w PT i ohmh lime ice c hd ye , ix wap 2ito 0lr e l 1t 5 e -bfp e 2fo 0el ac 2i t l 0c l ,y e o x wo c ef e dn w t ah se f o pa r et r s a h tg i ha epi mn pes rnt ot cst e h de f uu l ra f eb i lo olv uie n tg l im t ne h en e d t ci ioo nn n d Pe i ad t r i aoH nS 1s . 0mc 5eo nd (bte )s i o oni fs e d t“ h P eir no Fh oPi rab eri iat g e 2 nd ” a T rbw aoi dvt eeh $2022 (Santosh Kumar Sarangi) Director General of Foreign Trade Ex-Officio Additional Secretary, Government of India E-mail: dgft@nic.in (issued from File No. 01/91/180/032/AM22/EC/Pt,/E-31336 )

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