Home India Ministry of Commerce and Industry Amendment in Import Policy Artemia Cyst under ITC (HS) Code ...
Date: 2022-08-25 Category: Extra Ordinary State: Union Government Country: India

Amendment in Import Policy Artemia Cyst under ITC (HS) Code 0511 91 40 of Chapter 05 of ITC (HS), 2022, Schedule I (Import Policy)

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

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Executive Summary & Key Takeaways

## Policy Analysis Report: Amendment to Import Policy for Artemia Cyst (ITC HS 0511 91 40) **1. Executive Summary:** This report analyzes an amendment to the import policy concerning Artemia Cyst under ITC HS Code 0511 91 40, as outlined in Notification No. 28/2015-2020, dated August 25, 2022. The amendment, issued by the Directorate General of Foreign Trade (DGFT), revises the import policy for Artemia Cyst from "Restricted" to "Free." This change is likely intended to facilitate easier access to this product for relevant industries and stakeholders. **2. Introduction:** The purpose of this report is to provide a comprehensive overview of the amendment to the import policy for Artemia Cyst (ITC HS Code 0511 91 40), as detailed in the provided government notification. This analysis focuses solely on the information presented within the document. **3. Policy Overview:** This notification amends the existing Foreign Trade Policy (FTP) 2015-2020, as amended from time to time. The core objective of this amendment, as inferred from the text, is to liberalize the import of Artemia Cyst. **4. Background and Rationale:** The amendment revises the import policy of Artemia cyst. The reason for the amendment seems to be the removal of import restrictions. The shift from "Restricted" to "Free" suggests a policy adjustment aimed at facilitating trade and possibly addressing supply constraints or reducing import costs for end-users. **5. Key Provisions / Changes:** This notification introduces a single, but significant, change: * **Specific Part of Original Policy Changed:** The import policy for Artemia Cyst under ITC HS code 05119140. * **New Rule/Provision:** The import policy for Artemia Cyst (ITC HS Code 0511 91 40) is revised to "Free." * **Effect of Change:** Previously, importing Artemia Cyst required specific permissions or licenses, making the process more complex and potentially time-consuming. Under the amended policy, Artemia Cyst can now be imported without these restrictions, streamlining the process and potentially lowering costs. **6. Target Audience and Stakeholders:** The primary target audience and stakeholders affected by this amendment are businesses and individuals involved in: * Importing Artemia Cyst. * Industries that use Artemia Cyst as an input (e.g., aquaculture). **7. Implementation Aspects (Inferred):** * **Responsible Agency:** The Directorate General of Foreign Trade (DGFT) is the responsible agency, as indicated by the notification's origin and the Director General's signature. * **Timelines/Procedures:** The notification is effective from the date of its issuance (August 25, 2022). No specific procedures are detailed in the text, but it can be inferred that importers can now import Artemia Cyst without needing to adhere to restricted trade requirements. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of this amendment is to: * Increase the availability of Artemia Cyst. * Reduce import costs and administrative burdens for importers. * Potentially benefit industries that rely on Artemia Cyst, such as aquaculture, by improving access to this critical input. **9. Conclusion:** The amendment to the import policy for Artemia Cyst, as detailed in Notification No. 28/2015-2020, represents a significant liberalization of trade in this commodity. The shift from "Restricted" to "Free" is expected to streamline import processes, reduce costs, and ultimately benefit industries that rely on Artemia Cyst.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A trade policy referenced in the notification. Foreign Trade Development and Regulation Act, 1992: A law that confers powers to the central government for amending import policies. Central Government: The governing authority that amends the import policy. ITC HS 2022: Indian Trade Classification (Harmonized System) Schedule, a classification system for goods. Specifically refers to Chapter 05 and code 0511 91 40. Artemia Cyst: A type of aquatic animal product whose import policy is being amended. Santosh Kumar Sarangi: Director General of Foreign Trade and Ex-Officio Additional Secretary. Directorate General of Foreign Trade: The organization headed by Santosh Kumar Sarangi. Ministry of Commerce and Industry: The government ministry overseeing the Department of Commerce and the Directorate General of Foreign Trade. Department of Commerce: A department under the Ministry of Commerce and Industry. New Delhi: The location of the Directorate General of Foreign Trade notification, New Delhi, Delhi, India.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-25082022-238389 xxxGIDHxxx CG-DL-E-25082022-238389 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.ं 3847] नई दिल्ली, बृहस्ट्प जतवार, अगस्ट्त 25, 2022/भाद्र 3, 1944 No. 3847] NEW DELHI, THURSDAY, AUGUST 25, 2022/BHADRA 3, 1944 ubZ fnYyh] 25 vxLr] 2022 .—le;≤ ij ;Fkk la'kkfs/kr fons'k O;kikj uhfr] 2015&2020 ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr fons'k O;kikj ¼fodkl ,o a fofu;eu½ vf/kfu;e] 1992 dh /kkjk 3 vkSj /kkjk 5 }kjk iznr 'kfDr;ka s dk iz;ksx djr s gq,] dsæa ljdkj ,rn~}kjk vkbZVhlh ¼,p,l½] 2022] vuqlwph&A ¼vk;kr uhfr½ ds v/;k;&05 ds vkbZVhlh ¼,p,l½ dkMs 0511 91 40 dh vk;kr uhfr es a fuEukuqlkj la”kks/ku djrh gS% 05119140 vkVZsfe;k flLV izfrcfa/kr eqDr vkbZVhlh ¼,p,l½ 05119140 ds rgr vkVsZfe;k flLV dh vk;kr uhfr dks ^izfrcfa/kr* ls la”kksf/kr dj ^eqDr* fd;k x;k gSA [Qk- la- 01@89@180@fofo/k&48@,,e&06@ihlh&2¼,½@bZ&1428] lark’sk dqekj lkjaxh] egkfuns'kd fons'k O;kikj vkSj insu vij lfpo 5750 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 25th August, 2022 No. 28/2015-2020 Subject : Amendment in Import Policy Artemia Cyst under ITC (HS) Code 0511 91 40 of Chapter- 05 of ITC (HS), 2022, Schedule-I (Import Policy) S.O. 4021(E).—In exercise of powers conferred by Section 3 and section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2015-2020, as amended from time to time, the Central Government hereby amends the import policy of ITC (HS) 05119140 of Chapter 05 of ITC (HS) 2022, Schedule 1 (Import Policy) as under: ITC (HS) Code Description Existing Import Policy Revised Import Policy 05119140 --- Artemia cyst Restricted Free Effect of this Notification: The import policy of artemia cyst under ITC (HS) 05119140 is revised from ‘Restricted’ to ‘Free’. [F. No. 01/89/180/MISC-48/AM-06/PC-2(A)/E-1428] 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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