**Policy Summary:**
This notification, dated December 8, 2022, issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, amends the import policy condition for copra under Chapter 12 of the ITC (HS), 2022, Schedule – Import Policy. Specifically, it denotifies MMTC (Minerals and Metals Trading Corporation of India) as a State Trading Enterprise (STE) for the import of copra (HS Code 12030000). Consequently, the import of copra under HS Code 12030000 will now be allowed through NAFED (National Agricultural Cooperative Marketing Federation of India) subject to Para 2.20 of Foreign Trade Policy. This amendment is made in exercise of powers conferred by Sections 3 and 5 of the Foreign Trade (Development and Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020. The issuing authority is Santosh Kumar Sarangi, Director General of Foreign Trade and Ex officio Additional Secretary to the Government of India, who can be contacted via email at dgft@nic.in. The notification originates from F. No. 01/89/180/Misc/37/AM07/PC-2[A]/Part-V/E-25648.
Key Entities Referenced
Directorate General of Foreign Trade: An agency of the Ministry of Commerce and Industry responsible for implementing foreign trade policy.
Foreign Trade Development Regulation Act, 1992: An act that confers powers to the Central Government to make provisions relating to import and export.
Foreign Trade Policy, 2015-2020: A policy document outlining guidelines and objectives for promoting and regulating foreign trade.
MMTC: A trading company; formerly Minerals and Metals Trading Corporation of India, previously designated as a State Trading Enterprise (STE) for import of Copra.
Copra: The dried meat or kernel of the coconut, from which coconut oil is extracted. The import policy for copra is amended in the notification.
ITC HS, 2022: Indian Trade Classification (Harmonized System) of Coding, 2022 edition. A classification system used for import and export.
NAFED: National Agricultural Cooperative Marketing Federation of India. An organization that will now be the entity through which import of Copra under HS Code 12030000 shall be allowed.
New Delhi: The location where the notification was issued, likely referring to the city in Delhi state.
[To be published in the Gazette of India Extraordinary Part-I], Section - 3, Sub-Section (ii)]
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan
Notification No. 48 /2015-2020
New Delhi, Dated: 08 December, 2022
Subject: Amendment in Import Policy Condition for de-notifying MMTC as a
STE for import of Copra under Chapter 12 of ITC (HS), 2022,
Schedule-| (Import Policy).
$.O. (E): In exercise of powers conferred by Section 3 and 5 of Foreign Trade
(Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the
Foreign Trade Policy, 2015-2020, as amended from time to time, the Central
Government, hereby amends the Policy Condition of HS Code 12030000 under
Chapter 12 of ITC (HS), 2022, Schedule-! (Import Policy), as under:
Exim Item Policy Existing Policy Revised
Code _| Description Condition Policy Condition
12030000 Copra State Import allowed throughlmport allowed through
Trading |MMTC subject to ParalNAFED subject to Para)
Enterprise|2.20 of Foreign Trade|2.20 of Foreign Trade
Policy. Policy.
ys Effect of this Notification:
MMTC has been de-notified as a STE. Henceforth, import of Copra under HS
Code 12030000 shall be allowed through NAFED.
This issues with the approval of Minister of Commerce & Industry.
|
oe
qin sere
(Santosh Kumar Sarangi)
Director General of Foreign Trade
Ex- officio Addl. Secretary to the Government of India
E-mail: dgft@nic.in
(Issued from F. No. 01/89/1 80/Misc-37/AM-07/PC-2[A]/Part-V./E-25648)