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Date: 05-Jul-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in import policy condition for items under ITC HS code 07019000 of Chapter 07 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

What it means

  • This gazette notification from the Ministry of Commerce and Industry, Department of Commerce, Directorate General of Foreign Trade (DGFT), India, amends the import policy for fresh or chilled potatoes (ITC (HS) code 07019000) from Bhutan.

Key Changes

  • The notification extends the period for unrestricted import of potatoes from Bhutan without any license.
  • The previous policy allowed unrestricted imports until June 30, 2024.
  • The revised policy extends this unrestricted import period until June 30, 2027.

Impact Analysis

Impact on Importers

  • This provides greater certainty and predictability for their import operations, reducing bureaucratic hurdles and costs.

Impact on Bhutanese Exporters

  • The extended period provides a stable and predictable market for their produce.

Impact on Indian Potato Farmers

  • The government may need to consider measures to support domestic farmers, such as subsidies or other protectionist policies.

Suggested Actions

  • Establish a mechanism for regular dialogue between Indian and Bhutanese stakeholders to ensure fair trade practices.

Key Entities Referenced

Ministry of Commerce and Industry (India): The issuing authority of the notification. Responsible for regulating foreign trade in India. Department of Commerce (India): The department within the Ministry of Commerce and Industry responsible for this notification. Directorate General of Foreign Trade (DGFT): The agency responsible for implementing and enforcing India's foreign trade policy. Foreign Trade (Development & Regulation) Act, 1992: The legal framework under which the government has the power to issue this notification. ITC (HS) 2022, Schedule-I (Import Policy): The import policy schedule that lists the items and their import conditions. This notification amends the policy conditions for ITC (HS) code 07019000 (Potatoes). Foreign Trade Policy, 2023: The overarching policy document that guides India's foreign trade regulations. This notification is issued under the powers conferred by this policy. Bhutan: The country from which the import of potatoes is affected by this notification.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-06072024-255248 CG-DxLx-xEG-I0D6H0x7x2x0 24-255248 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.ं 2509] नई दिल्ली, िुक्रवार, िुलाई 5, 2024/आषाढ 14, 1946 No. 2509] NEW DELHI, FRIDAY, JULY 5, 2024/ASHADHA 14, 1946 वाजणज्य एव ंउद्योग मत्रं ालय (वाजणज्य जवभाग) (fons'k O;kikj egkfuns'kky;) अजधसचू ना नई दिल्ली, 5 िलु ाई, 2024 fo"k;% vkbVhlh ¼,p,l½] 2022] vuqlwph&I ¼vk;kr uhfr½ ds v/;k;&07 ds vkbVhlh ¼,p,l½ dksM 07019000 ds rgr enksa ds fy, vk;kr uhfrxr ’krZ esa la’kks/kuA का.आ. 2644(अ).—le;≤ ij ;Fkk la’kksf/kr fons’k O;kikj uhfr 2023] ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr fon’s k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e] 1992 dh /kkjk 3 vkSj /kkjk 5 ds }kjk iznÙk ’kfDr;ksa dk iz;kxs djr s gq,] dsUnz ljdkj ,rn~}kjk vkbVhlh ¼,p,l½] 2022] vuqlwph&I ¼vk;kr uhfr½ ds v/;k;&07 ds rgr en dh uhfrxr ’krZ esa la’kk/s ku djrh gS%& 07019000 vkyw] rkt+k Ikzfrcaf/kr HkwVku ls vkyw dk vk;kr] fcuk HkwVku ls vky w dk vk;kr] vFkok iz’khfrr% fdlh ykblsla ds 30 twu] fcuk fdlh ykblsla ds 30 vU; 2024 rd eqDr #i ls vuqer twu] 2027 rd eqDr #i gSA ls vuqer gSA 4059 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] vkbVhlh ¼,p,l½ dksM 07019000 ds rgr HkwVku ls vkyw dk vk;kr fcuk fdlh vk;kr ykblsla ds 30 twu] 2027 rd vuqer gSA bls okf.kT; ,o a m|kxs ea=h ds vuqeksnu ls tkjh fd;k tkrk gSA [फा. स.ं 01@89@180@02@,,e&17@ihlh&2¼,½@bZ&3200 ] lark"sk dqekj lkjxa h] 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 5th July, 2024 No.20 /2024-25 Subject: Amendment in import policy condition for items under ITC (HS) code 07019000 of Chapter 07 of ITC (HS), 2022, Schedule - I (Import Policy) S.O. 2644(E).—In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2023, as amended from time to time, the Central Government hereby amends the policy condition of item under Chapter 07 of ITC (HS) 2022, Schedule - I (Import Policy): ITC(HS) Code Item description Policy Existing Policy Condition Revised Policy Condition 07019000 Potatoes, fresh or Restricted Import of Potatoes from Import of Potatoes from chilled: Other Bhutan is permitted freely, Bhutan is permitted freely, without any license, up to without any licence, up to 30th June 2024. 30th June 2027. Effect of the Notification: Import of Potatoes under ITC (HS) code 07019000 is allowed from Bhutan without any Import Licence, up to 30th June 2027. This is issued with the approval of Minister of Commerce & Industry. [F. No. 01/89/180/02/AM-17/PC-2(A)/E-3200) ] SANTOSH KUMAR SARANGI, Director General of Foreign Trade and 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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