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Date: 21-Feb-2023 Category: Extra Ordinary State: Union Government Country: India

Amendment in Import Policy condition of Cashew Kernels (broken/ whole)

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

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Executive Summary & Key Takeaways

What it means

  • The gazette notification issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, amends the import policy conditions for cashew kernels (broken and whole) under the ITC (HS) codes 08013210 and 08013220 respectively.
  • The notification relaxes the Minimum Import Price (MIP) condition for 100% Export Oriented Units (EOUs) and units in Special Economic Zones (SEZs), provided that the imported cashew kernels are not sold in the Domestic Tariff Area (DTA).

Key Changes

  • ITC(HS) Code 08013210 (Cashew kernel, broken): Import is free if CIF value is above Rs. 680/- per Kg.
  • ITC(HS) Code 08013220 (Cashew kernel, whole): Import is free if CIF value is above Rs. 720/- per Kg.
  • MIP conditions are not applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZ.
  • SEZs and EOUs units shall not be allowed to sell the imported Cashew Kernels into Domestic Tariff Area (DTA).

Impact Analysis

Impact on EOUs and SEZ units

  • Action Item: EOUs and SEZ units should review their import strategies to take advantage of the relaxed MIP conditions, ensuring compliance with the restriction on sales in the DTA.

Impact on Domestic Cashew Industry

  • Action Item: Domestic cashew processors should assess their cost structures and explore opportunities to improve efficiency and competitiveness. They may also consider establishing EOUs or SEZ units to benefit from the relaxed import conditions.

Impact on Consumers

  • Action Item: Monitor retail prices of cashew kernels to ensure that any cost savings are passed on to consumers.

Impact on Government Revenue

  • Action Item: Monitor import and export data to assess the impact on government revenue and adjust policies as necessary.

Key Entities Referenced

Directorate General of Foreign Trade (DGFT): The issuing authority for the gazette notification, responsible for implementing and regulating foreign trade policies. Ministry of Commerce and Industry: The parent ministry of DGFT, responsible for formulating policies related to foreign trade and commerce. Foreign Trade (Development & Regulation) Act, 1992: The enabling legislation that empowers the Central Government to regulate foreign trade. Foreign Trade Policy (FTP) 2015-2020: The policy framework that governs India's foreign trade, as amended from time to time. ITC (HS) Codes 08013210 and 08013220: The Harmonized System codes used to classify cashew kernels (broken and whole) for import and export purposes. Export Oriented Units (EOUs): Units undertaking to export their entire production of goods and services. Special Economic Zones (SEZs): Specially delineated duty-free enclaves deemed to be foreign territory for the purpose of trade operations and duties and tariffs. Domestic Tariff Area (DTA): The area within India that is not designated as an SEZ or EOU.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-21022023-243774 xxxGIDHxxx CG-DL-E-21022023-243774 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.ं 763] नई दिल्ली, मगं लवार, फरवरी 21, 2023/फाल्ग नु 2, 1944 No. 763] NEW DELHI, TUESDAY, FEBRUARY 21, 2023/PHALGUNA 2, 1944 ubZ fnYyh] 21 Qjojh] 2023 .—le;≤ ij ;Fkkla”kksf/kr fons'k O;kikj uhfr ¼,QVhih½ 2015&2020 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 5 ds lkFk ifBr /kkjk 3 }kjk iznÙk “kfDr;ks a dk iz;ksx djr s gq,] dsUnz ljdkj ,rn~}kjk vkbZVhlh ¼,p,l½ 2022] vuqlwph&I ¼vk;kr uhfr½ ds v/;k; 08 ds rgr vkbZVhlh ¼,p,l½ dkMs 08013210 ds rgr dktw fxjh ¼VVw h gqbZ½ vkSj vkbZVhlh ¼,p,l½ dksM 08013220 ds rgr dktw fxjh ¼lkcqr½ ds vk;kr uhfrxr “krZ eas fuEukuqlkj la”kk/s ku djrh gS% 08013210 dktw fxjh] fuf’k) rFkkfi] ;fn lhvkbZ,Q 1- rFkkfi] ;fn lhvkbZ,Q ewY; 680@& #- VVw h gqbZ eYw ; 680@& #- izfr izfr fd-xzk- ls vf/kd gS rks vk;kr eqDr gSA fd-xzk- ls vf/kd gks rks 2- rFkkfi] ,evkbZih dh “krZ 100 izfr”kr vk;kr eqDr gSA fu;kZr mUeq[k bdkbZ;ks a ¼bZvks;w½ vkSj ,lbZtsM eas bdkbZ;ks a }kjk vk;kr gsrq ykxw ugha gksxhA 1117 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 3- ,lbZtsM vkSj bZvks;w bdkb;ks a dks vk;kfrr dktw fxjh dks ?kjys w iz”kqYd {ks= ¼MhVh,½ eas cspu s dh vuqefr ugha gksxhA 08013220 dktw fxjh] fuf’k) rFkkfi] ;fn lhvkbZ,Q 1- rFkkfi] ;fn lhvkbZ,Q ewY; 720@& #- eYw ; 720@& #- izfr izfr fd-xzk- ls vf/kd gS rks vk;kr eqDr gSA fd-xzk- ls vf/kd gks rks 2- rFkkfi] ,evkbZih dh “krZ 100 izfr”kr vk;kr eqDr gSA fu;kZr mUeq[k bdkbZ;ks a ¼bZvks;w½ vkSj ,lbZtsM eas bdkbZ;ks a }kjk vk;kr gsrq ykxw ugha gksxhA 3- ,lbZtsM vkSj bZvks;w bdkb;ks a dks vk;kfrr dktw fxjh] dk s ?kjys w iz”kqYd {ks= ¼MhVh,½ eas cspu s dh vuqefr ugha gksxhA dktw fxjh ¼VVw h gqbZ@lkcqr½ ij U;urw e vk;kr eYw ; ¼,evkbZih½ 100% fu;kZr mUeq[k bdkbZ;ks a ¼bZvks;w½ vkSj ,lbZtsM eas bdkbZ;ks a }kjk vk;kr ds fy, ykxw ugha gksxk] c”krsZ fd vk;kfrr dktw fxjh] ?kjys w iz”kqYd {ks=ks a ¼MhVh,½ eas ugha cspk tk,A bls okf.kT; ,oa m|ksx e=a h ds vuqeksnu ls tkjh fd;k tkrk gSA [Qk- la- 01@89@180@05@,,e&20@ihlh&II[d]@bZ&28980] larks"k dqekj lkjaxh] Ekgkfuns'kd] fons'k O;kikj ,oa inus vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 21st February 2023 No. 59/2015-2020 Subject : Amendment in Import Policy condition of Cashew Kernels (broken/ whole) S.O. 796(E).—In exercise of powers conferred by Section 3 read with Section 5 of Foreign Trade (Development & Regulation) 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 condition of cashew kernels (broken) under ITC(HS) Code 08013210 and cashew kernel (whole) under ITC(HS) Code 08013220 under Chapter-08 of ITC (HS) 2022, Schedule 1 (Import Policy) as under: ITC (HS) Description Import Existing Import Policy Revised Import Policy Code Policy 08013210 Cashew kernel, Prohibited However, import is free 1. However, import is free if CIF value is broken if CIF value is above Rs. above Rs. 680/- per Kg. 680/- per KG. 2. MIP conditions, however, shall not be applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZ. 3. SEZs and EoUs units shall not be allowed to sell the imported Cashew Kernels into Domestic Tariff Area (DTA). 08013220 Cashew kernel, Prohibited However, import is free 1. However, import is free if CIF value is whole if CIF value is above Rs. above Rs. 720/- per Kg. 720/- per KG. 2. MIP conditions, however, shall not be applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZ.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 3. SEZs and EoUs units shall not be allowed to sell the imported Cashew Kernels into Domestic Tariff Area (DTA). Effect of this Notification : Minimum Import Price (MIP) on Cashew kernel (broken / whole) will not be applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZs subject to the condition that the imported Cashew Kernels are not sold into Domestic Tariff Area (DTA). This issues with the approval of Minister of Commerce & Industry. [F. No. 01/89/180/05/AM-20/PC.II(A)/E-28980] 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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