Home India Ministry of Commerce and Industry Amendment in import policy condition of Urea [Exim Code ...
Date: 2022-04-01 Category: Not Applicable State: Union Government Country: India

Amendment in import policy condition of Urea [Exim Code 31021000] in the ITC (HS) 2022, Schedule - I (Import Policy).

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

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

**Policy Summary: Amendment to Import Policy Condition for Urea (EXIM Code 31021000)** This notification, issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India, effective April 1, 2022, amends the import policy condition for Urea under EXIM code 31021000 of Chapter 31 of the ITC HS 2022, Schedule Import Policy. The key changes are as follows: * **Urea Imports:** Import of Urea is permitted through Rashtriya Chemicals and Fertilizers Limited (RCF) and National Fertilizers Limited (NFL), subject to Para 2.20 of the Foreign Trade Policy, 2015-2020. Import of aqueous solution of Urea is also allowed. * **IPL Imports Extended:** Import of Urea on Government account is allowed through Indian Potash Limited (IPL) subject to Para 2.20 of Foreign Trade Policy, 2015-2020, and is extended for a period up to March 31, 2023. * **Technical Grade Urea (TGU):** Import of Technical Grade Urea (TGU) meant for non-agricultural purpose industrial use NPK Manufacturing shall be Free. This notification is issued in exercise of powers conferred by Section 3 and Section 5 of FTDR 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 Addl. Secretary to Gol, at dgft@nic.in. The notification originates from F. No. 01/89/180/102/AM02/PC2[A]/Part-II/E-1715.

Key Entities Referenced

Urea Exim Code 31021000: Specific code for Urea as per the ITC HS (Indian Trade Classification based on Harmonized System) Schedule Import Policy, related to import regulations. FT DR Act, 1992: Foreign Trade (Development and Regulation) Act, 1992, which confers powers related to foreign trade policy. Foreign Trade Policy, 2015-2020: The prevailing Foreign Trade Policy during the specified period, governing import and export regulations. ITC HS 2022: Indian Trade Classification based on Harmonized System, 2022 version, Schedule Import Policy, used for classifying goods in import/export. RCF: Rashtriya Chemicals and Fertilizers Limited, an entity through which import of Urea is allowed. NFL: National Fertilizers Limited, an entity through which import of Urea is allowed. IPL: Indian Potash Limited, an entity through which import of Urea on Government account is allowed. Santosh Kumar Sarangi: Director General of Foreign Trade and Ex-officio Additional Secretary to the Government of India.
Official Source Record View Original Source →
See Full Document Text
To be published in the Gazette of India Extraordinary Part-ll, Section-3, Sub-Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Notification No. 65 /2015-2020 New Delhi, Dated: 1 April 2022 Subject: Amendment in import policy condition of Urea [Exim Code 31021000] in the ITC (HS) 2022, Schedule — | (Import Policy). S.O. (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, 2015-2020, as amended from time to time, the Central Government hereby amends the policy condition of Urea [EXIM code 31021000] of Chapter 31 of ITC (HS), 202.3 Schedule — | (Import Policy), with immediate effect, as under : Exim Item Policy Existing Policy Condition Revised Policy Condition Code Description 31021000 |Urea, State Import allowed through RCFllmport allowed through RCFI whether or [Trading land NFL subject to Para 2.20land NFL subject to Para 2.20 not in [Enterprise lof Foreign Trade Policy, 2015-lof Foreign Trade Policy, laqueous 2020. In addition import of2015-2020. In addition solution Urea is also allowed eee of Urea is also IPLfor a period up to lowed through IPLfor a 31.3.2022. period up to 31.3.2023. However, import of Technical However, import of| Grade Urea (TGU) meant for][Technical Grade Urea (TGU) non-agricultural purpose/|meant for non-agricultural industrial use/ NPKpurpose/ industrial use/ NPK Manufacturing shall be “Free”. Manufacturing shall be’ “Free”. 2. Effect of this Notification: Import of Ureaon Government account is allowed through Indian Potash Limited (IPL) subject to Para 2.20 of Foreign Trade Policy, 2015-2020, till 31.03.2023. This issues with the approval of Minister of Commerce & Industry. oF- ic w2 (Santosh Kumar Sarangi) Director General of Foreign Trade & Ex-officio Addl. Secretary to Gol Email: dgft@nic.in (Issued from F. No. 01/89/180/102/AM-02/PC-2(A)Part-II/E-1715)

Continue your research