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Date: 18-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in Import Policy Condition under ITC HS 08028010 of Chapter 08 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, Directorate General of Foreign Trade (DGFT), India, amends the import policy for fresh (green) areca nuts from Bhutan. It modifies the existing import policy conditions outlined in Notification No. 17/2023 dated 03.07.2023.

Key Changes

  • The amendment allows the import of 17,000 metric tonnes of fresh (green) areca nuts from Bhutan annually without a Minimum Import Price (MIP).
  • Import is now permitted through four Land Customs Stations (LCS):
  • Previously, only two LCS were allowed. The addition of LCS Hatisar (INHT5B) and LCS Darranga (INDRGB) expands the import entry points.
  • Imports remain subject to a valid port-specific Registration Certificate issued by DGFT.

Impact Analysis

Impact on Importers

  • Reduced import costs: The absence of a MIP could lead to lower import prices for areca nuts.

Impact on Bhutanese Exporters

  • Potential for increased revenue: Easier access to the Indian market may lead to increased sales and profits.

Impact on Indian Consumers

  • Potentially lower prices: Increased supply due to expanded import options may lead to lower prices for areca nuts in the Indian market.

Impact on DGFT

  • Increased administrative burden: DGFT will need to manage the increased number of import applications and ensure compliance with regulations at the new LCS.

Suggested Action Items

  • Monitor market prices to assess the impact of the policy change on consumer prices.

Key Entities Referenced

Ministry of Commerce and Industry: The issuing authority of the notification. Directorate General of Foreign Trade (DGFT): The department responsible for implementing and enforcing the import policy. Foreign Trade (Development & Regulation) Act, 1992: The legal framework under which the notification is issued. Foreign Trade Policy 2023: The overarching policy document that the notification amends. Notification No. 17/2023 dated 03.07.2023: The previous notification that this notification partially modifies. ITC (HS) 08028010: The Harmonized System (HS) code for fresh (green) areca nuts. ITC (HS) 2022, Schedule – I (Import Policy): The import policy schedule where the changes are made. LCS Jaigaon (INJIGB), LCS Chamurchi (INCHMB), LCS Hatisar (INHT5B), LCS Darranga (INDRGB): The Land Customs Stations through which imports are permitted.
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.-19092024-257228 CG-DxLx-xEG-I1D9H0x9x2x0 24-257228 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.ं 3621] नई दिल्ली, बुधवार, जसतम्ब र 18, 2024/भाद्र 27, 1946 No. 3621] NEW DELHI, WEDNESDAY, SEPTEMBER 18, 2024/BHADRA 27, 1946 ( ) (fons'k O;kikj egkfuns'kky;) नई दिल्ली, 18 जसतम् बर, 2024 I का.आ. 3960(अ).— le;≤ ij ;Fkk la'kksf/kr fon's k O;kikj uhfr 2023 ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr fons'k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e] 1992 dh /kkjk 3 vkSj /kkjk 5 }kjk iznÙk 'kfDr;ks a dk iz;ksx djrs gq,] dsUnz ljdkj fnukad 03-07-2023 dh vf/klwpuk la- 17@2023 eas vkaf'kd la'kks/ku djrs gq, ,rn~}kjk vkbZVhlh ¼,p,l½] 2022] vulq wph&I ¼vk;kr uhfr½ ds v/;k; 08 ds vkbZVhlh ¼,p,l½ 0802 80 10 ds rgr enks a dh vk;kr uhfrxr 'krZ ¼x½ ¼i½ es a fuEukulq kj la'kks/ku djrh gS% ¼x½ HkwVku ls U;wure vk;kr eYw ; ¼,evkbZih½ 'krZ ds fcuk izfr o"kZ 17]000 ehfVªd Vu rktk ¼gjh½ lqikjh ds vk;kr dh vuqefr nh tk,xhA ,sl s vk;kr dh vuqefr% 5949 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] ¼i½ dsoy ,ylh,l t;xkao ¼vkbZ,utsvkbZthch½] ,ylh,l pkeqphZ ¼vkbZ,ulh,p,ech½ ds ek/;e ls vkSj] ¼ii½ Mhth,QVh }kjk oS/k iÙku&fof'k"V iathdj.k izek.ki= tkjh djus ds v/khu gksxhA fo|eku nks iÙkuks a ds vfrfjDr] HkwVku ls U;wure vk;kr eYw ; ¼,evkbZih½ 'krZ ds fcuk 17]000 ehfVªd Vu rkt+k ¼gjh½ lqikjh dk vk;kr ds ek/;e ls Hkh vuqer gskxkA bls okf.kT; ,oa m|ksx ea=h ds vuqeksnu ls tkjh fd;k tkrk gSA [फा. सं. 01@89@180@43@,,e&01@ihlh&2[,]@Hkkx&III@bZ&8258] larks"k dqekj lkjaxh, Ekgkfuns'kd fon's k O;kikj ,oa inus vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 18th September, 2024 No. 30 /2024-25 Subject: Amendment in Import Policy Condition under ITC (HS) 08028010 of Chapter 08 of ITC (HS) 2022, Schedule –I (Import Policy). S.O. 3960(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 in partial modification to Notification No. 17/2023 dated 03.07.2023, hereby amends the Import Policy Condition (c)(i) of items under ITC(HS) 0802 80 10 of Chapter 08 of ITC(HS), 2022, Schedule – I (Import Policy), as under : (changes made are in bold letters) Revised Policy Condition: (c) Import of 17,000 Metric Tonnes of Fresh (green) Areca Nut without Minimum Import Price (MIP) condition shall be allowed from Bhutan every year. Such imports are allowed: i) through LCS Jaigaon (INJIGB), LCS Chamurchi(INCHMB), LCS Hatisar(INHT5B) and LCS Darranga(INDRGB) only, and, ii) shall be subject to a valid port-specific Registration Certificate issued by DGFT. Effect of the Notification: In addition to the existing two ports, import of 17,000 Metric Tonnes of Fresh(green) Areca nut without Minimum Import Price (MIP) condition from Bhutan shall also be allowed through LCS Hatisar(INHT5B) and LCS Darranga(INDRGB). This issues with the approval of Minister of Commerce & Industry. [F.No. 01/89/180/43/AM-01/PC-2[A]/Part-III/E-8258] 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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