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Date: 30-Jan-2025 Category: Extra Ordinary State: Union Government Country: India

Amendment in Import Policy covered under CTH 890690 of Chapter 89 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

  • The gazette notification S.O. 528(E) issued by the Ministry of Commerce and Industry amends the import policy for specific items under Chapter 89 of the ITC (HS) 2022, Schedule I (Import Policy).

Key Changes

  • The import policy for ITC (HS) codes 89069010 and 89069090 has been revised from “Restricted” to “Free” with immediate effect.
  • ITC (HS) code 89069010 includes items such as patrol or surveillance boats, air-cushion vehicles, and remote-operated vehicles.
  • ITC (HS) code 89069090 includes other items (not specified) falling under the broader category 890690.
  • This change is made under the powers conferred by Section 3 and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended.

Impact Analysis

Importers

  • Action: Review import strategies and supply chains to take advantage of the relaxed import policy. Update internal compliance procedures to reflect the change from 'Restricted' to 'Free' import status.

Domestic Manufacturers

  • Action: Assess the potential impact of increased imports on market share and profitability. Consider strategies to enhance competitiveness, such as improving product quality, reducing production costs, or focusing on niche markets.

Consumers

  • Action: Monitor market trends and consumer preferences to adapt product offerings and pricing strategies accordingly.

Government

  • Action: Monitor the impact of the policy change on trade balance and domestic industry. Be prepared to adjust policies if unforeseen negative consequences arise.

Key Entities Referenced

Ministry of Commerce and Industry: The issuing authority of the notification, responsible for formulating and implementing foreign trade policy. Directorate General of Foreign Trade (DGFT): The executive arm of the Ministry of Commerce and Industry responsible for implementing foreign trade policy and regulations. Foreign Trade (Development & Regulation) Act, 1992: The legal framework that empowers the Central Government to regulate foreign trade. Foreign Trade Policy 2023: The overarching policy document that guides India's foreign trade activities. ITC (HS) 2022, Schedule – I (Import Policy): The Indian Trade Classification (Harmonized System) which categorizes goods for import and export purposes. Schedule I specifically deals with import policies.
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.-01022025-260667 CG-DxLx-xEG-I0D1H0x2x2x0 25-260667 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.ं 524] नई दिल्ली, बृहस्ट्प जतवार, िनवरी 30, 2025/ माघ 10, 1946 No. 524] NEW DELHI, THURSDAY, JANUARY 30 2025/ MAGHA 10, 1946 ( ) ( ) I श का.आ. 528(अ).— le;≤ ij ;Fkk la'kkfsèkr] fons'k O;kikj uhfr 2023] ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr fons'k O;kikj ¼fodkl ,oa fofu;eu½ vfèkfu;e] 1992] dh èkkjk 3 vkSj èkkjk 5 ds rgr iznÙk 'kfä;kas dk ç;kxs djrs gq,] dsUæ ljdkj ,rn~}kjk vkbVhlh ¼,p,l½] 2022] vuqlwph&I ¼vk;kr uhfr½ ds v/;k; 89 ds 890690 ds varxZr “kkfey enks a dh vk;kr uhfr eas fuEukuqlkj la”kk/s ku djrh gS% 89069010 --- x'rh ;k fuxjkuh grs q uko] izfrcaf/kr eqDr ,;j&dq'ku okgu] fjeksV lapkfyr okgu 89069090 --- vU; izfrcaf/kr eqDr 763 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] vkÃVhlh ¼,p,l½ dksM 89069010 vkSj 89069090 dh vk;kr uhfr dks rRdky çHkko ls Þçfrcafèkrß ls la'kkfsèkr djds Þeqäß fd;k x;k gSA bls okf.kT; ,o a m|ksx ea=h ds vuqeksnu ls tkjh fd;k tkrk gSA lark"s k dqekj lkjaxh, egkfuns'kd fons'k O;kikj vkjS insu vij lfpo [Qk-l-a 01@89@180@27@,,e&21@ihlh&2d]@Hkkx&I@bZ&31913] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (Directorate General of Foreign Trade) NOTIFICATION New Delhi,the 29th January, 2025 No. 55 /2024-25 Subject: Amendment in Import Policy covered under CTH 890690 of Chapter 89 of ITC (HS) 2022, Schedule –I (Import Policy). S.O. 528(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 Import Policy of items covered under 890690 of Chapter 89 of ITC (HS), 2022, Schedule – I (Import Policy), as under: ITC(HS) Code Description Existing Import Revised Import Policy Policy 89069010 --- Patrol or surveillance boat, air- Restricted Free cushion vehicle, remote operated vehicle 89069090 --- Other Restricted Free Effect of the Notification: Import Policy of ITC (HS) codes 89069010 and 89069090 is revised from “Restricted” to “Free” with immediate effect. This is issued with the approval of Minister of Commerce & Industry. [F. No. 01/89/180/27/AM-21/PC-2[A]/Part-I/E-31913] 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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