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Date: 01-Jan-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in Para 231 of the Foreign Trade Policy 2023 reg

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

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Executive Summary & Key Takeaways

What it means

  • The notification amends Para 2.31 of the Foreign Trade Policy (FTP) 2023, concerning the import of used IT assets (laptops, desktops, monitors, printers) from Special Economic Zones (SEZ) to Domestic Tariff Area (DTA). It introduces Para 2.31 [I (e)] to specify the conditions under which such imports are permitted without a license for restricted imports.

Key Changes

  • Used IT assets can be moved from SEZ to DTA without a license for restricted imports if they meet specific conditions.
  • Condition 1: The used IT assets must have been used in the SEZ for a minimum of 2 years and must not be older than 5 years from the date of manufacturing.
  • Condition 2: If a unit is closing its operations in SEZ and relocating to DTA, import of used IT assets is allowed without a license, provided the assets are not older than 5 years from the date of manufacturing. IT assets used for less than 2 years in SEZ, after being imported in used condition, are not covered under this condition.
  • Relaxation under Condition 1 and 2 is applicable only if no exemption from regulatory requirements (CRO, WPC, RoHS) was availed at the time of import of the used IT assets into the SEZ.
  • Import of used IT assets not meeting the specified criteria requires a license for restricted import.

Impact Analysis

Impact on SEZ Units

  • SEZ units must ensure that no regulatory exemptions were claimed when the IT assets were initially imported into the SEZ to avail of the relaxed import norms.

Impact on DTA Units

  • DTA units need to verify the age and usage of the IT assets being imported from SEZ to ensure compliance with the regulations.

Suggested Action Items

  • Legal and compliance teams should update internal policies and procedures to reflect the changes in the Foreign Trade Policy.

Key Entities Referenced

Central Government: The issuer of the notification, amending the Foreign Trade Policy 2023. Directorate General of Foreign Trade (DGFT): The agency responsible for implementing and enforcing the Foreign Trade Policy. Santosh Kumar Sarangi, Director General of Foreign Trade & Ex-officio Addl. Secy., is mentioned as the issuing authority. Foreign Trade (Development & Regulation) Act, 1992: The enabling legislation that grants the Central Government the power to make changes to the Foreign Trade Policy. Foreign Trade Policy, 2023: The policy framework governing India's foreign trade, which is being amended by this notification. Special Economic Zone (SEZ): Designated areas within India with different economic regulations to promote exports and investment. Domestic Tariff Area (DTA): The area within India that is not designated as an SEZ. Used IT Assets (Laptops, Desktops, Monitors, Printers): The specific goods that are the subject of this notification. CRO, WPC, RoHS: Regulatory requirements from which no exemption should have been availed at the time of import of the Used IT Assets into the SEZ.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-02012024-251090 CG-DxLx-xEG-I0D2H0x1x2x0 24-251090 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.ं 20] नई दिल्ली, सोमवार, िनवरी 01, 2024/पौष 11, 1945 No. 20] NEW DELHI, MONDAY, JANUARY 01, 2024/PAUSHA 11, 1945 नई दिल्ली, 1 िनवरी, 2024 —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;ks a dk Ikz;ksx djr s gq, dsUnz ljdkj ,rn~}kjk fons’k O;kikj uhfr] 2023 ds iSjk 2-31 eas fuEukuqlkj la'kks/ku djrh gS vkSj iSjk 2-31 [I ¼M-½] 'kkfey djrh gSA I ¼M-½ mi;ksx dh xbZ vkbZVh izfrcaf/kr rFkkfi] vk;kr uhfr fuEufyf[kr 'krkZs a ds v/khu ifjlaifÙk;ka ¼ySiVkWIl] MsLdVkWIl] eqDr gksxh% ekWfuVlZ] fizaVlZ½& fo'ks"k vkfFkZd 1- mi;ksx dh xbZ vkbZVh ifjlaifÙk;ks a dks dsoy {ks= ¼,lbZtsM½ ls ?kjys w iz’kqYd muds MhVh, ifjpkyu es a vkxs ds mi;ksx ds {ks= ¼MhVh,½ es a vk;kr iz;kstu ls izfrcaf/kr vk;krks a ds fy, ykblsla ds fcuk ,lbZtsM ls MhVh, eas LFkkukarfjr fd;k tk 29 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] ldrk gS] c’krsZ fd ,lbZtsM eas de ls de 2 o"kZ dk mi;ksx gks vkSj oLr,q a fofuekZ.k dh rkjh[k ls 5 o"kZ ls vf/kd iqjkuh u gksAa 2- ,sl s ekeyks a eas tgk¡ ,d bdkbZ ,lbZtsM eas viuk ifjpkyu can dj jgh gS vkSj MhVh, eas LFkkukarfjr gks jgh gS] ,lbZtsM ls MhVh, eas mi;ksx dh xbZ vkbZVh ifjlafÙk;ks a ds vk;kr dk s izfrcaf/kr vk;kr ds fy, ykblsal ds fcuk vuqefr nh tkrh gS c’krZs fd oLrq,¡ fofuekZ.k dh rkjh[k ls 5 o"kZ ls vf/kd iqjkuh u gksAa rFkkfi] vkbZVh ifjlaifÙk;ka tk s iqjkuh@mi;ksx dh xbZ@ iqjkuh fLFfr es a ,lbZtsM {ks= eas nkf[ky gq;h gSa vkSj ftudk mi;ksx ,lbZtsM {ks= eas 2 o"kZ ls de le; ds fy, fd;k x;k gS] mUgs a 'kkfey ugha fd;k x;k gSA 3- mijksDr 'krZ 1 ,oa 2 ds rgr] ,lbZtsM ls MhVh, eas vk;kr ds fy, NwV ykxw gksxh] c’krsZ fd mi;ksx dh xbZ vkbZVh ifjlafÙk;ks a ds vk;kr ds le; ,lbZtsM eas fdlh Hkh fu;ked vko';drkvks a ¼vFkkZr] lhvkjvks] MCY;wihlh] vkjvks,p,l½ ls dksbZ NwV ugha yh xbZ FkhA 4- fdlh Hkh mi;ksx dh xbZ vkbZVh ifjlaifÙk;ks a dk vk;kr tks mi;qZDr ekunaMks a dks iwjk ugh a djrk] izfrcaf/kr vk;kr gsrq ,d ykblsla ds v/;/khu gksxkA mi;ksx dh xbZ vkbZVh ifjlaifÙk;ks a ¼ySiVkWIl] MsLdVkWIl] ekWfuVlZ] fizaVlZ½ dh ,lbZtsM ls MhVh, eas vk;kr dh vk;kr uhfr dks fon’sk O;kikj uhfr] 2023 ds iSjk 2-31 ds vUrxZr vf/klwfpr fd;k x;k gSA bls okf.kT; ,oa m|ksx e=a h ds vuqeksnu ls tkjh fd;k tkrk gSA [फा. सं. 01@89@180@39@,,e&13@ihlh&2 ¼d½@Hkkx&1@bZ&18838] larks"k dqekj lkjaxh] egkfuns'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 1st January, 2024 NO. 56/2023 Subject: Amendment in Para 2.31 of the Foreign Trade Policy, 2023 - reg. S.O. 22(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 Para 2.31 of Foreign Trade Policy, 2023 and inserts Para 2.31 [I (e)] as under: S. Categories of Second-Hand Import Conditions, if any No. Goods Policy I(e) Used IT Assets (Laptops, However import policy will be free subject to the following desktops, monitors, printers)- conditions :[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 Import from Special Economic Restricted Zone (SEZ) to Domestic Tariff 1. Used IT Assets may be moved from SEZ to DTA without Area(DTA) a Licence for Restricted Imports for the purpose of further use in their DTA operations only; given that there is a minimum usage of 2 years in the SEZ area and that the goods are not older than 5 years from the date of manufacturing. 2. In cases where a unit is closing down its operations in SEZ, and re-locating to the DTA, the import of Used IT Assets from SEZ into DTA is allowed without a Licence for Restricted Imports, given that the goods are not older than 5 years from the date of manufacturing. However IT assets that have entered the SEZ area in second hand/used/old condition and have been used in the SEZ area for less than 2 years are not covered. 3. The relaxation for import from SEZ to DTA, under condition 1 & 2 above, shall be applicable given that no exemption from any regulatory requirements (i.e., CRO, WPC, RoHS) was availed at the time of import of the Used IT Assets into the SEZ. 4. Import of any Used IT Assets which do not fulfill the above-mentioned criteria shall be subject to a Licence for Restricted Import. Effect of the Notification: Import policy of Used IT Assets (laptops, desktops, monitors, Printers) from SEZ to DTA has been notified under Para 2.31 of the Foreign Trade Policy, 2023. This issues with the approval of Minister of Commerce & Industry. [F. No. 01/89/180/39/AM-13/PC-2(A)/Part-1/E-18838] 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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