Home India Ministry of Commerce and Industry Amendment in Policy condition No.07 (ii) of Chapter - 27 of ...
Date: 2023-10-04 Category: Not Applicable State: Union Government Country: India

Amendment in Policy condition No.07 (ii) of Chapter - 27 of Schedule-I (Import Policy) of ITC (HS), 2022 reg.

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

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Executive Summary & Key Takeaways

**Summary:** This notification, issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India, amends Policy Condition No. 07 ii of Chapter 27 of Schedule I (Import Policy) of ITC HS, 2022, with immediate effect. The amendment pertains to the Coal Import Monitoring System (CIMS). The revised policy condition modifies the time period for registration. Importers can now apply for registration not earlier than the 60th day and until the arrival date (Zero Day) of the consignment at the gateway port. The Automatic Registration Number remains valid for 75 days. Importers are required to enter the Registration Number and expiry date in the Bill of Entry to facilitate customs clearance. This notification is issued in exercise of powers conferred by Section 3 and Section 9 of the Foreign Trade Development and Regulation Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2023. For further information, contact the DGFT at dgft@nic.in. The notification is issued from F.No. M4708/902/2002/PC2[A]/Part-IE/33668 and approved by the Minister of Commerce and Industry.

Key Entities Referenced

Directorate General of Foreign Trade: An agency of the Ministry of Commerce and Industry, Government of India, responsible for implementing foreign trade policy. Foreign Trade Development and Regulation Act, 1992: An act of the Parliament of India to provide for the development and regulation of foreign trade. Foreign Trade Policy, 2023: A policy document outlining the guidelines and objectives for India's foreign trade. ITC HS, 2022: Indian Trade Classification (Harmonized System) - a system for classifying goods for import and export. Coal Import Monitoring System CIMS: A system for monitoring coal imports into India. Minister of Commerce and Industry: The government minister in charge of the Ministry of Commerce and Industry. Santosh Kumar Sarangi: Director General of Foreign Trade and Ex officio Additional Secretary to the Government of India. Vanijya Bhawan, New Delhi: Location of the Directorate General of Foreign Trade in New Delhi, Delhi.
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To be published in the Gazette of India Extraordinary Part-Il, Section-3, Sub-section (Il) Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan Notification No. 34 /2023 New Delhi, Dated: 4" October, 2023 Subject: Amendment in Policy condition No.07 (ii) of Chapter - 27 of Schedule-I (Import Policy) of ITC (HS), 2022 reg. S.O. (E):): In exercise of powers conferred by Section 3 and Section 9 of the Foreign Trade (Development and 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 Policy condition No.07 (ii) of Chapter - 27 of Schedule-I (Import Policy) of ITC (HS), 2022, with immediate effect: Existing Policy Condition Revised Policy Condition The importer can apply for registration not{The importer can apply for registration earlier than 60th day and not later than 5|not earlier than 60th day and till the days before the expected date of arrival offarrival date (Zero Day) of consignment import consignment. The Automaticlat gateway port. The Automatic Registration Number shall remain valid forfRegistration Number shall remain valid for ja period of 75 days. Importer shall have toa period of 75 days. Importer shall have to lenter the Registration Number and expiry|lenter the Registration Number and expiry! date of Registration in the Bill of Entry todate of Registration in the Bill of Entry to enable Customs for clearance offenable Customs for clearance of consignment. consignment. 2. Effect of the Notification: Time period for applying registration under Coal Import Monitoring System (CIMS) has been revised with immediate effect. This issues with the approval of Minister of Commerce & Industry. , - “00% (Santosh Kumar Sarangi) Director General of Foreign Trade & Ex- officio Addl. Secretary to the Gol E-mail: dgft@nic.in (Issued from F.No. M-4708/1902/2002/PC-2(A)/Part-I/E-33668)

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