Home India Ministry of Commerce and Industry Amendments under Para 2.92 and Annexure V of Appendix 2A of ...
Date: 10-Jul-2023 Category: Extra Ordinary State: Union Government Country: India

Amendments under Para 2.92 and Annexure V of Appendix 2A of HBP 2023 under India Australia Economic Cooperation and Trade Agreement Ind Aus ECTA reg

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

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Executive Summary & Key Takeaways

What it means

  • This Public Notice No. 21/2023, issued by the Directorate General of Foreign Trade (DGFT), amends Para 2.92 and Appendix-2A of the Handbook of Procedure 2023 concerning the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA).
  • The amendment revises the ITC(HS) codes for cotton under the Tariff Rate Quota (TRQ) in accordance with Ministry of Finance (Department of Revenue) Notification No. 38/2023-Customs dated 23rd May 2023.

Key Changes

  • ITC(HS) code 52010020 has been deleted.
  • ITC(HS) codes 52010024 (Cotton of minimum 28 mm staple length) and 52010025 are now considered for TRQ of cotton under the India-Aus ECTA.
  • The in-quota rate for cotton of minimum 28 mm staple length (ITC(HS) code 52010024) is 0% duty.
  • The TRQ quantity for cotton of minimum 28 mm staple length is 51,000 MTs for Calendar Year 2023 onwards.

Impact Analysis

Importers/Exporters of Cotton

  • Action Item: Review and update internal systems and documentation to reflect the new ITC(HS) codes for cotton.

Customs Authorities

  • Action Item: Update customs procedures and systems to reflect the changes in ITC(HS) codes and tariff rates.

Ministry of Finance (Department of Revenue)

  • Action Item: Monitor the impact of the revised ITC(HS) codes on cotton trade between India and Australia.

Key Entities Referenced

Directorate General of Foreign Trade (DGFT): The issuing authority of this Public Notice, responsible for amending the Handbook of Procedure 2023 and implementing the Foreign Trade Policy. Ministry of Finance (Department of Revenue): The government body that issued Notification No. 38/2023-Customs, which this Public Notice aligns with. India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA): The trade agreement between India and Australia under which the Tariff Rate Quota (TRQ) for cotton is specified. Handbook of Procedure 2023: A document that outlines the procedures and guidelines for foreign trade in India. Para 2.92 and Appendix-2A of this handbook are amended by this public notice. Foreign Trade Policy, 2023: The overarching policy framework governing India's foreign trade, under which the DGFT exercises its powers.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-10072023-247203 xxxGIDHxxx CG-DL-E-10072023-247203 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 171] नई दिल्ली, सोमवार, िलु ाई 10, 2023/आषाढ़ 19, 1945 No. 171] NEW DELHI, MONDAY, JULY 10, 2023/ASHADHA 19, 1945 ubZ fnYyh] 10 tqykbZ] 2023 V le;&le; ij ;Fkk la'kksf/kr fon's k O;kikj uhfr] 2023 ds iSjk 1-03 vkSj 2-04 ds rgr iznÙk 'kfDr;ks a dk Ikz;ksx djrs gq,] vkSj lkoZtfud lwpuk la[;k 46@2015&20 fnukad 28-12-2022 ds Øe eas] egkfun's kd] fons'k O;kikj ,rn~}kjk foRr e=a ky; ¼jktLo foHkkx½ dh vf/klwpuk la- 38@2023&lhek'kqYd] fnukad 23 ebZ] 2023 dh ledkfydrk eas Hkkjr&v‚LVªfsy;k vkÆFkd lg;ksx vkSj O;kikj le>kSr s ds rgr VSfjQ nj dksVk ¼VhvkjD;w½ ds rgr mfYyf[kr fuEufyf[kr enks a ds fy, izfd;k iqLrd 2023 ds iSjk 2-92 vkSj ifjf'k’V 2d dks fuEukulq kj la'kk/s ku djrs gSa% % 52010020 <gVk;k x;k> 52010024 U;wure 28 feeh LVsiy yackà dk 0% 'kqYd 51]000 ehfVªd Vu 52010025 dikl 4418 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] 2- rnuqlkj] Hkkjr&v‚LVªsfy;k ÃlhVh, ds rgr dikl dh VhvkjD;w dk s igy s ds vkÃVhlh ¼,p,l½ dksM 52010020 dks çfrLFkkfir djr s gq, vkÃVhlh ¼,p,l½ dksM 52010024 vkSj 52010025 ds fy, ekuk tk,xkA foÙk e=a ky; ¼jktLo foHkkx½ dh vfèklwpuk la[;k 38@2023&lhek “kqYd fnukad 23 ebZ] 2023 dh ledkfydrk eas Hkkjr&v‚LVªfsy;k ÃlhVh, VhvkjD;w ds rgr dikl ds fy, vkÃVhlh ¼,p,l½ dksMks a dk s la'kksfèkr fd;k x;k gSA 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) PUBLIC NOTICE New Delhi, the 10th July, 2023 No. 21 / 2023 Subject:Amendments under Para 2.92 and Annexure-V of Appendix-2A of HBP 2023 under India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) -reg F. No. 01/93/180/05/AM-22/PC-2(B)/Part-I/E-35577.—In exercise of powers conferred under paragraph 1.03 and 2.04 of the Foreign Trade Policy, 2023, as amended from time to time, and in continuation to Public Notice No. 46/2015-20 dated 28.12.2022, the Directorate General of Foreign Trade hereby amends Para 2.92 and Appendix- 2A of the Handbook of Procedure 2023 for the following items mentioned under Tariff Rate Quota (TRQ) under India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA), in-sync with the Ministry of Finance(Department of Revenue) Notification No. 38/2023-Customs dated 23rd May, 2023 as follows – HS code Item Description under Ind-Aus In Quota rate TRQ Quantity Calendar Year 2023 ECTA (%) onwards 52010020 <deleted> 52010024 Cotton of minimum 28 mm staple 0% duty 51,000 MTs length 52010025 2. Accordingly, TRQ of cotton under the India-Aus ECTA shall be considered for ITC(HS) codes 52010024 and 52010025 substituting the earlier ITC(HS) code 52010020. Effect of this Public Notice: ITC(HS) codes for Cotton under India-Aus ECTA TRQ has been revised in-sync with Ministry of Finance (Department of Revenue) Notification no. 38/2023-Customs dated 23rd May 2023. 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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