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Date: 2015-07-28 Category: Extra Ordinary State: Union Government Country: India

Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.02 of the Foreign Trade Policy, 2015-20, the Central Government, with immediate effect, hereby makes the following amendments in Chapter 44 of Schedule 2 of ITC(HS) Classification of Export and Import Items.

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This notification, issued by the Ministry of Commerce and Industry, amends the export policy of sawn timber, specifically concerning exports to Nepal. Effective immediately on July 28, 2015, the amendment modifies Chapter 44 of Schedule 2 of ITCHS Classification of Export and Import Items. It designates specific ports and customs stations as equivalent for import and export purposes, particularly for trade with Nepal. Key Points / Main Content: Amendment Details: * Point No. ii in the Nature of Restriction against Sl. No. 181 of Chapter 44 of Schedule 2 of ITCHS Classification is substituted. * The importer and exporter must be the same firm, and import/export must occur from the same designated port or linked ports. Port Operations: * The scheme operates through Chennai, Kandla, Kolkata, Mangalore, Mumbai, Mundra, Nhava Sheva JNPT, Tuticorin, Vishakhapatnam, and Raxaul Land Customs Station (LCS). * Mangalore and Tuticorin are considered the same port, allowing wood log imports via Mangalore and sawn timber exports via Tuticorin, or vice versa. * Kandla, Mumbai, Mundra, and Nhava Sheva JNPT share similar facilities, permitting imports through any of these ports and exports through the same or any of the remaining three. Nepal Export Provisions: * For exports to Nepal, Raxaul LCS and Kolkata port are considered the same, enabling wood log imports via Kolkata and sawn timber exports to Nepal via Raxaul LCS. * Sawn timber exports to Nepal, made exclusively from imported wood logs via Kolkata, are permitted from Raxaul LCS. Impact Analysis: Importers: * Impact: Importers can now import wood logs through Kolkata port and export sawn timber to Nepal via Raxaul LCS. They also have increased flexibility in using Mangalore/Tuticorin and Kandla/Mumbai/Mundra/Nhava Sheva JNPT ports for import and export operations. * Action Required: Importers should take note of the amended port equivalencies and adjust their logistics and documentation accordingly to comply with the new regulations. Exporters: * Impact: Exporters gain clarity and expanded options for exporting sawn timber to Nepal, utilizing the Kolkata-Raxaul port combination. They can also leverage the flexibility offered by the Mangalore/Tuticorin and Kandla/Mumbai/Mundra/Nhava Sheva JNPT port arrangements. * Action Required: Exporters need to ensure their export activities align with the specified port equivalencies and maintain consistent firm identity between import and export operations. Customs Authorities: * Impact: Customs authorities are responsible for implementing and enforcing the new port equivalency rules for sawn timber imports and exports. * Action Required: Update customs procedures and documentation requirements to reflect the amended policy, particularly concerning the treatment of Kolkata/Raxaul, Mangalore/Tuticorin, and Kandla/Mumbai/Mundra/Nhava Sheva JNPT as linked ports.

Key Entities Referenced

Foreign Trade Development and Regulation Act, 1992: An Indian law that empowers the Central Government to make provisions relating to import and export. Foreign Trade Policy, 2015-20: The foreign trade policy in effect at the time of the notification, governing import and export regulations. ITCHS Classification of Export and Import Items: The Indian Trade Classification (Harmonised System) which is used to classify goods for import and export purposes. Chennai, Tamil Nadu: A port city in Tamil Nadu, India, listed as an operational port under the scheme mentioned in the notification. Kandla, Gujarat: A port city in Gujarat, India, listed as an operational port under the scheme mentioned in the notification. Kolkata, West Bengal: A port city in West Bengal, India, listed as an operational port under the scheme mentioned in the notification. Raxaul, Bihar: A town in Bihar, India, bordering Nepal, with a Land Customs Station (LCS) relevant to timber export to Nepal. Nepal: A country bordering India, which is the destination for sawn timber exports under the amended policy.
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