Executive Summary:
This notification, issued by the Directorate General of Foreign Trade, amends the import policy conditions for natural rubber under Exim code 4001 of Chapter 40 of ITC HS, 2017, Schedule 1 Import Policy. The amendment, effective June 12, 2018, modifies port restrictions on natural rubber imports. It was issued in exercise of powers conferred by Section 3 of FTDR Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020.
Key Points / Main Content:
* **Subject:** Amendment in import policy conditions of Natural Rubber under Exim code 4001 of Chapter 40 of ITC HS, 2017 Schedule 1 Import Policy.
* **Exim Code and Item Description:**
* Exim Code: 4001
* Item: Natural Rubber, Balata, Gutta Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip.
* **Policy:**
* Revised Policy Condition: Free Import allowed only through sea ports of Chennai and Nhava Sheva Jawaharlal Nehru Port.
* Exception: Port Restriction shall not be applicable on import under Advance Authorization.
* **Effect of Notification:** Port restriction is not applicable on import of Natural Rubber of all varieties/forms covered under EXIM Code 4001, under Advance Authorisation.
Impact Analysis:
**Importers of Natural Rubber:**
* Impact: Benefit from eased port restrictions under advance authorization, allowing imports through any port.
* Action Required: Ensure compliance with advance authorization requirements to avail the relaxed port restrictions.
**Chennai and Nhava Sheva Jawaharlal Nehru Port:**
* Impact: These ports remain the primary entry points for natural rubber imports without advance authorization.
* Action Required: Continue facilitating natural rubber imports as per existing regulations for shipments not covered by advance authorization.
**Customs Authorities:**
* Impact: Need to enforce the revised policy, differentiating between imports under advance authorization and those without.
* Action Required: Update customs procedures to reflect the exemption from port restrictions for imports under advance authorization.
Key Entities Referenced
Foreign Trade Policy 2015-2020: A policy document governing import and export regulations.
Foreign Trade Development and Regulation Act 1992: Indian legislation that empowers the central government to regulate foreign trade.
Central Government: The executive authority of the Union of India, responsible for implementing the policies outlined in the notification.
ITC HS 2017 Schedule 1 Import Policy: Indian Trade Classification based on Harmonized System of Coding, which provides a systematic classification of goods for import and export purposes.
Natural Rubber: A commodity whose import policy is being amended by this notification, specifically under Exim code 4001.
Chennai, Tamil Nadu: A major seaport in India through which import of natural rubber is allowed.
Nhava Sheva Jawaharlal Nehru Port, Maharashtra: A major seaport in India through which import of natural rubber is allowed.
Alok Vardhan Chaturvedi: Director General of Foreign Trade, the signatory of the notification.
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 12th June, 2018
NO. 11/2015-2020
Subject: Amendment in import policy conditions of Natural Rubber under Exim code 4001 10 of
Chapter 40 of ITC (HS), 2017 – Schedule – 1 (Import Policy).
S.O. 2401(E).—In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with
paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central
Government hereby amends the Import Policy Conditions of Natural Rubber under Exim code 4001 of
Chapter 40 of ITC (HS), 2017 – Schedule – 1 (Import Policy) as under:
Exim Code Item Description Policy Revised Policy Condition
4001 Natural Rubber, Balata, Gutta- Free Import allowed only through sea ports of
Percha, Guayule, Chicle And Chennai and Nhava Sheva (Jawaharlal
Similar Natural Gums, In Primary Nehru Port).
Forms Or In Plates, Sheets Or
Strip,
However, Port Restriction shall not be
applicable on import under Advance
Authorization.
2. Effect of this Notification: Port restriction is not applicable on import of Natural Rubber of all varieties/forms
covered under EXIM Code 4001, under Advance Authorisation.
[F. No. 01/89/180/209/AM-02/PC-2 (A)/e-1550]
ALOK VARDHAN CHATURVEDI, Director General of Foreign Trade
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.