Home India Ministry of Commerce and Industry In exercise of powers conferred by Section 3 of FT D And R A...
Date: 2018-07-27 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred by Section 3 of FT D And R Act, 1992, read with

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

This notification, No. 23/2015-2020, issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, dated July 27, 2018, amends the import policy conditions for urea under Chapter 31 of the ITC (HS) 2017, Schedule I. Specifically, it pertains to Exim Code 3102 10 00, concerning urea, whether or not in aqueous solution. The amendment stipulates that while the import of urea is generally under State Trading Enterprise, the import of urea for industrial/non-agricultural technical grade is now "Free" subject to the Actual User condition. This notification is issued in exercise of powers conferred by Section 3 of the Foreign Trade (Development and Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020. The effect of this notification is to liberalize the import of industrial/non-agricultural technical grade urea, making it free for actual users. The file number for reference is F.No. 01/89/180/102/AM02/PC-2[Part-III]/E-1883. Alok Vardhan Chaturvedi, Director General of Foreign Trade, has issued the notification.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A policy document governing foreign trade, referenced in the notification. Foreign Trade Development and Regulation Act 1992: Indian legislation that empowers the central government to regulate foreign trade. Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and commerce. Directorate General of Foreign Trade: A department within the Ministry of Commerce and Industry responsible for implementing foreign trade policy. ITC HS 2017: Indian Trade Clarification based on Harmonized System of Coding. Used for import and export classifications. This notification amends policy conditions related to Chapter 31 of this schedule. Urea: A chemical compound (specifically, industrial/non-agricultural technical grade urea) whose import policy is being amended by this notification. Alok Vardhan Chaturvedi: Director General of Foreign Trade, who signed the notification. New Delhi, Delhi: The city in which the notification was issued.
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