Executive Summary:
This notification amends the import policy conditions for Copra and Coconut Oil under Chapter 12 and 15 of ITC HS, 2017, Schedule I. It modifies the import permissions, specifically de-notifying STC as an STE for these commodities. The changes are effective as of December 21, 2020, and issued with the approval of the Minister of Commerce and Industry.
Key Points / Main Content:
Import Policy Amendment:
* Exim Code 1203 00 00 (Copra): Import is allowed through MMTC, subject to Para 2.20 of the Foreign Trade Policy.
* Exim Code 1513 11 00 (Coconut copra oil and its fractions : Crude oil): Import is allowed through STE, except STC, subject to Para 2.20 of the Foreign Trade Policy.
* Exim Code 1513 19 00 (Coconut copra oil and its fractions : Others): Import is allowed through STE, except STC, subject to Para 2.20 of the Foreign Trade Policy.
Effect of the Notification:
* Import of Copra (HS Code 1203 00 00) is permitted through MMTC.
* Import of Coconut oil (HS codes 1513 11 00 and 1513 19 00) is permitted through STEs, excluding STC.
Impact Analysis:
MMTC (Metals and Minerals Trading Corporation of India):
* Impact: MMTC is now permitted to import Copra under HS Code 1203 00 00.
* Action Required: MMTC should be aware of and comply with the revised import policy.
STEs (State Trading Enterprises) excluding STC:
* Impact: STEs excluding STC are permitted to import Coconut oil under HS codes 1513 11 00 and 1513 19 00.
* Action Required: STEs should be aware of and comply with the revised import policy.
STC (State Trading Corporation):
* Impact: STC is no longer permitted to import Coconut oil under HS codes 1513 11 00 and 1513 19 00.
* Action Required: STC should cease import activities for Coconut oil under the specified HS codes.
Importers of Copra and Coconut Oil:
* Impact: Importers must use MMTC for Copra and STEs (excluding STC) for Coconut Oil.
* Action Required: Adjust import procedures to comply with the new regulations, ensuring imports are routed through the designated entities.
Key Entities Referenced
Foreign Trade Policy, 2015-2020: A policy governing import and export activities, amended by this notification.
FTDR Act, 1992: Foreign Trade (Development and Regulation) Act, 1992, the legal basis for the notification.
Copra: A product derived from coconuts, specifically addressed in the import policy condition.
Coconut Oil: A product derived from coconuts, specifically addressed in the import policy condition.
MMTC: Minerals and Metals Trading Corporation of India, an agency through which import of Copra is allowed.
STE: State Trading Enterprise, an agency through which import of Coconut Oil is allowed (except STC).
STC: State Trading Corporation of India, an agency which is de-notified as STE for import of Copra and Coconut Oil
Amit Yadav: Director General of Foreign Trade and ex-officio Additional Secretary, who issued the notification.
रिज(cid:7021)(cid:7069)ी स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
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असाधारण
EXTRAORDINARY
भाग II—ख(cid:7003) ड 3—उप-ख(cid:7003)ड (ii)
PART II—Section 3—Sub-section (ii)
(cid:7079)ािधकार स े(cid:7079)कािशत
PUBLISHED BY AUTHORITY
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 21st December, 2020
No. 46 /2015-2020
Subject : Amendment in Import Policy Condition for de – notifying STC as an STE for import of Copra
and Coconut Oil under Chapter 12 and 15 of ITC (HS), 2017, Schedule – I (Import Policy).
S.O. 4634(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 policy conditions of the following Exim Codes as under:
Exim Code Item Policy Existing Policy Revised
Description
Condition Policy Conditions
1203 00 00 Copra State Import allowed through STC Import allowed through MMTC
Trading subject to Para 2.20 of Foreign subject to Para 2.20 of Foreign
Enterprise Trade Policy. Trade Policy.
1513 11 00 Coconut (copra) State Import allowed through STE Import allowed through
oil and its Trading subject to Para 2.20 of Foreign STE, except STC, subject
fractions : -- Enterprise Trade Policy to Para 2.20 of Foreign Trade
Crude oil Policy.
1513 19 00 Coconut (copra) State Import allowed through STE Import allowed through
oil and its Trading subject to Para 2.20 of Foreign STE,except STC subject to Para
fractions : -- Enterprise Trade Policy 2.20 of Foreign Trade Policy.[भाग II—ख(cid:7003) ड 3(ii)] भारत का राजप(cid:7074) : असाधारण 3
Effect of this Notification: Import of Copra under HS Code 1203 00 00 is allowed through MMTC; while import of
Coconut oil- under HS codes 1513 11 00 (Crude) and 1513 19 00 (Others) is allowed through STEs, except
STC.
This issues with the approval of Minister of Commerce & Industry.
[F. No. 01/89/180/36/AM-14/PC-2[A] /e-2273]
AMIT YADAV, Director General of Foreign Trade
& ex-officio Addl. Secy
Note : The principal notification No. 36/2015-2020, dated the 17th January, 2017 was published in the
Gazette of India, Extraordinary vide number S.O. 172(E) , dated the 17th January, 2017.
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.