Executive Summary:
This notification, issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, amends the import policy for items under Exim Code 1511 90 of Chapter 15 of ITC HS, 2017, Schedule I Import Policy. Effective January 8, 2020, the import policy for these items is changed from 'Free' to 'Restricted'. The amendment is made under the authority of Section 3 of the Foreign Trade (Development and Regulation) Act, 1992.
Key Points / Main Content:
* **Amendment Overview:** The import policy for items under Exim Code 1511 90 is amended.
* **Exim Code and Items Affected:**
* Exim Code: 1511 90
* Includes:
* 1511 90 10: Refined bleached deodorised palm oil
* 1511 90 20: Refined bleached deodorised palmolein
* 1511 90 90: Other
* **Policy Change:** The import policy for the specified items under Exim Code 1511 90 is changed from 'Free' to 'Restricted'.
* **Legal Basis:** The amendment is made in exercise of powers conferred by Section 3 of the Foreign Trade (Development and Regulation) Act, 1992.
* **Effective Date:** The notification is effective from January 8, 2020.
Impact Analysis:
Stakeholders impacted:
* **Importers:**
* Impact: Importers of items falling under Exim Code 1511 90 will face new restrictions.
* Action Required: Importers need to adhere to the new import restrictions for the specified items.
* **Directorate General of Foreign Trade (DGFT):**
* Impact: DGFT is responsible for implementing and enforcing the revised import policy.
* Action Required: DGFT needs to communicate and implement the policy change effectively.
* **Ministry of Commerce and Industry:**
* Impact: The ministry oversees the policy change and its impact on trade.
* Action Required: The ministry approved the issuance of the notification.
Key Entities Referenced
ITC HS, 2017, Schedule I Import Policy: Indian Trade Clarification based on Harmonized System of Coding, 2017, Schedule I Import Policy is a classification system used for import and export of goods.
Exim Code 1511 90: An Exim Code under Chapter 15 of ITC HS, 2017, Schedule I Import Policy, pertaining to specific items, in this case, related to palm oil.
Foreign Trade Policy, 2015-2020: A policy document outlining guidelines and regulations for foreign trade in India during the period 2015-2020.
Foreign Trade Development and Regulation Act, 1992: An act of the Indian Parliament to provide for the development and regulation of foreign trade.
New Delhi: The location of Directorate General of Foreign Trade notification, Union Territory of Delhi
Amit Yadav: Director General of Foreign Trade and Ex officio Additional Secretary.
Ministry of Commerce and Industry: The Indian government ministry responsible for the development and regulation of international trade and commerce.
Refined bleached deodorised palm oil: A type of palm oil whose import policy is being amended.
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 8th January, 2020
No. 39/2015-2020
Subject: Amendment in import policy of items under Exim Code 1511 90 of Chapter 15 of ITC (HS), 2017,
Schedule – I (Import Policy).
S.O. 113(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 of items under Exim Code 1511 90 of Chapter 15 of ITC (HS), 2017, Schedule – I
(Import Policy).
Exim Code Item Description Present Policy Revised Policy
1511 90 Other:
1511 90 10 Refined bleached deodorised palm oil Free Restricted
1511 90 20 Refined bleached deodorised palmolein Free Restricted
1511 90 90 Other Free Restricted
2. Effect of the Notification: Import policy of items under Exim code 1511 90 is amended from 'Free' to
'Restricted'.
This issues with the approval of Minister of Commerce & Industry.
[F. No. 01/89/180/Misc-52/AM-06/PC-2(A)/Part-I /e-19847]
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.