Home India Ministry of Commerce and Industry In exercise of powers conferred by Section 3 of FT D R Act...
Date: 2018-08-21 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred by Section 3 of FT D R Act

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

Executive Summary: This notification, issued by the Directorate General of Foreign Trade on August 21, 2018, amends the import policy of biofuels. It revises the import policy from "Free" to "Restricted" under Chapter 22, 27, and 38 of ITC HS, 2017, Schedule I Import Policy. The amendment aligns with the National Biofuel Policy of June 4, 2018, restricting import for non-fuel purposes based on actual user conditions. Key Points / Main Content: * **Policy Amendment:** * The import policy for biofuels is amended from "Free" to "Restricted." * **Scope:** * This applies to items under Chapter 22, 27, and 38 of the ITC (HS), 2017, Schedule I Import Policy. * **Import Restrictions:** * Ethyl alcohol and other denatured spirits (2207 20 00): Import allowed only for non-fuel purposes, subject to actual user conditions. * Petroleum oils and oils from bituminous minerals (2710 20 00): Import allowed only for non-fuel purposes, subject to actual user conditions. * Biodiesel and mixtures (3826 00 00): Import allowed only for non-fuel purposes, subject to actual user conditions. * **Justification:** * This amendment is in accordance with the National Biofuel Policy, dated June 4, 2018. Impact Analysis: * **Biofuel Importers:** * Impact: Biofuel importers are now subject to import restrictions, requiring them to demonstrate that the imported biofuels are for non-fuel purposes and meet the actual user condition. * Action Required: Importers must comply with the "Restricted" import policy and provide necessary documentation to prove the end-use is non-fuel related. * **Industries Using Biofuels for Non-Fuel Purposes:** * Impact: Industries using biofuels for non-fuel applications can continue importing biofuels, but they must adhere to the actual user condition. * Action Required: These industries need to ensure they meet the actual user condition and maintain records to demonstrate the non-fuel use of imported biofuels. * **Government Agencies (e.g., Customs, DGFT):** * Impact: Government agencies responsible for trade regulation and enforcement will need to implement and monitor the new import policy. * Action Required: Update procedures and guidelines to reflect the "Restricted" import policy for biofuels and verify compliance with the actual user condition.

Key Entities Referenced

Foreign Trade Policy, 2015-2020: A policy document referenced for amendments related to biofuel imports. Foreign Trade Development and Regulation Act, 1992: The act that provides the power for the Central Government to amend import policies. Central Government: The governing body responsible for amending the import policy of biofuels. ITC HS, 2017, Schedule I Import Policy: Nomenclature used to classify goods for international trade, specifically related to import policies, under Chapters 22, 27, and 38. Biofuels: The subject of the import policy amendment, specifically regarding ethyl alcohol, petroleum oils, and biodiesel. National Biofuel Policy, 4 June 2018: The policy that guides the import of biofuels for nonfuel purposes on an actual user basis. Alok Vardhan Chaturvedi: Director General of Foreign Trade, ex-officio Additional Secretary, the signatory of the notification. Ministry of Commerce and Industry: The ministry overseeing the Department of Commerce and the Directorate General of Foreign Trade.
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