Home India Ministry of Commerce and Industry In exercise of powers conferred by Section 3 of FT DR Act, 1...
Date: 2016-09-09 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred by Section 3 of FT DR Act, 1992, read with paragraph 1 02 and 2 01 of the Foreign Trade

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

This notification, No. 26/2015-2020, issued by the Ministry of Commerce and Industry, Department of Commerce, on September 9, 2016, amends the import policy of Urea under ITC HS code 3102 10 00 of Chapter 31 of ITC HS, 2012 Schedule 1 Import Policy. The amendment removes the Actual User (AU) condition on the import of Industrial Urea Technical Grade Urea (TGU). The revised policy states that import of Industrial Urea Technical Grade Urea (TGU) shall be free. The existing policy stated that import of Industrial Urea Technical Grade Urea TGU shall be free, subject to 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 paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time. A. Anup Wadhawan, Director General of Foreign Trade, issued the notification, which bears file number F. No. 01/89/180/102/AM02/PC-2.

Key Entities Referenced

Foreign Trade Policy, 2015-2020: A trade policy document referenced as being amended. Foreign Trade (Development and Regulation) Act, 1992: A legal act that empowers the central government in regard to foreign trade. ITC HS (Indian Trade Clarification based on Harmonized System) code 3102 10 00: The specific HS code pertaining to Urea, which is the subject of the import policy amendment. Urea: The commodity whose import policy is being amended in the notification. State Trading Enterprise: The existing import policy for Urea, which involves State Trading Enterprise. Industrial Urea Technical Grade Urea TGU: A specific grade of Urea whose import is being liberalized by removing the Actual User condition. Anup Wadhawan: The Director General of Foreign Trade, who signed the notification. Ministry of Commerce and Industry: The ministry under which the Department of Commerce operates, responsible for this notification.
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