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Date: 01-Aug-2024 Category: Extra Ordinary State: Union Government Country: India

Inclusion of Kandla and Vishakhapatnam Sea portsfor Export of Essential Commodities to Maldives during FY 202425

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

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Executive Summary & Key Takeaways

What it means

  • This gazette notification from the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India, amends Notification No. 06/2023 dated 15.04.2024. The amendment adds two more seaports to the list of permitted ports for exporting essential commodities (categorized as prohibited/restricted) to the Maldives during the fiscal year 2024-25.

Key Changes

  • Two additional seaports, Kandla (INIXY1) and Vishakhapatnam (INVTZ1), are now permitted for the export of essential commodities to the Maldives.
  • This increases the total number of permitted ports from 4 (as per Notification No. 06/2023) to 6.
  • The amendment applies specifically to essential commodities classified under the Prohibited/Restricted category for export to the Maldives.
  • The amendment is effective for the fiscal year 2024-25 (April 1, 2024 – March 31, 2025).

Impact Analysis

Impact on Exporters

  • Need for updated procedures: Exporters need to update their export procedures to include the new ports in their shipping plans.

Impact on Port Authorities

  • Need for infrastructure upgrades: The increased activity may necessitate infrastructure upgrades to handle the additional volume.

Impact on the Maldives

  • Strengthened trade relations: The amendment could further strengthen trade relations between India and the Maldives.

Suggested Action Items

  • Regular monitoring of the impact of the amendment should be conducted by the DGFT to assess its effectiveness.

Key Entities Referenced

Directorate General of Foreign Trade (DGFT): The issuing authority of the notification, responsible for regulating foreign trade in India. Ministry of Commerce and Industry: The parent ministry under which the DGFT operates. Foreign Trade (Development & Regulation) Act, 1992: The legal framework under which the notification is issued. Foreign Trade Policy (FTP) 2023: The policy document that guides foreign trade in India. This notification amends the policy as it existed on the date of issuance. Notification No. 06/2023 dated 15.04.2024: The previous notification that this amendment modifies. Republic of Maldives: The recipient country of the exported essential commodities. Kandla Sea Port (INIXY1) and Vishakhapatnam Sea Port (INVTZ1): The two seaports added to the list of permitted ports for exporting essential commodities to the Maldives.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-01082024-255995 CG-DxLx-xEG-I0D1H0x8x2x0 24-255995 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 2928] नई दिल्ली, बृहस्ट्प जतवार, अगस्ट्त 1, 2024/श्रावण 10, 1946 No. 2928] NEW DELHI, THURSDAY, AUGUST 1, 2024/SHRAVANA 10, 1946 ubZ fnYyh] 1 vxLr] 2024 le;≤ ij ;Fkk la'kksfèkr] fons'k O;kikj uhfr ¼,QVhih½ 2023 ds iSjk xzkQ 1-02 vkSj 2-01 ds lkFk ifBr] fon's k O;kikj ¼fodkl vkSj fofu;eu½ vfèkfu;e] 1992 dh èkkjk 5 ds lkFk ifBr èkkjk 3 }kjk çnÙk 'kfä;k sa dk ç;kxs djrs gq,] dsæa ljdkj ,rn~}kjk foÙkh; o"kZ 2024&25 dh vofèk ds nkSjku ekynho x.kjkT; ds fy, fuf"k)@çfrcafèkr Js.kh ds rgr vko';d oLrqvks a ds fu;kZr ds fy, ¼2½ vfrfjä iÙkuksa dks 'kkfey dju s grs q vfèklwpuk la[;k 06@2023 fnukad 15-04-2024 dks la'kksfèkr djrh gS%& i. dkaMyk leqnzh ¼vkb,uvkb,Dlokb1½ ii- fo'kk[kkiÙkue leqnzh ¼vkb,uohVhtsM1½ 4780 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] dkaMyk vkSj fo'kk[kkiÙkue lhek 'kqYd leqæh iÙkuka s dks vko';d oLrqvkas ds fu;kZr grs q vuqefr iznku fd, x, iÙkuka s dh lwph esa tksM+k x;k gS tk s foÙkh; o"kZ 2024&25 ds fy, ekynho x.kjkT; ds fy,] fuf"k)@çfrcfaèkr J.s kh ds varxZr gSaA ;g igys dh vfèklwpuk la[;k 06@2023 fnukda 15 vçSy 2024 esa lwphc) ¼4½ iÙkuksa ds vfrfjä gSA [Qk- la- 01@91@171@59@,,e 20@bZlh@bZ&20816] Lakrks"k dqekj lkjaxh] egkfun's kd fons'k O;kikj insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 1st August, 2024 No. 22/2024-25 Subject: Inclusion of Kandla and Vishakhapatnam Sea portsfor Export of Essential Commodities to Maldives during FY 2024-25 -reg. S.O. 3069(E).—In exercise of the powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP)2023, as amended from time to time, the Central Government hereby amends Notification No. 06/2023 dated 15.04.2024 incorporating (2) additional Ports for Export of Essential Commodities under Prohibited/Restricted category to the Republic of Maldives during the period FY 2024-25:- i. Kandla Sea (INIXY1) ii. Vishakhapatnam Sea (INVTZ1) Effect of this notification: Kandla and Vishakhapatnam Customs Sea ports have been added to the list of ports allowed forExport of Essential Commodities, which are under the Prohibited/Restricted category, to the Republic of Maldives for the fiscal year 2024-25. This is in addition to the (4) ports listed in the earlier Notification No. 06/2023 dated15thApril 2024. [F. No. 01/91/171/59/AM20/EC/E-20816] SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex-officio Addl. Secy. 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.

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