Home India Ministry of Commerce and Industry Inclusion of Ports of Import in continuation to Notification...
Date: 2021-10-08 Category: Extra Ordinary State: Union Government Country: India

Inclusion of Ports of Import in continuation to Notification No. 20/2015 20 dated 24.08.2021, Notification No. 23/2015 20 dated 03.09.2021 and Notification No. 32/2015 2020 dated 25.09.2021.

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 October 8, 2021, amends previous notifications regarding ports of import under the Foreign Trade Policy 2015-2020. It adds Ranaghat Railway Station INRNG2 to the list of ports allowing imports under Notification No. 20/2015-20 dated August 24, 2021. All other conditions of the original notification and subsequent amendments remain in effect. Key Points / Main Content: * **Amendment:** * Notification No. 36/2015-2020 amends Para 3 of Notification No. 20/2015-20 dated August 24, 2021, in conjunction with Notifications 23/2015-20, 25/2015-20 and 32/2015-2020. * **Inclusion of Ranaghat Railway Station:** * Ranaghat Railway Station INRNG2 is added as a port for allowing imports under Notification No. 20/2015-20. * **Continuation of Existing Conditions:** * All other conditions mandated under Notification No. 20/2015-20 and subsequent related notifications remain applicable. Impact Analysis: * **Importers:** * Impact: Importers can now utilize Ranaghat Railway Station INRNG2 for importing goods under the terms specified in Notification No. 20/2015-20 and related notifications. * Action Required: Review the updated list of approved ports and ensure compliance with all existing conditions for imports. * **Customs Authorities:** * Impact: Customs authorities at Ranaghat Railway Station INRNG2 must now facilitate and regulate imports according to Notification No. 20/2015-20 and related notifications. * Action Required: Update procedures and systems to accommodate import activities at the newly included port, ensuring adherence to established guidelines. * **Directorate General of Foreign Trade (DGFT):** * Impact: DGFT is responsible for implementing and monitoring the amended policy. * Action Required: Ensure the updated list of ports is communicated effectively to all stakeholders and address any queries or issues arising from the amendment.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A policy document related to foreign trade, spanning the years 2015 to 2020. FTDR Act, 1992: Foreign Trade (Development and Regulation) Act, 1992. An act of the Indian Parliament to provide for the development and regulation of foreign trade. Notification No. 20/2015-2020 dated 24.08.2021: A notification issued by the Directorate General of Foreign Trade on August 24, 2021. Notification No. 23/2015-2020 dated 03.09.2021: A notification issued by the Directorate General of Foreign Trade on September 3, 2021. Notification No. 25/2015-2020 dated 13.09.2021: A notification issued by the Directorate General of Foreign Trade on September 13, 2021. Notification No. 32/2015-2020 dated 25.09.2021: A notification issued by the Directorate General of Foreign Trade on September 25, 2021. Directorate General of Foreign Trade: The government agency responsible for implementing foreign trade policy. Ranaghat Railway Station, West Bengal: A railway station in West Bengal, India designated as a port for imports. The code given is INRNG2
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