The DGFT vide Notification No. 48/2015-2020 dated December 08, 2022 has de-notified the MMTC as an STE for import of Copra under HS Code 12030000 shall be allowed through NAFED.
In exercise of powers conferred by Section 3 and 5 of Foreign Trade (Development & Regulation) 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 Policy Condition of HS Code 12030000 under Chapter 12 of ITC (HS), 2022, Schedule-I (Import Policy), as under:
|
Exim Code |
Item Description |
Policy |
Existing Policy Condition | Revised Policy Condition |
|
12030000 |
Copra |
State Trading Enterprise |
Import allowed through MMTC subject to Para 2.20 of Foreign Trade Policy |
Import allowed through NAFED subject to Para 2.20 of Foreign Trade Policy |
Effect of this Notification:
MMTC has been de-notified as a STE. Henceforth, import of Copra under HS Code 12030000 shall be allowed through NAFED.
This issues with the approval of Minister of Commerce & Industry.
The Notification can be accessed at: https://content.dgft.gov.in/Website/dgftprod/7ec70f56-057b-489f-8976-3d67f287889e/Noti%2048%20-%20E.pdf
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