The DGFT vide Notification No. 17/2023 dated July 03, 2023, has made an amendment to the Import Policy Condition under ITC (HS) 08028010 of Chapter 08 of ITC (HS) 2022, Schedule – I (Import Policy). This amendment allows the import of 17,000 metric tonnes of fresh (green) Areca nuts from Bhutan without the requirement of a Minimum Import Price (“MIP”) condition. Furthermore, the import can be facilitated through LCS Chamurchi (“INCHMB”).
In exercise of powers conferred by Section 3 read with Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government hereby amends the import policy conditions of items under ITC HS 0802 80 10 of Chapter 08 of ITC (HS), 2022, Schedule – I (Import Policy):
|
ITC(HS) Code & Description |
Existing Policy | Existing Policy condition |
Revised Policy Condition |
|
08028010 – Areca nuts: — Whole |
Prohibited |
a) However, import is Free if CIF value is Rs. 351/- or above per Kilogram. b) MIP conditions, however, will not be applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZ subject to the condition that no DTA sale is allowed. c) Import of 17,000 Metric Tonnes of Fresh (green) Areca Nut without Minimum Import Price (MIP) condition shall be allowed from Bhutan every year. Such imports are allowed only: i) through LCS Jaigaon (INJIGB) only, and, ii) shall be subject to a valid Registration Certificate issued by DGFT. |
a) However, import is Free if CIF value is Rs. 351/- or above per Kilogram. b) MIP conditions, however, will not be applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZ subject to the condition that no DTA sale is allowed. c) Import of 17,000 Metric Tonnes of Fresh (green) Areca Nut without Minimum Import Price (MIP) condition shall be allowed from Bhutan every year. Such imports are allowed only: i) through LCS Jaigaon (INJIGB) and LCS Chamurchi (INCHMB) only, and, ii) shall be subject to a valid port-specific Registration Certificate issued by DGFT. |
The conditions set forth in DGFT Notification no. 36/2015-2020 dated September 28, 2022 read with Public Notice No. 61/2015-2020 dated March 20, 2023 are also applicable for LCS Chamurchi.
Effect of the Notification: Import of 17,000 Metric Tonnes of Fresh(green) Areca nut without a Minimum Import Price (MIP) condition from Bhutan shall also be allowed through LCS Chamurchi (INCHMB).
The Notification can be accessed at: https://content.dgft.gov.in/Website/dgftprod/508f32c6-e3d6-4970-a422-14e4ec3f3701/Notification%2017%20dt%2003-07-23%20Eng.pdf