The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, Government of India, has issued Public Notice No. 08/2024-25 on 3rd June 2024. This notice pertains to an amendment in Appendix 6B of the Foreign Trade Policy (FTP) and the Indian Industrial Base Products (IIBP) concerning the value addition requirements for spices categorized under Chapter 9 of the Indian Trade Classification (ITC) Harmonized System (HS) Code.
The amendment specifically targets Paragraph 10(ii) of Appendix 6B of the FTP/HBP 2023. Previously, the requirement mandated a minimum value addition of 25% for spices falling under Chapter 9 of the ITC(HS) Code. However, with this amendment, the directive is refined. Now, the 25% value addition is only applicable when both the export and import items belong to Chapter 9 of the ITC(HS) Code. For all other cases, the minimum value addition remains at 15%.
This adjustment aims to align the provisions with Chapter 4 of the FTP/HBP, ensuring consistency in regulations concerning value addition for spices covered under Chapter 9 of the ITC(HS) Code.
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Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Public Notice No. 08/2024-25 -DGFT | Dated: 3rdJune, 2024
Subject: Amendment in Appendix – 6B of FTP/ IIBP,2023 – Regarding
In exercise of the powers conferred under Paragraphs 1.03 and 2.04 of the Foreign Trade Policy, 2023, the Director General of Foreign Trade hereby amends Para 10 (ii) of Appendix —6B of FTP/ HBP, 2023. The amendment in Appendix 6B is as follows:
| Existing Paragraph | Amended Paragraph |
| (10) SPICES (COVERED BY CHAPTER 9 OF THE ITC(HS) CLASSIFICATIONS OF EXPORT & IMPORT ITEMS:
(ii) A minimum value addition of 25% shall(ii) have to be fulfilled.
|
(10) SPICES (COVERED BY CHAPTER 9 OF THE ITC(HS) CLASSIFICATIONS OF EXPORT & IMPORT ITEMS:
A minimum value addition of 25% shall have to be fulfilled in the case of spices only where both export as well as import items pertain to Chapter 9 of the ITC( HS) Code. (iii) In all other cases the value addition will be 15% |
2. Effect of this Public Notice:
To bring parity with provisions of Chapter 4 of the FTP/HBP regarding value addition for spices covered under Chapter 9 of the ITC(HS) Code, the provisions of Chapter 6 of the FTP/HBP (Appendix 6B) are being amended to the extent that in the case of spices, a minimum value addition of 25% shall have to be fulfilled only where both export as well as import item pertains to Chapter 9 of ITC( HS) Code. In all other cases, the value addition will be 15%.
[F.No. 01/92/180/92/AM24/PC-6/E-38426
(Santosh Kumar Sarangi)
Director General of Foreign Trade
Ex-Officio Additional Secretary to the Government of India
E-mail: dgft@nic.in
(Issued from F.No. 01/92/180/92/AM24/PC-6/E-38426)
