The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade, has released a notification regarding the amendment in the import policy for Potatoes under ITC(HS) code 07019000. The revised policy allows the import of Potatoes from Bhutan without any import license until June 2024. This notification highlights the latest changes in the import policy and ensures that stakeholders are aware of the updated regulations.
Analysis: The notification amends the import policy condition for Potatoes under ITC(HS) code 07019000. Previously, the import of Potatoes from Bhutan was permitted freely without any license until June 30, 2023. However, with the latest amendment, the revised policy extends the period for importing Potatoes from Bhutan without any license until June 30, 2024. This update provides clarity and allows businesses to continue importing Potatoes from Bhutan without any additional requirements.
The amendment aligns with the powers conferred by the Foreign Trade (Development & Regulation) Act, 1992, and the Foreign Trade Policy, 2023. The Ministry of Commerce and Industry aims to facilitate trade and ensure smooth import processes by updating and modifying import policies as necessary.
Conclusion: The Ministry of Commerce and Industry’s recent notification brings an important amendment to the import policy for Potatoes under ITC(HS) code 07019000. The revised policy allows the import of Potatoes from Bhutan without any import license until June 30, 2024.
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
New Delhi
Notification No. 16/2023-DGFT | Dated: 3rd July 2023
Subject: Amendment in import policy condition for items under ITC(HS) code 07019000 of Chapter 07 of ITC (HS), 2022, Schedule – I (Import Policy)
S.O. 2901(E).—In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) 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 policy condition of item under Chapter 07 of ITC (HS), 2022, Schedule – I (Import Policy):
|
ITC(HS) |
Item description | Policy | Existing Policy Condition | Revised Policy Condition |
| 07019000 | Potatoes, fresh or chilled: Other | Restricted | Import of Potatoes from Bhutan is permitted freely, without any license, up to 30th June 2023. | Import of Potatoes from Bhutan is permitted freely, without any license, up to 30th June 2024. |
Effect of the Notification:
Import of Potatoes under ITC(HS) code 07019000 is allowed from Bhutan without any Import License, up to 30thJune 2024.
This issues with the approval of Minister of Commerce & Industry.
[F. No. 01/89/180/02/AM-17/PC-2(A)/E-3200]
SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex- officio Addl. Secy.
