Sponsored
    Follow Us:
Sponsored

The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, Government of India, has issued Notification No. 14/2024-25 dated 3rd June 2024, introducing amendments in the item description of ‘Glufosinate Technical’ under HS Code 38089390.

Previously, the import policy conditions for ‘Glufosinate Technical’ were governed by Notification No. 58/2023 dated 23.01.2024. However, with the issuance of Notification No. 14/2024-25, significant changes have been made to the item description.

Under the revised policy, the import of ‘Glufosinate and its salts’ with a minimum purity of 95% w/w is prohibited for CIF value below Rs. 1289/- per Kg. Import of these substances will only be permitted if the CIF value is Rs. 1289/- or above per Kg.

Furthermore, the new policy explicitly states that import shall be ‘free’ only if the CIF value is Rs. 1289/- or above per Kg. The revision indicates a shift in the import policy framework concerning ‘Glufosinate and its salts,’ emphasizing stricter regulations and conditions for importation.

The amendment also clarifies that the revised policy condition shall be reviewed after a period of one year from the date of publication of Notification No. 58/2023 dated 23.01.2024.

*****

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan

Notification No. 14/2024-25 -DGFT | Dated: 3rd June, 2024

Subject: Amendment in item description of ‘Glufosinate Technical’ covered under HS Code 38089390 of Chapter 38 of Schedule —I (Import Policy) of ITC (HS) 2022.

S.O. 2165 (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 item description of ‘Glufosinate Technical’ under Chapter 38 of the ITC (HS), 2022, Schedule -I (Import Policy), in supersession of Notification No. 58/2023 dated 23.01.2024, as under: (changes made are indicated in bold letters):

HS code Item

Description

Existing Policy Existing Policy Condition Revised Policy Condition
38089390—

 

Other Free (a) If registered and not prohibited for import under Insecticides Act, 1968 and formulations thereof.

(b) Import of ‘Glufosinate Technical’ (Purity — Minimum 95% w/w) [CAS No. 51276-47-2] is “Prohibited” for CIF value below Rs. 1289/- per Kg.

(c) However, import of ‘Glufosinate Technical’ is “Free” for CIF value of Rs . 1289/- or above per Kg (d) The said policy condition shall be reviewed after a period of one year.

(a) If registered and not prohibited for import under Insecticides Act, 1968 and formulations thereof.

(b) Import of `Glufosinate and its salts’ (Purity — Minimum 95% w/w) is “Prohibited” for CIF value below Rs. 1289/- per Kg.

(c) However, import of,
GI ufosinate and its
salts’
is “Free” for CIF value of Rs. 1289/ or above per Kg.

(d) The said policy condition shall be reviewed after a period of one year w.e.f. the date of publication of Notification No. 58/2023 dated 23.01.2024.

Effect of the Notification: The item description of ‘Glufosinate Technical’ under ITC (HS) Code 38089390 has been revised. Henceforth, `Glufosinate and its salts’ having any technical name, IUPAC name and CAS No. etc. shall be ‘Prohibited’ for import. However, import shall be ‘free’ only if CIF value is Rs. 1289/- or above per Kg.

This issue with the approval of Minister of Commerce & Industry.

(Santosh Kumar Sarangi)
Director General of Foreign Trade &
Ex-officio Addl. Secretary to the Government of India
E-mail: dgft@nic.in

[Issued from File No. 01/89/180/16/AM-23/PC-2[A] /E-38206]

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031