Introduction: The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade, has issued Notification No. 58/2023, dated 23rd January 2024, announcing a significant amendment in the import policy for Glufosinate Technical under HS Code 38089390 of Chapter 38 of Schedule –I (Import Policy) of ITC (HS) 2022.
Detailed Analysis: The amendment, outlined in S.O. 331(E), exercises powers conferred by the Foreign Trade (Development & Regulation) Act, 1992. It modifies the import policy condition for HS Code 38089390, specifically for ‘Glufosinate Technical’ with a purity of minimum 95% w/w [CAS No. 51276-47-2].
The existing policy allows free import if registered and not prohibited under the Insecticides Act, 1968, and its formulations. The revised policy introduces critical changes:
1. Import of ‘Glufosinate Technical’ is now “Prohibited” for CIF value below Rs. 1289/- per Kg.
2. Import becomes “Free” only if the CIF value is Rs. 1289/- or above per Kg.
3. This policy condition will undergo review after one year.
The notification provides the IUPAC name of ‘Glufosinate Technical’ as 2-amino-4-[hydroxy(methyl)phosphoryl] butanoic acid. The effective date of this amendment is 25th January 2024.
Conclusion: In conclusion, the amendment alters the import policy for ‘Glufosinate Technical,’ shifting it from a free import to a prohibited one if the CIF value is below a specified threshold. This change aims to regulate and control the import of this substance, ensuring compliance with necessary regulations. Stakeholders and businesses involved in the import of Glufosinate Technical should promptly adjust their strategies to align with the revised policy conditions. The review clause indicates a commitment to periodic evaluations, emphasizing the government’s proactive approach to trade regulation. Importers and industry players should stay vigilant for any future updates in this regard.
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
Notification No. 58/2023 – DGFT | Dated : 23rd January, 2024
Subject: Amendment in import policy condition of Glufosinate Technical covered under HS Code 38089390 of Chapter 38 of Schedule –I (Import Policy) of ITC (HS) 2022.
S.O. 331(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 import policy condition for the following HS Code covered under Chapter 38 of the ITC (HS), 2022, Schedule -I (Import Policy), with effect from 25.01.2024, as under:
HS code | Item Description | Existing Policy | Existing Policy Condition | Revised Policy Condition |
38089390 | — Other | Free | If registered and not prohibited for import under Insecticides Act, 1968 and formulations thereof. | (a) If registered and not prohibited for import under Insecticides Act, 1968 and formulations thereof.
(b) Import of ‘Glufosinate Technial’* (Purity – Minimum 95% w/w) [CAS No. 51276-47-2] is (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. |
* IUPAC Name: 2-amino-4-[hydorxy9methyl) phosphoryI] butanoic acid
Effect of the Notification: The import policy of ‘Glufosinate Technical’ under ITC (HS) Code 38089390 is revised from “Free” to “Prohibited”. Howevr, import shall be free if CIF value is Rs. 1289/- or above per Kg. This will be effective from 25.01.2024
This issue with the approval of Minister of Commerce & Industry.
[F. No. 01/89/180/16/AM-23/PC-2[A] /E-38206]
SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex-officio Addl. Secy