Discontinuation of Safeguard measures on import of Isopropyl alcohol (IPA), under Chapter 29 of ITC (HS) 2022, Schedule-I (Import Policy). - DGFT - Trade Notice No. 02/2024-25

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Dated:. 18th April, 2024 Trade Notice No. 02/2024-25 To 1. Members of Trade and Industry 2. All EPCs / Trade and Industry Associations/Other Industry Bodies 3. All Regional Authorities (RAs) of DGFT 4. Customs Commissionerates 5. Joint Secretary (Customs), CBIC, Deptt. of Revenue Subject: Discontinuation of Safeguard measures on import of Isopropyl alcohol (IPA), under Chapter 29 of ITC (HS) 2022, Schedule-I (Import Policy) regarding. Reference is invited to DGFT Notification No. 64/2015-20 dated 31.03.2023 and Public Notice No. 04/2015-20 dated 11.04.2023 whereby country-wise Quantitative Restrictions (QR) on import of IPA was notified, for a period of one year i.e. 2023-24, effective from 01.04.2023 upto 31.03.2024, subject to any review by the Government at any point of time, as deemed fit. 2. Through Para 5 of the said Notification dated 31.03.2024, it was clearly mentioned that the country-wise quantitative restrictions shall be effective for a period of one year only and will cease automatically on 31.03.2024. However, there are inquiries from the trade industry and other agencies regarding official termination of the said safeguard measures on IPA. 3. Accordingly, it is informed that country-wise QR measures imposed on import of Isopropyl alcohol (IPA) under HS code 29051220 . in terms of Notification No. 64/2015-20 dated 31.03.2023 have discontinued wef 01.04.2024 and import of IPA is now Free without any Policy Condition. This issues with the approval of the competent authority संजय कुमार तिवारी उप महानिदेशक विदेश व्यापार E-mail: sanjay.kt@nic.in (Issued from File No.01/89/180/Misc.-3/AM-04/PC-2[A]/E-1877)