Amendment in Import policy of Areca Nut - Revision of CIF value - 10/2015-2020 - Foreign Trade Policy

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-II, SECTION-3, SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION No. 10/2015-2020 New Delhi, the 8th June, 2015. S.O. (E): In exercise of powers conferred by Section 3 of FT (D R) Act, 1992 , read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, the Central Government hereby amends the Import Policy of Areca Nut under ITC (HS) code 0802 80 10 , 0802 80 20, 0802 80 30 and 0802 80 90 of Chapter 8 of ITC (HS) 2012 Schedule -1 (Import Policy) as under: The CIF value of Areca Nuts under the following Exim Codes of Chapter 8 of ITC (HS) 2012, Schedule 1 (Import Policy) is revised from the present Rs.110/- and above per Kilogram to Rs. 162/- and above per Kilogram . The revised entries shall be as under: Exim Code Item Description Policy Policy Conditions Areca Nuts: 0802 80 10 Whole Free Provided CIF value is ₹ 162/- and above per Kilogram . 0802 80 20 Split Free Provided CIF value is ₹ 162/- and above per Kilogram . 0802 80 30 Ground Free Provided CIF value is ₹ 162/- and above per Kilogram . 0802 80 90 Other Free Provided CIF value is ₹ 162/- and above per Kilogram . 2. Effect of this Amendment: The minimum price for import of Areca Nuts is enhanced from existing ₹ 110/- to ₹ 162/- per Kilogram. (Pravir Kumar) Director General of Foreign Trade E-mail: [email protected] (Issued from File No.01/89/180/0043/AM-01/PC-2(A)(Vol-II)