Amendment in import policy condition of Urea [Exim Code 31021000] in the ITC (HS) 2017, Schedule - I (Import Policy) - 40/2015-2020 - Foreign Trade Policy

GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) UDYOG BHAWAN, NEW DELHI NOTIFICATION NO. 40/2015-2020 New Delhi, the 03 November, 2021 Subject: Amendment in import policy condition of Urea [Exim Code 31021000] in the ITC (HS) 2017, Schedule - I (Import Policy). S.O. 4594 (E): In exercise of powers conferred by Section 3 and Section 5 of FT (D R) Act, 1992 , read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the policy condition of Urea [EXIM code 31021000] of Chapter 31 of ITC (HS), 2017, Schedule - I (Import Policy) , with immediate effect, as under: Exim Code Item Description Policy Existing Policy Condition Revised Policy Condition 31021000 Urea, whether or not in aqueous solution State Trading Enterprise Import allowed through STC, MMTC and RCF subject to Para 2.20 of Foreign Trade Policy, 2015-2020. However, import of Technical Grade Urea (TGU) meant for non - agriculture purpose / Industrial use/ NPK Manufacturing shall be Free. Import allowed through RCF and NFL subject to Para 2.20 of Foreign Trade Policy, 2015-2020. In addition import of Urea is also allowed through IPL for a period upto 31.3.2022. However, import of Technical Grade Urea (TGU) meant for non-agricultural Purpose/ industrial use/ NPK Manufacturing shall be Free . 2. Effect of the Notification: In addition to Rashtriya Chemicals Fertilizers Limited (RCF), Import of Urea is allowed through National Fertilizers Limited (NFL) and Indian Potash Limited (IPL) subject to Para 2.20 of Foreign Trade Policy, 2015-2020 . The NFL and IPL are designated as STE for import of Urea on Government account. However, IPL is allowed to import Urea on Government account till 31.03.2022 only. Henceforth, the MMTC and STC are dc-notified as STE for import of Urea. This issues with the approval of Minister of Commerce Industry. (Amit Yadav) Director General of Foreign Trade Ex-Officio Additional Secretary, GoI [email protected] (F. No. 01/89/180/102/AM-02/PC-2(A) Part-II/E-1715)