Amendment in Import Policy Condition under Chapter 29 of ITC (HS) 2022, Schedule - I (Import Policy) - 64/2015-2020 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department of Commerce Vanijya Bhawan, New Delhi Notification No: 64/2015-2020 New Delhi, the 31 st March, 2023 Subject: Amendment in Import Policy Condition under Chapter 29 of ITC (HS) 2022, Schedule - I (Import Policy) S. O. 1586 (E) - Whereas, the Authorized Officer i.e., DGTR in its final findings, vide Notification No. No. 22/6/2019-DGTR dated 30.09.2021, published in the Gazette of India, Extraordinary, Part I, Section 1, had recommended in terms of Section 9A(1) of the FTDR Act, 1992, to impose country-wise quantitative restrictions on import of 'Isopropyl alcohol' (IPA) following a safeguard investigation under the Safeguard Measures (Quantitative Restrictions) Rules, 2012 . 2. Accordingly, in exercise of powers conferred by Section 3 , Section 5 and Section 9A of FTDR 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 after considering the aforesaid Notification dated 30.09.2021 of DGTR, hereby makes the following amendments by inserting a new Policy Condition at SI. No. 6 in Chapter 29 of ITC (HS), 2022, Schedule - I (Import Policy) :- Exim Code Item Description Policy New Policy condition 29051220 Isopropyl alcohol (IPA) Free Policy Condition No. (6) Import of Isopropyl alcohol (IPA) shall be allowed subject to country-wise quantitative restriction (QR) for a period of one year only i.e., 2023-24 effective from 01.04.2023, unless notified otherwise subject to a valid Registration Certificate(RC) issued by the DGFT. 3. The country-wise quantitative restriction (QR) for import of IPA are as under: Country Quantitative Restriction (in MT) Financial Year 2023-24 Quarter 1st 2nd 3rd 4th China PR 9,924 9,924 10,526 10,526 Germany 2,116 2,116 2,244 2,244 Japan 1,496 1,496 1,587 1,587 Korea RP 6,290 6,290 6,672 6,672 Netherland 2,421 2,421 2,568 2,568 Singapore 2,668 2,668 2,830 2,830 Taiwan 4,296 4,296 4,557 4,557 USA 2,214 2,214 2,348 2,348 Other Countries 710 710 753 753 Grand Total 32,134 32,134 34,085 34,085 4. The quantitative restrictions for import of IPA shall be subject to the following conditions : (i) Imports would be permitted through the EDI ports only to facilitate electronic/ real-time monitoring of QR; (ii) The QR would be monitored on quarterly basis; (iii) The total imports allowed in any quarter shall not exceed the total of that quarter and the next quarter. Accordingly, any excessively utilised QR for a quarter shall be deducted from the QR for the next quarter; (iv) Any unutilised QR for a quarter shall be added to next quarter; (v) In case, the countries with specific quantity exhaust their allocated QR, such countries may use the available residual quantity, as may be notified subsequently; and (vi) If necessary, further modalities will be notified separately governing such QR, in accordance with relevant legal provisions. 5. The country-wise quantitative restrictions shall be effective for a period of one year only and will cease automatically on 31.03.2024. Further, the Central Government reserves the right to review and make any changes in the said safeguard measures at any point of time, as deemed fit. 6. Effect of the Notification: Based on the final findings of the Authorized Officer i.e., DGTR, vide Notification No. 22/6/2019-DGTR dated 30.09.2021, country-wise Quantitative Restrictions(QR) on import of Isopropyl Alcohol (IPA) have been notified for a period of one year i.e. 2023-24, effective from 01.04.2023 upto 31.03.2024. The Central Government may, however, review the policy and make any changes at any point of time, as deemed fit. This issues with the approval of Minister of Commerce Industry. (Santosh Kumar Sarangi) Director General of Foreign Trade Ex-officio Additional Secretary to the Government of India E-mail:[email protected] [Issued from F. No. 01/89/180/Misc-3/AM-04/PC-2[A]/E-1877]