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Trade Update 64
A. Amendment in import policy conditions of items under ITC HS 0106 90 00 of Chapter 01 of ITC (HS), 2022, Schedule – I (Import Policy).
The Directorate General of Foreign Trade vide Notification No. 57/2015-2020 dated March 07, 2022 has notified that the Import of only ‘Drosophila melanogaster’ under ITC (HS) 01069000 is ‘Free’ subject to IBSC approval, as per the provisions of the ‘Revised Simplified Procedures/Guidelines on Import, Export and Exchange of GE organisms and products thereof for R&D purpose’ notified by the Department of Biotechnology vide OM No. BT/BS/17/635/2015-PID dated 17.01.2020. The import of ‘Drosophila melanogaster’ which does not fall under the provisions of aforesaid Revised Simplified Procedures would require an import authorisation from DGFT.
B. Extension of last date for submission of applications under certain Scrip based Schemes.
The Directorate General of Foreign Trade vide Notification No. 58/2015-2020 dated March 07, 2022 has notified that the last date for submitting applications under MEIS (for exports made in the period – 01.04.2020 to 31.12.2020), ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP, only for exports made in the period 01.01.2020 to 31.03.2020) has been extended. The provisions as notified vide Notification No. 30 dated 01.09.2020 with regard to allocation of Rs 5,000 Cr. stand omitted.
C. Amendment in import policy and insertion of policy condition under Chapter 29 and 38 of ITC (HS), 2022, Schedule — I (Import Policy).
The Directorate General of Foreign Trade vide Notification No. 59/2015-2020 dated March 09, 2022 has notified that the import policy of Hydro fluorocarbons (HFCs) has been revised from ‘Free’ to `Restricted’ subject to NOC from MoEF&CC.