Trade Update 52

A. Amendment in Policy Condition No. 1 of Chapter 88 of ITC (HS) 2017, Schedule-I (Import Policy).
The Directorate General of Foreign Trade vide Notification No. 21/2015-2020 dated August 31, 2021 has revised policy condition no. 1 of Chapter 88 of ITC (HS) 2017, Schedule- I (Import Policy), in part (e) to allow import of aircrafts by Aircraft Leasing Entities in IFSC, located in GIFT city, Gandhinagar, Gujrat in line with the revised Air Transport Circular 02/2017 issued by DGCA. Further, the existing part (e) of Policy Condition 1 is revised and is now part (f) in the revised Policy condition due to the amendment in Rule 134B of Aircraft Rules, 1937 and doing away of permission by Ministry of Civil Aviation which is part of measures to reduce transaction cost and for ease of doing business.

Trade Notice is available at:
https://content.dgft.gov.in/Website/dgftprod/ad3a2c1f-bf0c-48f1-bdb6-f526f4eff574/Notification%2021%20dt%2031-08-21%20Eng.pdf

B. Inclusion of Ports of Import in continuation to Notification 20/2015-20 dated 24.08.2021.
The Directorate General of Foreign Trade vide Notification No. 23/2015-2020 dated September 03, 2021 has added the ports of Mumbai Sea Port (INBOM1), Tuticorin Sea Port (INTUT1), Vishakhapatnam Sea Port (INVTZ1) for allowing imports as under Notification no. 20/2015-20 dated August 24, 2021.

Trade Notice is available at:
https://content.dgft.gov.in/Website/dgftprod/d4c4c6fc-fb11-4876-b8d5-c8c2175945df/Notification%2023%20dated%203%20Sept%2021%20-%20Eng.pdf

C. Amendment in para 2.107 of Handbook Procedure of 2015-2020
The Directorate General of Foreign Trade vide Public Notice No.23/2015-2020 dated September 07,2021 has issued a public notice to revise paragraph 2.107 of Handbook of Procedure to incorporate certain items under under the Traffic Rate Quota (TRQ) under India-Mauritius CECPA

Trade Notice is available at:
https://content.dgft.gov.in/Website/dgftprod/7447e145-432d-4850-8de5-c3013288875f/PN%2023%20dt%2007-09-21%20ENGLISH.pdf

D. Amendment in Import Policy of Mercury under ITC HS Code 28054000 and insertion of Policy Condition No. 03 in Chapter 28 of ITC(HS), Schedule I(Import Policy).
The Directorate General of Foreign Trade vide Notification No. 24/2015-2020 dated September 09, 2021 has revised the import policy of Mercury from “Free” to “Restricted” subject to obtaining Prior Informed Consent from MoEF&CC

Trade Notice is available at:
https://content.dgft.gov.in/Website/dgftprod/83e77bc4-19b4-4b1f-8e22-e76d237aa6ea/Notification%20No.24%20English.pdf