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Amendment in Export Policy of Biomass
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Export policy change: agri-residue biomass and briquettes/pellets permitted for free export while fodder remains restricted.
The amendment to Schedule 2 of the ITC(HS) Export Policy places Agri Residue Based Biomass and associated briquettes/pellets under the Free export category with immediate effect, while exports of fodder, including wheat and rice straw, remain Restricted and continue to require controls.
Amendment in import policy and policy condition of ITC (HS) Code 080280 of Chapter-08 and ITC (HS) Code 2106 90 30 of Chapter-21 of ITC (HS), 2022, Schedule-I (Import Policy)
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Minimum Import Price change raises threshold for areca imports and restricts supari imports, with EOUs/SEZ exemptions.
The notification raises the Minimum Import Price (MIP) threshold for ITC (HS) 080280 areca nut tariff lines, permitting import only when CIF meets the revised MIP, and changes ITC (HS) 21069030 (Supari) from free to prohibited but similarly permits import if CIF meets the revised MIP. MIP conditions do not apply to imports by 100% EOUs and SEZ units when no DTA sale is allowed.
Addition of Gemological Science International (GSI) Pvt. Ltd., Mumbai, Maharashtra, India in Para 4.42 of Foreign Trade Policy (2015-20)
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Import permission for diamond certification added: GSI Pvt. Ltd. authorized to import diamonds for grading and re-export.
Gemological Science International (GSI) Pvt. Ltd., Mumbai, Maharashtra is inserted at serial no. (6) of paragraph 4.42 of the Foreign Trade Policy (2015 20), thereby authorizing GSI as a permitted agency to import diamonds for certification and grading and to re export them under the existing policy framework.
Alignment of RoDTEP Schedule for chapter 28, 29, 30 & 73 with First Schedule of the Customs Tariff Act, 1975
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RoDTEP schedule aligned with Customs Tariff First Schedule for chapters 28, 29, 30 & 73 effective 15.02.2023.
Notification revises and aligns RoDTEP Appendix 4R for chapters 28, 29, 30 and 73 with the First Schedule of the Customs Tariff Act, 1975. The revised Appendix 4R - specifying eligible export items, RoDTEP rates (percentage of FOB or fixed quantum), units of quantity per the First Schedule and per-unit caps - is effective 15.02.2023 and applies to exports from 15.02.2023 to 30.09.2023, subject to further revisions under the Scheme's budgetary framework; the full Schedule is published on the DGFT portal under Regulatory Updates > RoDTEP.
Amendment in import policy condition of Urea [Exim Code 31021000] in the ITC (HS) 2022, Schedule -1 (Import Policy)
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Import policy for urea: authorized fertilizer marketing entities may file import declarations for government account agricultural urea; technical grade urea remains free.
The amendment permits imports of urea through designated State Trading Enterprises (RCF and NFL) and the specified import channel, and expressly authorises Fertilizer Marketing Entities, as designated by the Department of Fertilizers, to file Bills of Entry at Indian ports for import of urea for agricultural purposes on Government account; Technical Grade Urea for non agricultural or industrial use remains free for import.
Implementation of RoDTEP Committee report in relation to Anomalies etc
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RoDTEP rates revised for 432 HS codes; revised Appendix 4R effective 16 Jan-30 Sep 2023.
The Central Government has notified a revised RoDTEP Appendix 4R to correct apparent errors and anomalies in previously notified rates and caps for 432 HS codes; the revision amends eligible export items, RoDTEP rates (percentage of FOB or fixed quantum) and per unit caps and is published on the DGFT portal. The revised Appendix applies for a specified export period and further changes will follow to align with the Scheme's budgetary framework and Foreign Trade Policy provisions.

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Acts Income Tax