Extension in Urea Import Policy Supports Agriculture Sector

The Central Government has amended the import policy condition for Urea (Exim Code 31021010) under ITC (HS) 2022, Schedule I. Through Notification, issued under the Foreign Trade (Development and Regulation) Act, 1992, and aligned with the Foreign Trade Policy 2023, the State Trading Enterprise (STE) status of Indian Potash Limited (IPL) has been extended.

As per the amendment, Indian Potash Limited will continue to handle the import of agricultural-grade Urea on the government account up to 31 March 2027. This extension ensures continuity in the existing import framework and avoids disruption in fertilizer supply.

The import remains subject to Para 2.21 of FTP 2023, which governs imports through State Trading Enterprises. No other changes have been introduced, and all previous conditions prescribed under earlier notifications remain unchanged.

This move provides regulatory clarity and strengthens the controlled import mechanism for Urea, ensuring timely availability for agricultural needs while maintaining policy consistency.