Law Updates

Subject

Summary: 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

Subject

Summary: The Central Government has amended the export policy for wheat under ITC (HS) Codes 10011900 and 10019910 through Notification S.O. 1769(E), issued under the Foreign Trade (Development & Regulation) Act, 1992, and the Foreign Trade Policy, 2023. The export policy for wheat continues to remain “Prohibited.” However, a limited relaxation has been introduced. Export of up to 25 Lakh Metric Tonnes (LMT) of wheat is now permitted. The Directorate General of Foreign Trade (DGFT) will issue a separate Public Notice detailing the procedure, eligibility, and operational modalities for t

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Summary: The Directorate General of Foreign Trade (DGFT) has notified an amendment to the Import Policy under Chapter 29 of ITC (HS) 2022, Schedule-I, with immediate effect. The notification has been issued by exercising powers granted under Sections 3 and 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with the Foreign Trade Policy 2023. Through this amendment, DGFT has introduced Policy Condition No. 07 to regulate imports of Potassium Clavulanate, diluted Potassium Clavulanate, and specified intermediates based on CIF value. Imports of diluted Potassium Clavulanate with a CIF v

Subject

Summary: The Ministry of Commerce & Industry has amended Para 4.63 of the Foreign Trade Policy 2023, effective immediately. Under the reviewed provision, imports made under Diamond Imprest Authorisation (DIA) continue to be exempt from Basic Customs Duty, Additional Customs Duty, Education Cess, Anti-dumping Duty, Countervailing Duty, Safeguard Duty, and Transition Product Specific Safeguard Duty, wherever applicable. The key update now also exempts DIA imports from the Integrated Tax and Compensation Cess as levied under sub-sections (7) and (9) of section 3 of the Customs Tariff Act, 1975. This c

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Summary:   The Directorate General of Foreign Trade (DGFT) has notified a fresh amendment to the export policy of Red Sanders (Pterocarpus santalinus) under Notification S.O. 5032(E). The notification amends policy condition 3 of Chapter 44 in Schedule-II of the ITC (HS) 2022, making the export of Red Sanders wood and roots from private or cultivated land a restricted activity. Under the revised norms, exporters must apply for a Restricted Export Authorisation, supported by a Certificate of Origin issued by the Principal Chief Conservator of Forests (PCCF). The certificate must confirm legal procu

Subject

Summary: The Directorate General of Foreign Trade (DGFT) has officially notified a new Standard Input Output Norm (SION) under the “Engineering & Electronic Items” category for mobile phone exports. Issued under File No. 01/81/171/00016/AM24-25/DES-II, this new entry, marked as SION C-2057, falls within the framework of the Foreign Trade Policy 2023. With the introduction of SION C-2057, Regional Authorities (RAs) are now empowered to issue Advance Authorisations directly, without forwarding individual applications to the Norms Committee. This move is expected to simplify the approval p