Reetu | Jun 15, 2023 |
DGFT amends Import Policy and Policy Condition of Copra
The Directorate General of Foreign Trade(DGFT) has notified Amendment in Import Policy and Policy Condition of Copra under ITC (HS) Code 12030000 of Chapter 12 of ITC (HS), 2022, Schedule-I, Import Policy via issuing Notification.
The Notification Stated, “In exercise of powers conferred by Section 3 read with section 5 of Foreign Trade (Development & Regulation) Act, 1992 (as amended from time to time), read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023, the Central Government hereby amends the import policy and policy condition of Copra under Chapter 12 of Schedule-I(Import Policy) of ITC(HS) 2022.”
Effect of this Notification: The import policy of Copra under ITC (HS) Code 12030000 is revised from ‘State Trading Enterprise’ to ‘Restricted’. This issues with the approval of Minister of Commerce & Industry.
For Official Notification Download PDF Given Below:
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