DGFT amends policy condition no. 5 of Chapter 27 of ITC (HS), 2017, Schedule- I (Import Policy)

Sep 17, 2021 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Directorate General of Foreign Trade (DGFT) on September 16, 2021 has issued a notification to amend policy condition no. 5 of Chapter 27 of ITC (HS), 2017, Schedule- I (Import Policy).

The revised policy condition is as followed:

• Import allowed through IOC subject to para 2.20 of Foreign Trade Policy, except for the companies who have been granted rights for marketing of transportation fuels in terms of MoP&NG Resolution No. P-23015/1/2001-MKT dated March 08, 2002 for products excluding gasoline conforming to standard IS 2796 (ITC HS Code: 27101241) and Automotive diesel fuel, not containing biodiesel, conforming to standard IS 1460 (ITC HS Code 27101944) which would be allowed to be imported by entities in terms of MoPNG Resolution No. P-12029(11)/2/2018-OMC-PNG dated 08.11.2019” 

[Notification No. 27 /2015-2020]

 


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