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Core Purpose

Notification amending the import policy of specified gold-related ITC (HS) codes under Chapter 71 of Schedule-I (Import Policy) of ITC (HS) 2022 from "Free" to "Restricted."

Detailed Summary

The Ministry of Commerce and Industry, Department of Commerce, Directorate General of Foreign Trade, issued Notification No. 19/2023 (S.O. 3111) dated 12th July 2023, in exercise of powers under Section 3 and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy 2023, amending the import policy and policy conditions for specific ITC (HS) codes under Chapter 71 of Schedule-I (Import Policy) of ITC (HS), 2022. HS code 71131911 (gold, unstudded) is changed from "Free" with no condition to "Restricted," with import permitted freely without any import licence only under a valid India-UAE CEPA TRQ (Comprehensive Economic Partnership Agreement Tariff Rate Quota); HS code 71131919 (gold, other) is changed from "Free" to "Restricted"; and HS code 71141910 (articles of gold) is changed from "Free" to "Restricted." The notification states the import policy of these three HS codes has been amended from "Free" to "Restricted" with immediate effect, except that import under HS code 71131911 remains freely permitted without an import licence under a valid India-UAE CEPA TRQ. Issued with the approval of the Minister of Commerce & Industry, under File No. 01/89/180/36/AM-11/PC-2[A]/Part-VI/E-34691, and signed by Santosh Kumar Sarangi, Director General of Foreign Trade & Ex-officio Additional Secretary.

Full Text

4502 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY I का.आ. 3111(अ).—le;≤ ij ;Fkk la”kksf/kr fons”k O;kikj uhfr] 2023 ds iSjk 1 -02 vkSj 2 -01 ds lkFk ifBr fons”k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e 1992 dh /kkjk 3 vkSj /kkjk 5 }kjk iznÙk “kfDr;ksa dk iz;ksx djrs gq, dsUnz ljdkj vkbZVhlh ¼,p,l½] 2022] vuqlwph& I ¼vk;kr uhfr½ ds v/;k; 71 ds rgr fof”k’V vkbZVhlh ¼,p,l½ dksMksa dh vk;kr uhfr esa rRdky izHkko ls fuEukuqlkj la”kks/ku djrh gS% 71131911 --- lksus ds % ---- vtfM+r eqDr - izfrcaf/kr rFkkfi] oS/k Hkkjr&la;qDr vjc vehjkr lhbZih, VhvkjD;w ds rgr vk;kr fdlh Hkh No. 2982] NEW DELHI , WEDNES DAY, JULY 12, 2023/ASHADHA 21, 194 5 CG-DL-E-12072023-247245 fcuk eqDr :i ls vuqer gksxkA 71131919 --- lksus ds % ---- vU; eqDr - izfrcaf/kr - 71141910 --- lksus dh oLrq,a eqDr - izfrcaf/kr - 2- vkbZVhlh ¼,p,l½ dksM 71131911] 71131919 vkSj 71141910 dh vk;kr uhfr dks rRdky izHkko ls ÞeqDrß ls la”kksf/kr djds Þizfrcaf/krß fd;k x;k gSA rFkkfi] ,p,l dksM 71131911 ds rgr vk;kr oS/k Hkkjr&la;qDr vjc vehjkr lhbZih, VhvkjD;w ds rgr fdlh Hkh vk;kr ykblsal ds fcuk eqDr :i ls vuqer gksxkA bls okf.kT; ,oa m|ksx ea=h ds vuqeksnu ls tkjh fd;k tkrk gSA [Qk- la- 01@89@180@36@,,e&11@ihlh&2¼d½@ikVZ& VI@bZ&34691 ] larks"k dqekj lkjaxh ] egkfuns'kd fons'k O;kikj vkSj insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce ) (DIRECTORATE GENERAL OF FOREIGN TRADE ) NOTIFICATION New Delhi , the 12th July, 2023 No. 19 /2023 Subject: Amendment in import policy and policy condition of Gold Covered under HS code 71131911, 71131919 & 71141910 of Chapter 71 of Schedule –I (Import Policy) of ITC (HS) 2022. S.O. 3111.—In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development &Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government hereby amends the impo rt policy and policy condition of specific ITC (HS) Codes under Chapter 71 of Schedule -I (Import Policy) - ITC (HS), 2022, as under: HS codes Item Description Existing Import Policy Existing Policy Condition Revised Import Policy Revised Policy Condition 71131911 --- Of gold :- Unstudded Free - Restricted However, import under a valid INDIA -UAE CEPA TRQ shall be permitted freely without any import license. 71131919 --- Of gold :----Other Free - Restricted - 71141910 --- Articles of gold Free - Restricted - 2. Effect of the notification: The Import Policy of ITC (HS) code 71131911, 71131919 and 71141910 has been amended from “Free” to “Restricted” with immediate effect. However, import under HS code 71131911 shall be permitted freely without any import license under a valid India -UAE CEPA TRQ. This issues with the approval of Minister of Commerce & Industry. [F. No. 01/89/180/36/AM -11/PC -2[A]/Part -VI/E -34691 ] SANTOSH KUMAR SARANGI , Director General of Foreign Trade & Ex-officio Addl. Sec y. Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controlle r of Publications, Delhi -110054.

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