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Core Purpose

Extends the STE status of Indian Potash Limited for import of Urea on government account until March 31, 2026.

Detailed Summary

This notification issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, amends the import policy condition for Urea under ITC (HS) code 31021010. It extends the State Trading Enterprise (STE) status of Indian Potash Limited (IPL) for the import of Urea on government account from March 31, 2025, to March 31, 2026. This amendment is made under the Foreign Trade (Development and Regulation) Act, 1992 and Foreign Trade Policy 2023, in continuation of previous notifications. The import of agricultural grade Urea on government account is permitted through IPL until March 31, 2026, subject to paragraph 2.21 of FTP 2023, with all other terms and conditions remaining as per Notification No. 79/2023 dated 18.03.2024.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-19032025-261708 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1238] NEW DELHI, WEDNESDAY, MARCH 19, 2025/PHALGUNA 28, 1946 1812 GI/2025 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) Directorate General of Foreign Trade NOTIFICATION New Delhi, the 18th March, 2025 No. 65/2024-25 Subject: Amendment in import policy condition of Urea [Exim Code 31021010] in the ITC (HS) 2022, Schedule - I (Import Policy) - Regarding. S.O. 1251(E).β€”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 (FTP), 2023, as amended from time to time, and in continuation of Notification Nos. 54/2015-20 dated 24.02.2023, 61/2015-20 dated 22.03.2023 and 79/2023 dated 18.03.2024, the Central Government hereby extends the STE status of Indian Potash Limited (IPL) from 31.03.2025 to 31.03.2026 for import of Urea on Government account, by amendment in Import Policy Condition under ITC(HS) Code 31021010 of Chapter 31 of ITC (HS), 2022, Schedule – I (Import Policy). All other terms and conditions remains the same as in the Notification No. 79/2023 dated 18.03.2024. Effect of this Notification: Import of Urea (Agricultural grade) on Government account is allowed through Indian Potash Limited (IPL) subject to Para 2.21 of FTP 2023, till 31.03.2026. This issues with the approval of Minister of Commerce & Industry. [F. No. 01/89/180/102/AM-02/PC-2(A)Part-II/E-1715] SANTOSH KUMAR SARANGI, Dir. General of Foreign Trade & Ex-officio Addl. Secy.

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