NFL Replaces MMTC/STC as STE
for Urea Import
·
IPL Allowed Urea Import for Five
Months to 31 March 2022
·
MMTC and STC out of Urea Import with De-notification
as STE
[DGFT
Notification No. 40 /2015-2020 dated 3 November 2021]
Effect of the Notification: In addition to Rashtriya Chemicals & Fertilizers Limited (RCF), Import
of Urea is allowed through National Fertilizers Limited (NFL) and Indian Potash
Limited (IPL) subject to Para 2.20 of Foreign Trade Policy, 2015-2020. NFL and
IPL are designated as STE for import of Urea on
Government account. However, IPL is also allowed to import Urea on Government
account till 31.03.2022 only.
Henceforth, the MMTC and STC are
de-notified as STE for import of Urea.
Subject: Amendment in import policy condition of Urea
[Exim Code 31021000] in the lTC (HS) 2017, Schedule
-I (Import Policy).
S.O. (E): In exercise of powers conferred by Section 3
and Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of
the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government
hereby amends the policy condition of Urea [EXIM code 31021000] of Chapter 31
of lTC (HS), 2017, Schedule - I (Import Policy), with
immediate effect, as under:
|
Exim Code |
Item Description |
Policy |
Existing Policy Condition |
Revised Policy Condition |
|
31021000 |
Urea, whether or not in aqueous solution |
State Trading Enterprise |
Import allowed through STC, MMTC and RCF subject to
Para 2.20 01 Foreign Trade Policy, 2015-2020. However, import of Technical
Grade Urea (TGU) meant for non- agricultural purpose, industrial use/ NPK
Manufacturing shall be Free. |
Import allowed through RCF and NFL subject to Para 2.20
of Foreign Trade Policy, 2015-2020. In addition
import of Urea is also allowed through IPL for a period upto
31.3.2022. However, import of Technical Grade Urea (TGU) meant for
non-agriculture purpose/ industrial use/ NPK Manufacturing shall be
"Free". |
This
issues with the approval of Minister of Commerce & Industry.
(F.No. 01189/1801102/AM-02/PC-2(A) Part-Il/E-1715)