Urea Import by Indian Potash Limited (IPL)
Extended by One Year to 31 March 2024
·
Govt
Allows Import of Urea through India Potash till March 2024
The centre has allowed the
import of urea through India Potash Limited for another year until March 2024, the
Directorate General of Foreign Trade said in a notification.
Earlier, it was supposed to
be allowed till March 2023.
Besides India Potash
Limited, the import of fertilizer is already allowed through Rashtriya Chemicals and Fertilizers, and National Fertilizers
under the current policy.
"Import of Urea (for
agriculture purpose) on Government Account shall be allowed either by
designated STEs itself, or through any entity/entities (Fertilizer Marketing
Entities) so authorized by the Department of Fertilizer from time to time, for
filing BEs at Indian Ports," said the notification published on Wednesday.
However, the notification
said the import of Technical Grade Urea (TGU) meant for non-agricultural
purposes or industrial use or NPK Manufacturing shall continue to remain
"free".
Meanwhile, Union Minister
for Chemicals and Fertilizers Mansukh Mandaviya on
Wednesday said that the country has enough stock of fertilizers for the
upcoming Kharif season and fertilizers will be easily available to farmers
across the country.
Kharif crops are typically
sowed during June-July and harvested in October-November and are largely
dependent on rainfall.
Urea Import by Indian Potash Limited (IPL) Extended
by One Year to 31 March 2024
[DGFT
Notification No. 61/2015-2020 dated 22 March 2023]
Effect of this
Notification: Import of Urea (Agricultural grade) on
Government account is allowed through Indian Potash Limited (IPL) subject to
Para 2.20 of Foreign Trade Policy, 2015-2020, till 31.03.2024.
Subject: Amendment in import
policy condition of Urea [Exim Code 31021000] in the ITC (HS) 2022, Schedule- I
(Import Policy).
S.O. (E): 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, 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 ITC (HS),2022, Schedule
-I (Import Policy), with immediate effect, as under (changes made are given
in bold letters):
|
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 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 up to 31.3.2023. Import
of Urea (for agriculture purpose) on Government Account shall be allowed
either by designated STEs itself, or through any entity/entitles (Fertilizer
Marketing Entities) so authorized by the Department of Fertilizer from time
to time, for filing BEs at Indian ports. 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 up to 31.3.2024. Import
of Urea (for agriculture purpose) on Government Account shall be allowed
either by designated STEs itself, or through any entity/entitles (Fertilizer
Marketing Entities) so authorized by the Department of Fertilizer from time
to time, for filing BEs at Indian ports. However,
import of Technical Grade Urea (TGU) meant for non- agricultural purpose/
industrial use/ NPK Manufacturing shall be "Free". |
This issues
with the approval of Minister of Commerce & Industry.
(Issued from F.No.01/89/180/102/AM-02/PC-2(A)Part-11/E-1715)