Beach Sand Exports Canalized
through Indian Rare Earths Limited (IREL)
[DGFT
Notification No. 26/2015-2020
dated 21 August 2018]
Effect of
this Notification: Export of
Beach Sand Minerals have been brought under STE and shall be canalized through
Indian Rare Earths Limited (IREL). Beach sand minerals, permitted anywhere in
the export policy, will now be regulated in terms of policy under at SI. No.
98A of Chapter 26 of Schedule 2 Export Policy.
Subject: Export policy of Beach Sand Minerals
(BSM) in Chapter 26 of Schedule 2 of ITC(HS)
Classification of Export and Import Items 2018.
S.O.(E) In exercise of the powers conferred by Section
3 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of
1992), read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP),
2015-2020, as amended from time to time, the Central Government hereby, with
immediate effect, makes amendment in export policy of ‘Beach Sand Minerals’ in
Chapter 26 of Schedule 2 of ITC(HS) Classification of Export and Import Items.
2. The existing entries in the ‘Note’ of Chapter 26 of Schedule 2 of ITC(HS) Classification of Export and Import Items 2018 are
substituted as under :
“NOTE:
1. Export of
Rare Earth compounds classified as Beach Sand Minerals (BSM), namely [Ilmenite,
Rutile, Leucoxene(Titanium bearing mineral), Zircon,
Garnet, Sillimanite and Monazite (Uranium and
Thorium)], shall be regulated in terms of SI. No. 98A of Chapter 26 Schedule 2
of ITC(HS) Classification.
2. Other
minerals under code 2617 are freely exportable, except those which have been
notified as prescribed substances and controlled under Atomic Energy Act,
1962″.
3. A new
entry at SI. No. 98A is inserted in Chapter 26 of Schedule 2 of
ITC (HS) Classification of Export & Import Items 2018 as follows:
|
S.No. |
Tariff
Item HS Code |
Unit |
Item
Description |
Export
Policy |
Policy
Condition |
|
98A |
2508 50
32, 2508 50
39, 2612 10
00, 2612 20
00, 2614 00
10, 2614 00
20, 2614 00
31, 2614 00
39, 2614 00
90, 2615 10
00, 2513 20
30 |
Kg |
Beach
Sand Minerals [Ilmenite, Rutile, Leucoxene(Titanium bearing mineral), Zircon,
Garnet, Sillimanite and Monazite (Uranium and
Thorium)] |
STE
(State Trading Enterprise) |
Export through
Indian Rare Earths Limited (IREL) |
(Issued from
F.No.01/91/171/22/AM19/EC)