Notification No. 05/2015-2020 Dated: 13th May, 2020
Issued By. DGFT
S.O. (E): In exercise of powers conferred by Section 3 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 import policy conditions of Silver under Chapter 71 of ITC (HS), 2017, Schedule — I (Import Policy).
|
Exim Code |
Item Description |
Import Policy |
Existing Policy Condition |
Revised Policy Condition |
|
71061000 |
Powder |
Restricted |
Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies) |
Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies). However, import of Silver under Advance Authorisation and supply of silver directly by foreign buyers to exporters under Para 4.45 of FTP against export orders are exempted. |
|
71069100 |
Unwrought |
Restricted |
Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies) |
Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies). However, import of Silver under Advance Authorisation and supply of silver directly by foreign buyers to exporters under Para 4.45 of FTP against export orders are exempted. |
|
71069210 |
Sheets, plates, strips, tubes and pipes |
Restricted |
Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies) |
Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies). However, import of Silver under Advance Authorisation and supply of silver directly by foreign buyers to exporters under Para 4.45 of FTP against export orders are exempted. |
|
71069290 |
Other |
Restricted |
Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies) |
Import is allowed only through nominated agencies as notified by RBI (in case of banks) and DGFT (for other agencies). However, import of Silver under Advance Authorisation and supply of silver directly by foreign buyers to exporters under Para 4.45 of FTP against export orders are exempted. |
Effect of the Notification: Import of Silver under Advance Authorisation and supply of silver directly by foreign buyers to exporters under Para 4.45 of FTP against export orders are exempted.
This issues with the approval of Minister of Commerce & Industry.