Import of Copra is allowed through NAFED - State Trading Enterprise (STE)
Notification No. 48 /2015-2020 Dated: 08 December, 2022
Subject: Amendment in Import Policy Condition for de-notifying MMTC as a STE for import of Copra under Chapter 12 of ITC (HS), 2022, Schedule-I (Import Policy).
S.O. (E): In exercise of powers conferred by Section 3 and 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 HS Code 12030000 under Chapter 12 of ITC (HS), 2022, Schedule-1 (Import Policy), as under:
|
Exim |
Item |
Policy |
Existing Policy |
Revised |
|
12030000 |
Copra |
State Trading Enterprise |
Import allowed through MMTC subject to Para 2.20 of Foreign Trade Policy. |
Import allowed through NAFED subject to Para 2.20 of Foreign Trade Policy. |
Effect of this Notification: MMTC has been de-notified as a STE. Henceforth, import of Copra under HS Code 12030000 shall be allowed through NAFED.
This issues with the approval of Minister of Commerce & Industry.
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