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Date: 13-05-2020
Notification No: Notification No. 05/2015-2020
Issuing Authority: DGFT  
Type: Notification
File No: F.No.01/89/180/36/AM-11/PC-2[A]/E-1679
Subject: Amendment in import policy conditions of Silver under Chapter 71 of ITC (HS), 2017, Schedule – I (Import Policy).

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade

Notification No. 05/2015-2020

New Delhi, Dated: 13th May, 2020

Subject: Amendment in import policy conditions of Silver under Chapter 71 of ITC (HS), 2017, Schedule – I (Import Policy).

S.O. 1460(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.

(F.No.01/89/180/36/AM-11/PC-2[A]/E-1679)

(Amit Yadav)
Director General of Foreign Trade &
Ex- officio Addl. Secretary to the Government of India

Note: The principal notification No. 36/2015-2020, dated the 17th January, 2017 was published in the Gazette of India, Extraordinary vide number S.O. 172 (E), dated the 17th January, 2017 and Notification No. 36/2015-2020 dated 18th December, 2019 was published in the Gazette of India, Extraordinary vide number S.O. 4534 (E), dated the 18th December, 2019.

       

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