In view of the recent prohibition of the export of wheat, the Director-General of Foreign Trade (DGFT) has directed the regional authorities to issue registration of contracts to wheat exporters.
A recent Notification has amended the export policy of wheat under S.No.59 of Chapter 10 of Schedule 2 of the ITC (HS) Export Policy from “Free” to “Prohibited” with immediate effect.
The DGFT in a notification issued on the 14th, stated that “Accordingly, export (as per Para 2.17 and 9.12 of the Handbook of Procedure, 2015-2020) of wheat for which Irrevocable Commercial Letter of Credit (ICLC) have been opened on or before 13th May 2022 and subsequently registered with the jurisdictional Regional Authorities of DGFT, as per provisions under Para 1.05 (b) of Foreign Trade Policy, 2015-2020, are permitted.
“All RAs under DGFT are hereby directed to issue Registration of Contracts (RCs) to the exporters of wheat, preferably within a prescribed time limit of 24 hours, on submission of application, complete in all respect, by the exporters,” it added.
However, export of wheat on Humanitarian grounds, as Aid/Assistance/Government to Government shall be allowed, on case to case basis, with the specific approval of competent authority, it said.
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