DGFT notifies Revised Import Policy Conditions of Urea [Read Notification]

The Directorate General of Foreign Trade (DGFT) has recently notified the Amendment in import policy conditions of Urea [Exim Code 31021000] in the ITC (HS) 2022, Schedule — I (Import Policy).

The State trading enterprise policy, in regard to Urea, whether or not in aqueous solution had the following condition prior to the amendment:

“Import allowed through RCF and NFL subject to Para 2.20 of Foreign Trade Policy, 2015-2020. In addition import of Urea is also allowed through IPL for a period up to 01.3.2023. However, import of technical Grade Urea (TGU) meant for non-agricultural purpose/industrial use/NPK manufacturing shall be "Free"”

This was amended as, "Import allowed through RCF and NFL subject to Para 2.20 of Foreign Trade Policy, 2015-2020. In addition import of Urea is also allowed through IPL for a period up to 31.3.2023" and more importantly, “Import of Urea (for agriculture purpose) on Government Account shall be allowed either by designated STEs itself, or through an entity/entities (Fertilizer Marketing Entities) as authorized by the Department of Fertilizer from time to time, for filing BEs at Indian ports.”

However, the notification of the Directorate General of Foreign Trade (DGFT) also clarified that, “import of technical Grade Urea (TGU) meant for non-agricultural purpose industrial use/NPK Manufacturing shall be "Free ".”

As a result of the DGFT notification, Fertilizer Marketing Entities (FMEs), authorized by the Department of Fertilizers, have been allowed to file Bill of Entries at Indian ports for import of Urea (for agriculture purpose) on Government Account.

To Read the full text of the Order CLICK HERE

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