The Directorate General of Foreign Trade (DGFT) has allowed the importers to import Moong (HS Code 07133190) for contracts in the fiscal year 2021-22, subject to certain conditions, wherein, the firms have entered into purchase contract prior to February 11, 2022, in order to implement Notification No. S.O. 624 (E) dated 11.02.2022 which restricted the import of Moong.
Reference is invited to the Government of India’s Notification No. S.O. 624 (E) dated February 11, 2022, amending the import policy of Moong (HS Code 07133190) of ITC (HS), 2022, Schedule-I (Import Policy) from “Free” to “Restricted”.
This is in the light of representations received from various entities indicating that certain firms have entered into a purchase contract prior to February 11, 2022, for import of Moong (ITC) (HS) Code 07133190) with either (i) advance payment, or (ii) partial advance payment and remaining amount payable against Documents (CAD).
The said matter has been considered and the Director-General of Foreign Trade, in the exercise of powers under Para 2.58 of the Foreign Trade Policy (2015-2020), has decided to relax the provisions of Para 1.05 (b) of FTP by allowing such importers to import Moong (HS Code 07133190) for contracts for the fiscal year 2021-22 subject to the condition that: (i) Quantity eligible for import would be proportionate to the amount paid prior to 11.02.2022 as advance. If advance payment has been made in full for the entire contracted quantity, then eligibility would be for the entire contracted quantity. If there is a partial payment, the quantity admissible for import shall be limited to the quantity in proportion to the advance payment(s) made. (ii) Documentary evidence indicating payments made for such a contract should include the sales contract, invoice and proof of payment (SWIFT transaction receipt) certified by the recipient bank, and any other supporting documents. (iii) Contract for import should have been entered into prior to the date of the said Notification. Further, the payments should also have been made prior to 11.02.2022. (iv) Undertaking should be provided by the applicant that imports of the proportionate quantity being claimed have not to be effected prior to the date of Notification/till date. (v) The imports should be only for Financial Year 2021-22 such that the bill of lading is issued on or before 31.03.2022. No requests for extensions shall be considered.
The Trade Notice further clarified that such contracts shall be registered by the Jurisdictional RAs only after due verification of the documents submitted by the applicant(s). The registration shall be permitted only with the approval of the Head of Office. RAs are requested to dispose of all such cases within 3 days of the receipt of complete applications.
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