N 5/2020

(To be published in the Gazette of India Extraordinary Part-Il, Section-3, Sub-Section (Il))

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

Notification No. 05 /2015-2020 New Delhi, Dated: ;3“May, 2020

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

S.O. (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 — | (Import Policy).

||Description||Polic|Condition|Condition||||
|---|---|---|---|---|---|---|---|
|71061000||Powder|Restricted||Import is|allowed only|lmport is allowed only through||||
||||through|nominated|nominated<br>agencies<br>as||||
||||agencies|as_||notified|notified<br>by RBI<br>(in case<br>o||
||||by<br>RBI|(in||case|offbanks) and DGFT (for other|
||||banks) and||DGFT||(forjagencies).|
||||other agencies)||||However,<br>import<br>of<br>Silver|
||||||||under Advance Authorisation|
||||||||and supply of silver directly|
||||||||by foreign buyers to exporters|
||||||||under<br>Para<br>4.45<br>of<br>FTP|
||||||||against<br>export<br>orders<br>are|
||||||||exempted.|
|71069100|[Unwrought|[Restricted||Import is <br>through|allowed only|lmport is allowed only through<br>nominatedinominated<br>agencies<br>as||||
||||agencies|as||notifiedjnotified<br>by RBI<br>(in case o||
||||by<br>RBI|(in||case|offbanks) and DGFT (for other|
||||banks) and||DGFT||(forjagencies).|
||||other agencies)||||However,<br>import<br>of<br>Silver|
||||||||under Advance Authorisation|
||||||||and supply of silver directly|
||||||||by foreign buyers to exporters|
||||||||under<br>Para<br>4.45<br>of<br>FTP|
||||||||against<br>export<br>orders<br>are|
||||||||exempted.|

|71069210||Sheets,||Restricted||Import is|allowed only|lmport is allowed only through|allowed only|lmport is allowed only through|allowed only|lmport is allowed only through|allowed only|lmport is allowed only through|
|---|---|---|---|---|---|---|---|---|
||plates,|strips,||through|nominated/nominated<br>agencies<br>as||||
||tubes|and||agencies|as_||notified|notified<br>by RBI<br>(in case o||
||pipes|||by<br>RBI|(in||case|ofbbanks) and DGFT (for other|
|||||banks) and||DGFT||(forjagencies).|
|||||other agencies)||||However,<br>import<br>of<br>Silver|
|||||||||under Advance Authorisation|
|||||||||and supply<br>of silver directly|
|||||||||by foreign buyers to exporters|
|||||||||under<br>Para<br>4.45<br>of<br>FTP|
|||||||||against<br>export<br>orders<br>are|
|||||||||exempted.|
|71069290|Other||Restricted||Import is <br>through|allowed only|lmport is allowed only through<br>nominated/nominated<br>agencies<br>as||||
|||||agencies|as||notifiedinotified<br>by RBI<br>(in case<br>of||
|||||by<br>RBI|(in||case|offbanks) and DGFT (for other|
|||||banks) and||DGFT||(forjagencies).|
|||||other agencies)||||However,<br>import<br>of<br>Silver|
|||||||||under Advance Authorisation|
|||||||||and supply<br>of silver directly|
|||||||||by foreign buyers to exporters|
|||||||||under<br>Para<br>4.45<br>of<br>FTP|
|||||||||against<br>export<br>orders<br>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.

==> picture [289 x 59] intentionally omitted <==

----- Start of picture text -----<br> ' vee Senter<br>(Amit YadaeP 222<br>Director General of Foreign Trade &<br>Ex- officio Addl. Secretary to the Government of India<br>----- End of picture text -----<br>

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

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 18" December, 2019 was published in the Gazette of India, Extraordinary vide number S.O. 4534 (E), dated the 18 December, 2019.