Amendment of Policy conditions of Chapter-48 of ITC (HS), 2017, Schedule-I (Import Policy).

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

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. !3 /2015-2020 New Delhi, Dated: ;2“July , 2021

Subject: Amendment of Policy conditions of Chapter-48 of ITC (HS), 2017, Schedule-I (Import Policy).

S.0.(E): In exercise of powers conferred by Section 3 and Section 5 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 following Policy Conditions of Chapter-48 of ITC (HS) 2017, Schedule — I (Import Policy) as under :

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Revised

1(1) Import of Water-mark Bank Note Paper may be made, without an impo Import of Water-mark Bank Note Paper may be licence, by the Note Printing Presses o made, without an import licence, by the Note he Government of India, namely, Printing Presses of the Government of India, Currency Note Press, Nasik; Bank Note namely, Currency Note Press, Nasik; Bank Note Press, Dewas both units of Security Press, Dewas both units of Security Printing and Printing and Minting Corporation of Minting Corporation of India Limited India Limited (SPMCIL); Bharatiya (SPMCIL); Bharatiya Reserve Bank Note Reserve Bank Note Mudra Mudran Private Ltd.((BRBNMPL) units i Ltd(BRBNMPL) units in Mysore, Mysore, Salboni and Bangalore, subject to Salboni and Bangalore, subject to submission of a certificate of import from the submission of a certificate of impo Head of units and with actual user condition. from the Head of units and with actual user condition. (11) The importer shall furnish quarterly eturns of the quantity and value of the imports made by him to the Ministry o Finance for the quarters ending 30th June, 30th September, 31st Decembe -Deletedand 3lst March of each financial year, within 30 days of the close of the quarte concerned

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Effect of the Notification: The name of BRBNMPL as appearing in Policy Condition 1(I) of Chapter 48 of ITC HS 2017, Schedule-I (Import Policy) is corrected to read as Bharatiya Reserve Bank Note Mudran Private Ltd. Policy Condition (II) of Chapter-48 of ITC(HS) 2017, Schedule-I (Import Policy) is deleted as a step towards reducing compliance burden. This issues with the approval of Minister of Commerce & Industry.

yzlor\z 2) (Amit Yadav) ExDirector General of Foreign Trade& officio Addl. Secretary to the Government of India

(F.No. 01/89/180/37/AM-20/PC-2[A]./Part-I /e- 28076)