N 56/2024

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

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Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 56/2023 New Delhi, Dated: 1“ January, 2024

Subject: Amendment in Para 2.31 of the Foreign Trade Policy, 2023 - reg.

S.O. (E): In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development &Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2023, as amended from time to time, the Central Government hereby amends Para 2.31 of Foreign Trade Policy, 2023 and inserts Para 2.31 [I (e)] as under: Polic Sesser: I(e)/UsedGoods IT Assets (Laptops, ft paellaHowever import policy will be free subject to the desktops, monitors, following conditions : printers)Import fromjRestricted Special Economic Zone 1. Used IT Assets may be moved from SEZ to (SEZ) to Domestic Tarif DTA without a Licence for Restricted Imports fo rea(DTA) the purpose of further use in their DTA operations only; given that there is a minimum usage of 2 years in the SEZ area and that the goods are no older than 5 years from the date of manufacturing. 2. In cases where a unit is closing down it operations in SEZ, and re-locating to the DTA, the import of Used IT Assets from SEZ into DTA is allowed without a Licence for Restricted Imports, given that the goods are not older than 5 years from the date of manufacturing. However IT assets hat have entered the SEZ area in secon and/used/old condition and have been used in the SEZ area for less than 2 years are not covered. 3.

an 5 years from the date of manufacturing. However IT assets hat have entered the SEZ area in secon and/used/old condition and have been used in the SEZ area for less than 2 years are not covered. 3. The relaxation for import from SEZ to DTA, nder condition 1 & 2 above, shall be applicable given that no exemption from any regulatory requirements (i.e., CRO, WPC, RoHS) was availed at the time ofimport of the Used IT Assets into the SEZ, 4. Import of any Used IT Assets which do not fulfill the above-mentioned criteria shall be subjec 0 a Licence for Restricted Import.

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Effect of the Notification: Import policy of Used IT Assets (laptops, desktops, monitors, Printers) from SEZ to DTA has been notified under Para 2.31 of the Foreign Trade Policy, 2023.

This issues with the approval of Minister of Commerce & Industry.

( " v (Santosh Kumar Sarangi) Director General of Foreign Trade & Ex-officio Addl. Secretary to Govt. of India Email: dgft@nic.in

(Issued from File No. 01/89/180/39/AM-13/PC-2(A)/Part-1/E-18838)