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Corporate Laws Central Ministry of Commerce and Industry Foreign Trade (Development and Regulation) Act, 1992

Amendment in Para 2.31 of the Foreign Trade Policy, 2023 and ITC HS 2022 Schedule 1 Import Policy

20-May-2024 | Notification No 13-2024-25

Ministry of Commerce and Industry has issued notification on amendment in Para 2.31 of the Foreign Trade Policy, 2023 and ITC HS 2022 Schedule 1 Import Policy.

Key highlights of amendment:

1. Under Para 2.31(I (b)) of the Foreign Trade Policy, 2023 - Import Policy for Second Hand Goods - All electronics and IT goods notified under the Electronics and Information Technology Goods (Requirement of Compulsory Registration) Order, 2021 are classified as restricted for import. This restriction means that these goods can only be imported with a restricted import authorization and must comply with the conditions set forth in the 2021 Order.

2. Para 2 (C) of the General Notes regarding Import Policy - Import of both new and second-hand electronics and IT goods, whether refurbished, repaired, or reconditioned notified under the Electronics and Information Technology Goods (Requirement of Compulsory Registration) Order, 2021 is prohibited unless they are registered with the Bureau of Indian Standards (BIS) and meet the BIS labelling requirements.

3. Policy conditions 2 of chapter 84 and Policy Condition no. 5 of chapter 85 - Any electronics and IT goods notified under the 2021 Order must be registered with the BIS and comply with BIS labelling requirements to be imported.

4. Policy Condition no. 7 of chapter 85 and Policy Condition no. 1 of chapter 94 of Import Policy (schedule 1) ITC HS 2022 - For the LED products and DC or AC supplied control gears for LED modules as notified under the Order, 2021, random samples from these products will be selected and sent to BIS recognized laboratories for testing against specific non-destructive safety parameters identified by Ministry of Electronics and Information Technology.

Refer the attachment for more information.

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