Amendment in import policy condition of Urea Schedule – I

Amendment in import policy condition of Urea [Exim Code 31021010] in the ITC (HS) 2022, Schedule – I (Import Policy) – Notification No. 65 /2024-25

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 (FTP), 2023, as amended from time to time, and in continuation of Notification Nos. 54/2015-20 dated 24.02.2023, 61/2015-20 dated 22.03.2023 and 79/2023 dated 18.03.2024, the Central Government hereby extends the STE status of Indian Potash Limited (IPL) from 31.03.2025 to 31.03.2026 for import of Urea on Government account, by amendment in Import Policy Condition under ITC(HS) Code 31021010 of Chapter 31 of ITC (HS), 2022, Schedule – I (Import Policy). All other terms and conditions remains the same as in the Notification No. 79/2023 dated 18.03.2024.

Effect of this Notification:
Import of Urea (Agricultural grade) on Government account is allowed through Indian Potash Limited (IPL) subject to Para 2.21 of FTP 2023, till 31.03.2026.

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

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