Amendment in the Policy Condition 1 of Chapter 15 of ITC (HS)
Amendment in Policy Condition 1 of Chapter 15 of ITC (HS), 2022, Schedule – I (Import Policy) – NOTIFICATION No. 40/2023
S.O. 4692(E).—In exercise of powers conferred by Section 3 read with Section 5 of Foreign Trade (Development & Regulation) Act, 1992 (22 of 1992), and 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 the Policy Condition 1 of Chapter 15 of ITC (HS), 2022, Schedule – I (Import Policy) as under:
| Existing Policy Condition | Revised Policy Condition |
| All Oils which are included in the Food Safety & Standards Act, 2006 as also all solvent extracted Oils conforming to the standards specified in the Third Schedule of Solvent Extracted Oil, Deoiled Meal and Edible Flour Control Order, 1967 (details can be accessed from website: http://fssai.gov.in/Portals/0/Pdf/solvent_Extrac ted.pdf) except coconut oil, RBD palm oil, RBD palm stearin and palm kernel oil are freely importable. Import of coconut/copra oil is permitted through State Trading Enterprises. | All Vegetable Oils/ Refined Vegetable Oils/ Solvent extracted Oils specified in Food Safety and Standards (Food Products Standards and Food Additives) Regulation, 2011 (made under the Food Safety & Standards Act, 2006) and conforming to standards specified in these regulations are freely importable except where otherwise stated. Import of coconut/copra oil is permitted through State Trading Enterprises. |
- Effect of the Notification: Policy Condition 1 of Chapter 15 of ITC (HS), 2022 is updated in reference to FSSAI Regulations.
This issues with the approval of Minister of Commerce & Industry.
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