Import Policy Condition for de-notifying MMTC as a STE
Amendment in Import Policy Condition for de-notifying MMTC as a STE for import of Copra
under Chapter 12 of ITC (HS), 2022, Schedule-I (Import Policy)- NOTIFICATION No. 48 /2015-2020
S.O. 5746.—In exercise of powers conferred by Section 3 and 5 of Foreign Trade (Development & Regulation) 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 Policy Condition of HS Code 12030000 under Chapter 12 of ITC (HS), 2022, Schedule-I (Import Policy), as under:
| Exim Code | Item Description | Policy | Existing Policy Condition | Revised Policy Condition |
| 12030000 | Copra | State Trading Enterprise | Import allowed through MMTC subject to Para 2.20 of Foreign Trade Policy. | Import allowed through NAFED subject to Para 2.20 of Foreign Trade Policy. |
- Effect of this Notification:
MMTC has been de-notified as a STE. Henceforth, import of Copra under HS Code 12030000 shall be allowed through NAFED.
This issues with the approval of Minister of Commerce & Industry.
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