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Safeguard Quantitative Restrictions (QR) imposed on import of Isopropyl Alcohol (IPA) dated 31.03.2023- (Ministry of Commerce and Industry) (31 Aug 2023)

MANU/DGFT/0142/2023

Commercial

1. Pursuant to issuance of Notification No. 64/2015-20 dated 31.03.2023 by the DGFT imposing safeguard measures in the form of Country-wise Quantitative Restrictions (QR) on import of Isopropyl alcohol (HS code 29051220) for the year 2023-24, various representations have been received in the DGFT from trade & industry and Export Promotion Councils seeking clarification on the applicability of the said measures on imports by the SEZ units.

2. Accordingly, the matter has been examined in consultation with the DGTR and it is noted that the investigation made by the DGTR regarding increase in volume of Imports and consequent injury to the domestic industry was largely based on the trend in imports into the Domestic Tariff Area (DTA).

3. Therefore, it is hereby clarified that import of Isopropyl alcohol (HS code 29051220) by SEZ units is out of purview of the said Notification No. 64/2015-20 dated 31.03.2023 and import of IPA in SEZ shall not be subjected to country-wise QR, provided no DTA sale of Isopropyl Alcohol (HS code 29051220) is allowed by SEZ units.

This issues with the approval of DGFT.

Tags : QR   IMPOSITION   IMPORT  

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