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DGFT - Highlights / Catch Notes

Home Highlights May 2024 Year 2024 This

The Government of India, Ministry of Commerce & Industry, ...


Discontinuation of Safeguard measures on Isopropyl alcohol import under Chapter 29 of ITC (HS) 2022, effective from 01.04.2024. - DGFT

Circulars     DGFT

May 22, 2024

The Government of India, Ministry of Commerce & Industry, Department of Commerce, Directorate General of Foreign Trade, has discontinued safeguard measures on the import of Isopropyl alcohol (IPA) under Chapter 29 of ITC (HS) 2022, Schedule-I (Import Policy). This decision was made through DGFT Notification No. 64/2015-20 dated 31.03.2023 and Public Notice No. 04/2015-20 dated 11.04.2023, imposing country-wise Quantitative Restrictions (QR) on IPA imports for the period 2023-24. The restrictions automatically ceased on 31.03.2024 as per the notification. Import of IPA under HS code 29051220 is now "Free" without any Policy Condition effective from 01.04.2024.

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