The Directorate General of Foreign Trade (DGFT) on September 14, 2022, issued a notification to amend the Import Policy Condition under Chapter 39 of ITC (HS), 2022, Schedule-1 (Import Policy).
The following condition has been revised:
The import of PET bottle waste/scrap made from used PET bottles etc. is "Prohibited" as per of OM No. 23-4/2009 HSMD dated 30-08-2016 and O.M. No.23/66/2019-HSM dated 03/10/2019 of Ministry of Environment, Forest, and Climate Change (MoEF&CC). However, the import of PET Flakes has been permitted under authorization from DGFT and subject to NOC from MoEF&CC, in accordance with their O.M. No. 23/66/2019-HSMD dated 23.08.2022, subject to the following conditions:
o A unit should be eligible for import only if it has domestic used waste to the extent at least 70% of the capacity in the previous year. (e.g., production of 2021-22 to be considered for 2022-23 permissions).
o The imports for the year 2022-23 should be restricted to 20% of the production in the year 2021 22 and thereafter, 15% of the actual capacity utilized in the preceding year.
o An additional import up to 10% may considered be against exports of the products. iv. Units would be eligible for import after at least one year of production.
The conclusion of this notification is that the Import of PET Flakes has been permitted subject to NOC from MoEF&CC and authorization from DGFT.
[Notification No. 32/2015-2020]
