The Directorate General of Foreign Trade (DGFT) on August 31, 2023, issued a notification Clarifying the applicability of QR on imports by SEZ units on Safeguard Quantitative Restrictions imposed on the import of Isopropyl Alcohol
This has a reference to Notification No. 64/2015-20 dated March 31, 2023, by the DGFT imposing safeguard measures in the form of Country-wise Quantitative Restrictions (QR) on the import of Isopropyl alcohol
The following has been stated namely: -
• It is hereby clarified that import of Isopropyl alcohol (HS code 29051220) by SEZ units is out of the purview of the said Notification No. 64/2015-20 dated March 31, 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.
[Trade Circular 04/2023-24]
