In exercise of the powers conferred by section 5 of the foreign Trade (Development &Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 4.1 of Export and Import Policy,1997-2002, the Central Government hereby makes the following amendment in ITC(HS)Classifications of Export and Import Items 1997-2002, published on 31st March,1997 and asamended from time to time.

1. The following Import Licensing note shall be added at the end of Chapter 15:-

"(4) All edible oils which are presently freely importale under various Exim code headings shall be freely importable subject to the condition that the Importer have to intimate in advance of 30 days indicating the following information to the Directorate of Vanaspati, Vegetable Oils and Fats with a copy to Customs by Registered post:-

(i) Type of oil;
(ii) date of contract and actual import;
(iii) quantity;
(iv) price; and
(v) origin.

This issues in public interest.