DGFT issues new policy condition under Chapter 87 of Import Policy 2017

Director General of Foreign Trade (DGFT) vide notification dated May 08,2018 has issued a new policy condition under Schedule-I of Chapter 87 of ITC (HS), 2017 which relates to the Vehicles other than railway or tramway rolling - stock, and parts and accessories thereof.

 

Policy Condition 1 related to import second hand or used vehicle (including all the vehicles other than Railway or Tramway and Policy Condition no.2 related to a new imported vehicle (including all the vehicles other than Railway or Tramway) shall not be applicable for import of automotive mining equipment’s, oil rigging equipment’s for operation in captive mines/ oil rigging areas and vehicles for research and development

 

Exception – This policy shall be applicable for the Import of Vehicles through the Custom Port at Mumbai Nhava Sheva, Kolkata, Chennai and Chennai Airport, Cochin, ICD-Tughlakabad and Delhi Air Cargo, Mumbai Port and Mumbai Air Cargo Complex, ICD Talegaon Pune, ICD Faridabad, Ennore port, Kattupalli Port, APM Terminals, Pipavav Port and Krishnapatnam Port. In addition, import of new motorcycles is also permitted through LCS Benapole / Petrapole and LCS Agartala

 

[Notification 07/ 2015-2020]

 

URL: http://dgft.gov.in/Exim/2000/NOT/NOT18/Not.07(e).pdf