| Date: |
17-01-2006
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| Notification No: |
DGFT Notification No 39/2005
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| Issuing Authority: |
DGFT
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| Type: |
Notification
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| File No: |
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| Subject: |
DGFT amends policy related to import of motor vehicles under EPCG Scheme
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S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No.22 of 1992) read with paragraph 1.3 of the Foreign Trade Policy, 2004-09 as amended from time to time, the Central Government hereby makes the following amendments:
1. The sub paragraph of Para 5.1 after the sub paragraph �Second hand capital goods without any restriction on age may also be imported under the EPCG scheme� of Para 5.1 will be amended to read as follows:
�However, import of motor cars, sports utility vehicles/all purpose vehicles shall be allowed only to hotels, travel agents, tour operators or tour transport operators and companies owning/operating golf resorts whose total foreign exchange earning from the hotel, travel & tourism and golf tourism sectors in the current and preceding three licensing years is Rs 1.5 crores or more. The �duty saved� amount on all EPCG licences issued in a licensing year for import of motor cars, sports utility vehicles/all purpose vehicles shall not exceed 50% of the average foreign exchange earnings from the hotel, travel & tourism and golf tourism sectors in the preceding three licensing years. However, the parts of motor cars, sports utility vehicles/ all purpose vehicles such as chassis etc. cannot be imported under the EPCG Scheme.�
This issues in public interest.
(K.T. Chacko)
Director General of Foreign Trade
And Ex-Officio Additional Secretary to the Govt. of India (Issued from File No.01/94/162/46/AM06/PC-1)
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