GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
NOTIFICATION No. 74 (RE-2008)/2004-09
NEW DELHI: Dated 30 December, 2008
S.O. (E) In exercise of powers conferred by section 5 of the Foreign Trade
(Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign
Trade Policy, 2004-09, the Central Government hereby amends the Schedule-I
(Imports) to the ITC(HS) Classifications of Export and Import Items, 2004-09 as
under:
- The existing import policy for new vehicles, as laid down under Chapter 87
shall be amended to be read as under:
- Import of new vehicles having an FOB value of US $ 40,000 or more and
engine capacity of more than 3000cc for petrol run vehicle and more than 2500cc
for diesel run vehicles, as allowed under Import Licensing Note No. 7 under
Chapter 87, shall be exempted from policy provision of Import Licensing Note No.
2(II)(a)(iv) under Chapter 87 which stipulates that vehicle shall be imported
from the country of manufacture.
- The Import Licensing Note No. 2(II)(d) shall be amended to be read as
under:
The import of new vehicles shall be permitted only through the Customs port at
Nhava Sheva, Kolkata, Chennai, Cochin, ICD-Tughlakabad and Delhi Air Cargo,
Mumbai Port.”
- This issues in public interest.
Sd/-
(R.S.Gujral)
Director General of Foreign Trade and
Ex-officio Additional Secretary to the Government of India
(Issued from File No. 01/89/180/29/AM09/PC-2(A)