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New Policy Condition Inserted - Ch 87, ITC (HS) 2017, Sch 1 (Import Policy)

Ministry of Commerce and Industry (Department of Commerce) (Directorate General of Foreign Trade) Notification No. 07/2015-2020 dated the 8th May, 2018 regarding "Insertion of a new policy condition under Chapter 87 of ITC (HS), 2017 – Schedule – 1 (Import Policy)", reads as follows:-

S.O. 1848(E).—In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby inserts a new Policy Condition, number (10) at the end of Chapter 87 of ITC (HS) 2017 – Schedule – 1 (Import Policy) as under:-

  (10) Policy Condition 1 and 2 [except for 1 (II) (d) (iv) and 2 (II) (d)] above shall not be applicable for import of automotive mining equipments, oil rigging equipments for operation in captive mines/oil rigging areas and vehicles for research and development purposes subject to the condition that the imported item is re-exported/ scrapped under certification from the concerned authorities, once its purpose is served. Above condition is applicable for both old/used and new equipments/vehicles. Further these equipments/vehicles shall not ply on public roads, except for mobilization and demobilization purposes.

2. Effect of this Notification: Policy condition for import of old/used and new automotive mining equipments, oil rigging equipments for operation in captive mines/oil rigging areas and other vehicles for research and development purposes is introduced.

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