image

Import policy of cars manufactured prior to 1st January, 1950

To be Published in the Gazette of India Extraordinary

Part-II, Section – 3, Sub-Section (ii)

Government of India

Ministry of Commerce & Industry

Department of Commerce

Udyog Bhawan

Notification No. 5 (RE 2013)/2009-2014

New Delhi, Dated: 18th April, 2013

S.O.(E)   In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby makes the following amendments in Chapter 87 to ITC (HS) 2012, Schedule 1 (Import Policy):

2. Import policy of cars manufactured prior to 1st January, 1950 has been revised from ˜restricted™ to ˜free™. Accordingly, a new paragraph is being inserted under Policy Condition 1 ofChapter 87 to ITC (HS) 2012, Schedule 1 (Import Policy). The new paragraph (III) will read as under:

(III) Cars manufactured prior to 1st January, 1950 are free for import by Actual Users. Policy Condition (I) and (II) above shall not be applicable for these cars. However, such of the cars that would be plying on public roads will continue to be subject to Central Motor Vehicles Act, 1988 and Rules, 1989.

3.Effect of this notification:-

Import policy of cars manufactured prior to 1st January, 1950 is being revised from ˜restricted™ to ˜free™ for Actual Users with immediate effect.

Sd/-

(Anup K. Pujari)

Director General of Foreign Trade

E-mail: dgft@nic.in

[Issued from F. No. 01/93/180/ 1483/AM-03 /PC-2(A)]

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates