Import CIF threshold for areca nut increased, raising minimum permissible import price for duty free classification. The notification revises the CIF value requirement for areca nut item descriptions (whole, split, ground, other) under specified ITC (HS) Exim Codes in Chapter 8 of ITC (HS) 2012 Schedule 1 (Import Policy), providing that these entries are classified as Free only if the CIF value meets or exceeds the newly prescribed minimum price, thereby raising the threshold that governs duty free importation for those tariff lines.
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Import CIF threshold for areca nut increased, raising minimum permissible import price for duty free classification.
The notification revises the CIF value requirement for areca nut item descriptions (whole, split, ground, other) under specified ITC (HS) Exim Codes in Chapter 8 of ITC (HS) 2012 Schedule 1 (Import Policy), providing that these entries are classified as Free only if the CIF value meets or exceeds the newly prescribed minimum price, thereby raising the threshold that governs duty free importation for those tariff lines.
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