Amendment in Import Policy condition no. 1(III) under Chapter 87 of ITC (HS), 2022, Schedule —I (Import Policy) - 58/2024-25

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<h1>Import Policy Update: Vintage Cars Allowed Under Chapter 87, ITC (HS) 2022; Must Follow Motor Vehicles Act 1988 Rules.</h1> The Central Government has amended the import policy condition under Chapter 87 of the ITC (HS) 2022, Schedule-I, allowing the import of cars classified as 'Vintage motor vehicles' as per the Central Motor Vehicles Rules, 1989. These vehicles are now exempt from certain policy conditions but must adhere to the Motor Vehicles Act, 1988 and relevant rules. This change aligns the classification of vintage vehicles with the updated Central Motor Vehicles Rules. The amendment is effective immediately and has been approved by the Ministry of Commerce & Industry.

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