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of <h1>New Vehicle Import Policy Amended: High-Value Cars Exempt from Origin Rule, Limited to Select Ports</h1> The Central Government has amended the import policy for new vehicles as specified under Chapter 87 of the Foreign Trade Policy, 2004-09. The amendment exempts new vehicles with an FOB value of $40,000 or more and engine capacities exceeding 3000cc for petrol and 2500cc for diesel from the requirement to be imported from the country of manufacture. Additionally, new vehicle imports are restricted to specific customs ports, including Nhava Sheva, Kolkata, Chennai, Cochin, ICD-Tughlakabad, Delhi Air Cargo, and Mumbai Port. This amendment is issued in the public interest by the Director General of Foreign Trade.
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