Amendment in the Policy, 1997-2002 (incorporating amendment made upto 13.4.98) and ITC(HS) Classification of Export and Import) item , 1997-2002
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Import allowance for seconds and defectives: duty-free imports permitted subject to minimum c.i.f. thresholds for listed steel items.
Amendment inserts a clause in Import Licensing Notes to ITC(HS) Chapter 72 permitting imports of seconds and defectives of specified steel items duty-free, provided the c.i.f. value per metric tonne meets or exceeds the prescribed minimum; listed ITC(HS) subheadings identify the covered hot-rolled coils, sheets, cold-rolled coils, tinplates, electrical sheets, plates, and alloy steel bars and rods.