Special Import Licence conditions updated: SIL surrender rule and broad reclassification of import controls and licensing procedures. The notification amends ITC(HS) 1997-2002 to require that items importable under a Special Import Licence (SIL) be imported on surrender of SILs equivalent to three times the CIF value unless a higher surrender is prescribed, reclassifies many tariff lines as Free or importable only against SIL, inserts new EXIM entries, and expands import licensing notes to prescribe application forms, departmental recommendations and specific conditions for imports of animals, equine stock, live plants, prescribed nuclear-related substances, shipbuilding/repair exemptions and recreational bodies' limited import entitlements.
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Special Import Licence conditions updated: SIL surrender rule and broad reclassification of import controls and licensing procedures.
The notification amends ITC(HS) 1997-2002 to require that items importable under a Special Import Licence (SIL) be imported on surrender of SILs equivalent to three times the CIF value unless a higher surrender is prescribed, reclassifies many tariff lines as Free or importable only against SIL, inserts new EXIM entries, and expands import licensing notes to prescribe application forms, departmental recommendations and specific conditions for imports of animals, equine stock, live plants, prescribed nuclear-related substances, shipbuilding/repair exemptions and recreational bodies' limited import entitlements.
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