Import restriction on bank notes: authorised banks and dealers exempt from licensing; central bank conditions apply. Amendment designates Exim Code 49070020 (Bank notes) as Restricted; import by banks and dealers authorised by the central bank will not require a licence by the trade regulator, while other central bank conditions apply. The change is made under the Foreign Trade Policy framework and statutory authority for classification of export and import items.
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Provisions expressly mentioned in the judgment/order text.
Import restriction on bank notes: authorised banks and dealers exempt from licensing; central bank conditions apply.
Amendment designates Exim Code 49070020 (Bank notes) as Restricted; import by banks and dealers authorised by the central bank will not require a licence by the trade regulator, while other central bank conditions apply. The change is made under the Foreign Trade Policy framework and statutory authority for classification of export and import items.
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