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    <title>DGFT further tightens norms for import of cars / SUVs by tourism industry under EPCG Scheme</title>
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    <description>The notification restricts EPCG imports of motor cars and SUVs to specified tourism-sector entities meeting a minimum total foreign exchange earnings threshold over the current and preceding three licensing years, prohibits import of vehicle parts under the scheme, caps the duty saved amount on vehicle authorisations at fifty percent of the average foreign exchange earnings in the preceding three licensing years, and requires vehicles to be registered for tourist use with registration certificates submitted to the Licensing Authority.</description>
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    <pubDate>Wed, 14 Jun 2006 00:00:00 +0530</pubDate>
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      <description>The notification restricts EPCG imports of motor cars and SUVs to specified tourism-sector entities meeting a minimum total foreign exchange earnings threshold over the current and preceding three licensing years, prohibits import of vehicle parts under the scheme, caps the duty saved amount on vehicle authorisations at fifty percent of the average foreign exchange earnings in the preceding three licensing years, and requires vehicles to be registered for tourist use with registration certificates submitted to the Licensing Authority.</description>
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