Amendments in the ITC (HS) Classifications of Export and Import Items, 2002-2007
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....d Import Policy - 2002-07, as amended from time to time, the Central Government hereby amends the ITC (HS) Classification of Export and Import Items 2002-07 as under: 1. Condition 6 of Chapter I A (General Notes to Import Policy) of the ITC (HS) Classifications of Export and Import items 2002-2007shall be amended to read as under: "Import of all the products as per Appendix III to Schedule I of the ITC (HS) Classifications of Export and Import Items, 1997-2002, shall be subject to compliance of the mandatory Indian Quality Standards as mentioned in column 2 of the said Annexure, which are also applicable to domestic goods. For compliance of this requirement, all manufactures/ exporters of these products to India, shall be requir....
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....ble, religious or an educational institution registered under a law relating to the registration of societies or trusts or otherwise approved by the Central or a State Government and the gift sought to be imported has been exempted from payment of customs duty by the Ministry of Finance. Not withstanding anything contained in the Appendix III to the Schedule 1 of ITC (HS) Classifications of Export and Import Items, 2002-2007, import of cylinders and import of valves/valve fittings will be exempted from the conditions at paragraph 6 above. However, this exemption shall be applicable only on such cylinders, import of which has been approved by Chief Controller of Explosives, Nagpur." 2. Condition 11 of Chapter I A (General Notes to Impo....
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.... Exim Code Item Description Policy Conditions relating to the Policy 1 27160000 Electrical Energy Free 2 71061000 Powder Free Subject to RBI Regulations. 3 71069100 Unwrought Free Subject to RBI Regulations. 4 71069210 Sheets, plates, strips, tubes and pipes Free Subject to RBI Regulations. 5 71069290 Other Free Subject to RBI Regulations. 6 71081100 Non-monetary: Powder Free Subject to RBI Regulations. 7 71081200 Other unwrought forms Free Subject to RBI Regulations. 8 71081300 Other semi-manufactured forms Monetary Free Subj....
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....deleted. 6. Import Licensing Notes to Chapter 87 of ITC (HS) Classification of Export and Import Items 2002-07 will be amended as follows : (i) Paragraph 2(II)(d) : "The import of new vehicles shall be permitted through the CustomsPort at Nhava Sheva, Kolkata, Chennai, ICD - Tughlakabad and Delhi Air Cargo." (ii) Paragraph 3(I) (a) : "Individuals coming to India for permanent settlement after two years continuous stay abroad provided the car has been in the possession of the individual for a period of minimum one year abroad." (iii) A new Paragraph will be added as follows : "(5) Import of new vehicles having a CIF value of $ 40,000 ....
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