By Harsh Ashar January 8, 2024

DGFT amends Import Policy and Policy Conditions of Screws

DGFT makes amendment in Import Policy and Policy Conditions of Screws covered under HS Code 7318 of Chapter 73 of Schedule – I of ITC HS 2022, shown as under:

HS Code	Item Description	Existing Import Policy	Existing Policy Conditions	Revised Import Policy	Revised Policy Condition
73181110	-Threaded articles: — Coach Screws —Machine Screws	Free	Subject to policy condition no. 2 and 3 of this Chapter.	Prohibited	However, import is ‘Free’ if CIF value is Rs. 129/- or above per Kg and subject to policy condition no. 2 and 3 of this Chapter.
73181190	-Threaded articles: — Coach Screws —Others	Free	Subject to policy condition no. 2 and 3 of this Chapter.	Prohibited	However, import is ‘Free’ if CIF value is Rs. 129/- or above per Kg and subject to policy condition no. 2 and 3 of this Chapter.
73181200	-Threaded articles: — Other Wood Screws	Free	Subject to policy condition no. 2 and 3 of this Chapter.	Prohibited	However, import is ‘Free’ if CIF value is Rs. 129/- or above per Kg and subject to policy condition no. 2 and 3 of this Chapter.
73181300	-Threaded articles: — Screw hooks and Screw rings	Free	Subject to policy condition no. 2 and 3 of this Chapter.	Prohibited	However, import is ‘Free’ if CIF value is Rs. 129/- or above per Kg and subject to policy condition no. 2 and 3 of this Chapter.
73181400	-Threaded articles: — Self-tapping screws	Free	Subject to policy condition no. 2 and 3 of this Chapter.	Prohibited	However, import is ‘Free’ if CIF value is Rs. 129/- or above per Kg and subject to policy condition no. 2 and 3 of this Chapter.
73181500	-Threaded articles: — Other screws and bolts, whether or not with their nuts or washers	Free	Subject to policy condition no. 2 and 3 of this Chapter.	Prohibited	However, import is ‘Free’ if CIF value is Rs. 129/- or above per Kg and subject to policy condition no. 2 and 3 of this Chapter.
73181900	-Threaded articles: — Others	Free	Subject to policy condition no. 2 and 3 of this Chapter.	Prohibited	However, import is ‘Free’ if CIF value is Rs. 129/- or above per Kg and subject to policy condition no. 2 and 3 of this Chapter.