DGFT amends Import Policy Condition for Classification of Vintage motor Vehicles
The Central Government revises the Import Policy Condition no.1 (III) under Chapter 87 of the ITC (HS), 2022, Schedule – I (import policy) as shown in the table below: –
|
Existing Policy Condition |
Revised Policy Condition |
|
(III)Cars manufactured prior to 1st January, 1950 are free for import by Actual Users. Policy Condition (I) and (II) above shall not be applicable for these cars. However, such of the cars that would be plying on public roads will continue to be subject to Central Motor Vehicles Act, 1988 and Rules, 1989. |
(III)Cars classified as 'Vintage motor vehicles' under Explanation to sub-rule (1) of rule 81A of Chapter 111A of Central Motor Vehicles Rules, 1989 as amended, are free for Import by Actual Users. Policy Condition no. 1 (1) and 1 (11) of Chapter 87 of ITC HS 2022 shall not be applicable for these vehicles. However, such of the cars that would be plying on public roads will continue to be subject to Motor Vehicles Act, 1988 and rules made thereunder. Further, such imported cars shall comply with conditions laid down under Chapter IIIA of Central Motor Vehicles Rules, 1989 as amended from time to time. |
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