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. |
DGFT
Legal
Company Secretarial
DGFT Notifications
Others
Recent Posts
- Deadline for Filing Annual RODTEP Return (ARR) for FY 2023-24 Extended to 30th June 2025
- Advance Authorisation License Norms Fixation: Everything You Need to Know in 2025
- Advance License Authorisation Amendment: Latest Updates and Simplified Guide (2025)
- Bombay High Court Rules: No Interest or Penalty on IGST for Past Imports under Advance Authorisation
- Advance Authorisation License Clubbing: A Complete 2025 Guide to New Rules, Benefits & Compliance
- Call for Feedback: Review of Automobile Tyre SIONs
- Revalidation and Extension of Export Obligation Period for Advance Authorisation License
- How to Procure Raw Materials Domestically Through ‘Advance Authorisation License’ Invalidation
FeATURED ARTICLES
Deadline for Filing Annual RODTEP Return (ARR) for FY 2023-24 Extended to 30th June 2025 As per the recent update…
Advance Authorisation License Norms Fixation: Everything You Need to Know in 2025 For Indian exporters, obtaining an Advance Authorisation license…
Advance License Authorisation Amendment: Latest Updates and Simplified Guide (2025) The Advance License Authorisation Amendment process is an important step…
Bombay High Court Rules No Interest or Penalty on IGST for Past Imports under Advance Authorisation In a landmark judgment,…