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
- MIP Condition Relaxed for SEZs and EOUs
- DGFT Notifies New SION A-3686 Under Foreign Trade Policy 2023
- Govt. Eases Leather Export Rules
- DGFT Amends Import Policy for Chapter 83 under ITC (HS)
- Government Amends Import Rules for Iron & Steel Products
- Govt Extends Yellow Peas Import Policy Till March 2026
- Export Boost: Leather Product Restrictions Lifted by Government
- RoDTEP Returns for SEZs, EOUs & Advance Authorizations
FeATURED ARTICLES
MIP Condition Relaxed for SEZs and EOUs The Central Government has extended the Minimum Import Price (MIP) condition on certain…
DGFT Notifies New SION A-3686 Under Foreign Trade Policy 2023 In a significant development for exporters and stakeholders in the…
Govt. Eases Leather Export Rules In a recent move to boost leather exports, the Central Government has revoked export conditions…
DGFT Amends Import Policy for Chapter 83 under ITC (HS) The Central Government has issued an amendment under the powers…