Insertion of a new Policy condition under Chapter 87 of ITC (HS), 2017 - Schedule - I (Import Policy) - 07/2015-2020 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Notification No. 07/2015-2020 New Delhi, Dated: 08 th May, 2018 Subject: Insertion of a new policy condition under Chapter 87 of ITC (HS), 2017 -Schedule -1 (Import Policy). In exercise of powers conferred by Section 3 of FT (D R) Act, 1992 , read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020 , as amended from time to time, the Central Government hereby inserts a new Policy Condition, number (10) at the end of Chapter 87 of ITC (HS) 2017 - Schedule - 1 (Import Policy) as under:- (10) Policy Condition 1 and 2 [except for 1 (II) (d) (iv) and 2 (II) (d)] above shall not be applicable for import of automotive mining equipments, oil rigging equipments for operation in captive mines/ oil rigging areas and vehicles for research and development purposes subject to the condition that the imported item is re-exported / scrapped under certification from the concerned authorities, once its purpose is served. Above condition is applicable for both old/used and new equipments/ vehicles. Further these equipments/ vehicles shall not ply on public roads, except for mobilization and demobilization purposes. 2. Effect of this Notification: Policy condition for import of old/used and new automotive mining equipments, oil rigging equipments for operation in captive mines/oil rigging areas and other vehicles for research and development purposes is introduced. (Alok Vardhan Chaturvedi) Director General of Foreign Trade [Issued from File No.01/93/180/1483/AM-03/PC-2(A)/Vol-IV/E-1868]