Amendment in Import Policy and Policy condition of Screws covered under HS code 7318 of Chapter 73 of Schedule -I (Import Policy) of ITC (HS) 2022 - 55/2023 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Notification No. 55/2023 New Delhi, Dated: 3 rd January, 2024 Subject: Amendment in Import Policy and Policy condition of Screws covered under HS code 7318 of Chapter 73 of Schedule -I (Import Policy) of ITC (HS) 2022. S.O. (E): In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development Regulation) Act, 1992 , read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023 , as amended from time to time, the Central Government hereby amends the import policy and policy condition for specific HS codes covered under Chapter 73 of the ITC (HS), 2022, Schedule-I (Import Policy) as under: HS code Item Description Existing Import Policy Existing Policy Condition 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 ---Other 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 : -- Other 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 Effect of the notification : The Import Policy of Screws under ITC (HS) Codes 73181110 , 73181190 , 73181200 , 73181300 , 73181400 , 73181500 and 73181900 is revised from Free to Prohibited . However, import shall be Free if CIF value is Rs. 129/- or above per Kg. This is issued with the approval of Minister of Commerce Industry. (Santosh Kumar Sarangi) Director General of Foreign Trade Ex-officio Addl. Secretary to Govt. of India Email: [email protected] (Issued from File No. 01/89/180/13/AM-23/PC-2[A] [E-37595)