DGFT further tightens norms for import of cars / SUVs by tourism industry under EPCG Scheme

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..... Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No.22 of 1992) read with paragraph 1.3 of the Foreign Trade Policy, 2004-09 as amended from time to time, the Central Government hereby makes the following amendments: 1. The sub paragraph of Para 5.1 after the sub paragraph "Second hand capital goods without any restriction on age may also be imported under the EPCG scheme" o .....

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..... s imported under this scheme shall be registered either as a tourist vehicle or shall have an appropriate registration specific to a particular state enabling the vehicle to be used for tourist purpose. A copy of the Registration certificate should be submitted to the concerned Licensing Authority as a confirmation of the vehicle having been imported and capital good installed. However, the parts .....

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