Dated 10th July 2013
Government of India, Ministry of Commerce & Industry, Department of Commerce vide its Notification No 5 (RE – 2013)/2009-2014 Dated: 18th April, 2013 hereby makes the following amendments in Chapter 87 to ITC (HS) 2012, Schedule 1 (Import Policy):
2. Import policy of cars manufactured prior to 1st January, 1950 has been revised from ‘restricted’ to ‘free’. Accordingly, a new paragraph is being inserted under Policy Condition 1 of Chapter 87 to ITC (HS) 2012, Schedule 1 (Import Policy). The new paragraph (III) will read as under:
“(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.”
3. Effect of this notification:-
Import policy of cars manufactured prior to 1st January, 1950 is being revised from ‘restricted’ to ‘free’ for Actual Users with immediate effect.
SOURCE: GOVT. OF INDIA, Ministry of Commerce and Industry