Import Policy – Carbon Black, Seamless Tubes/Pipes and Bumpers and parts – FREE – DGFT Clarifies
In - 19.01.2009, we had reported, “Government has changed the Import Policy for Carbon Black, Seamless Tubes/Pipes and Bumpers and parts to be FREE instead of RESTRICTED. However for Carbon Black with CIF value of Rs.80,000 /- PMT and above, the Import Policy will be Restricted.”
Now DGFT has received representations seeking a clarification on clearance of import consignments of items where restrictions have been removed vide Notification No. 81 dated 16.1.2009. The consignments in question were said to be imported during the period i.e. 21st November, 2008 and 16th January, 2009, when these items were restricted for imports.
DGFT clarifies that “import clearance without a licence may be allowed in all cases where goods have been imported during the period of restriction, but Bill of Entry for clearance has been filed with Customs on or after 16th January, 2009.”
DGFT Policy Circular No. 59 (RE-2008)/2004-2009 Dated: February 10, 2009