Amendment in ITC (HS) 2012 Schedule 1 - Import Policy.

By Vijay Kumar

GOVERNMENT has amended Schedule 1 - Import Policy of ITC (HS) - 2012, under Chapter 87, Para 2 (II) (a) (iv):-

"2 (II) the import of new vehicles shall be subject to the following conditions:

a. The new vehicle shall-

(i) have a speedometer indicating the speed in Kilometers per hour;

(ii) have right hand steering, and controls (applicable on vehicles other than two and three wheelers);

(iii) have photometry of the headlamps to suit "keep-left" traffic'; and

(iv) be imported from the country of manufacture. The country of manufacture will also mean a Single Market like the European Union (EU)."

The text marked in red is the new addition.

DGFT Notification No. 13 (RE-2012)/2009-2014, Dated: August 28, 2012