Amendment in Import Policy of Electrical Energy
THE Central Government has made the following amendment in Chapter 27 of ITC (HS) 2012, Schedule 1 (Import Policy) and in terms of which the import policy of Electrical Energy under Exim Code 2716 00 00 is revised from ‘restricted' to ‘free'.
Inasmuch as by this amendment import of Electrical Energy will not require authorization henceforth.
The Policy till now was like this:
Exim Code | Item Description | Policy | Policy conditions |
|---|---|---|---|
2716 00 00 | Electrical Energy | Restricted | Import subject to license to be issued by DGFT in consultation with Ministry of External Affairs, Ministry of Power and Department of Commerce, Government of India. However, import from SEZ will be ‘Free'. |
Notification No. dated July, 5, 2013