NOTIFICATION No. 56 (RE-2008)/ 2004-2009 dated
07.11.2008
Govt. has permitted the import of new vehicles having an FOB value of US$ 40,000
or more
S.O. (E) In exercise of powers conferred by section 5 of the Foreign Trade
(Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign
Trade Policy, 2004-09, the Central Government hereby amends the Schedule-I
(Imports) to the ITC(HS) Classifications of Export and Import Items, 2004-09 as
under:
1. The existing Import Licensing Note (7) of Chapter 87 shall be amended to be
read as under:
“(7) Import of new vehicles having an FOB value of US $ 40,000 or more and
engine capacity of more than 3000cc for petrol run vehicle and more than 2500cc
for diesel run vehicles by (a) Individuals, (b) Companies and firms or (c) OEMs
(Original Equipment Manufacturers - who have manufacturing and service network
in India) will be exempt from the conditions at Sl. No. (2) (II) (c) above.
However, at the time of Customs clearance, a Type Approval Certificate / COP of
an international accredited agency from the country of origin or an EC Type
Approval Certificate / Certificate of COP, of an accredited agency from any
member state of EU, including a notarized English translation thereof, shall be
furnished. This Type Approval shall stipulate that the vehicle to be imported
complies with all the ECE Regulations for the complete vehicle. The accredited
agencies have been notified vide Policy Circular No. 26 dated 9.2.2004.”
2. This issues in public interest.
Sd/-
(R.S.Gujral)
Director General of Foreign Trade and
Ex-officio Additional Secretary to the Government of India
(Issued from File No. 01/89/180/29/AM09/PC-2(A)
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