Amendment in Import Policy condition no. 1(III) under Chapter 87
Amendment in Import Policy condition no. 1(III) under Chapter 87 of ITC (HS), 2022, Schedule —I (Import Policy). – reg.
S.O. (E): In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development &Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2023, as amended from time to time, the Central Government hereby revises the Policy Condition no.1 (III) under Chapter 87 of the ITC (HS) 2022, Schedule-1 (import Policy) with immediate effect as under:-
| Existing Policy condition | Revised Policy Condition |
| (III) Cars manufactured prior to 1st January, 1950(111) are free for import by Actual Users. Policy Condition (I) and (II) above shall not be applicablell1A for these cars. However, such of the cars that would amended, be plying on public roads will continue to be subject Policy to Central Motor Vehicles Act, 1988 and Rules, 1989. | (III) Cars classified as ‘Vintage motor vehicles’ under Explanation to sub-rule (1) of rule 81A of Chapter of Central Motor Vehicles Rules, 1989 as are free for Import by Actual Users. Condition no. 1 (1) and 1 (11) of Chapter 87 of ITC HS 2022 shall not be applicable for these vehicles. However, such of the cars that would be plying on public roads will continue to be subject to Motor Vehicles Act, 1988 and rules made thereunder. Further, such imported cars shall comply with conditions laid down under Chapter 111A of Central Motor Vehicles Rules, 1989 as amended from time to time. |
Effect of the Notification: Classification of Vintage Motor Vehicles has been revised to align it with the Central Motor Vehicles Rules, 1989 as amended.
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