05 (RE-2013) / 2009-2014 dated 18/04/2013
 

Import policy of cars manufactured prior to 1st January, 1950.
To be Published in the Gazette of India Extraordinary
Part-II, Section - 3, Sub-Section (ii)
 
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
 
Notification No  5  (RE – 2013)/2009-2014
New Delhi, Dated: 18th April, 2013
 
          Subject: Import policy of cars manufactured prior to 1st January, 1950.
 
S.O.(E)   In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby makes the following amendments in Chapter 87 to ITC (HS) 2012, Schedule 1 (Import Policy):
 
2.       Import policy of cars manufactured prior to 1st January, 1950 has been revised from ‘restricted’ to ‘free’. Accordingly, a new paragraph is being inserted under Policy Condition 1 of Chapter 87 to ITC (HS) 2012, Schedule 1 (Import Policy). The new paragraph (III) will read as under:   
    “(III) Cars manufactured prior to 1st January, 1950 are free for import by     Actual Users. Policy Condition (I) and (II) above shall not be applicable for       these cars. However, such of the cars that would be plying on public roads          will continue to be subject to Central Motor Vehicles Act, 1988 and Rules,     1989.” 
 
3.       Effect of this notification:-
          Import policy of cars manufactured prior to 1st January, 1950 is being revised from ‘restricted’ to ‘free’ for Actual Users with immediate effect.
 
Sd/-
 (Anup K. Pujari)
Director General of Foreign Trade
E-mail: dgft@nic.in
 
 
[Issued from F. No. 01/93/180/ 1483/AM-03 /PC-2(A)]

Opinion

Central Government revised Import policy of cars manufactured prior to 1st January, 1950 from ‘restricted’ to ‘free’ for Actual Users with immediate effect

 

WHY CHOOSE US?

We are team of professionals having vast experience in business setup and post compliances. We have helped hundreds of business in their set up and compliances. We use this knowledge and expertise to help our clients to take their business to the next level with results driven solutions.

OUR VISION

We believe in offering top quality and timely services. “To be a quality service provider, supporting global client base in their accounting, transaction, legal and taxation requirements.”We are a company of promise and possibilities. Each day represents a fresh opportunity to share Our Vision.

OUR MISSION

Our mission is to provide One-Stop solution to our clients for their business, financial and regulatory requirements.
We focus on timely, innovative, proactive and independent assurance, financial and tax services to our client and optimize stakeholders' value.

OUR OBJECTIVE

Our objective is to create and sustain long term relationship with our clients and provide one stop solutions for their requirements.

Our employees ideas and inspiration create opportunities constantly, and without limits.


Services

Taxation

Enhancing a stakeholder value is a fundamental concept, which drives every management effort in the modern business environment. Progressive and bottom – line focused managements have realized that taxes should be viewed as a dynamic item of cost, rather than a passive charge on the profits....

Read More

Advisory Service

Managing Risk to enhance performance to truly manage risk, it is vital to enable the right frameworks. We help enhance your business performance by building strong risk management frameworks into the very core of your business processes. This enables us to minimize...

Read More

Assurance

Our assurance services include Statutory audit, Tax audit and Special audits. We carry out audit of financial statements prepared in accordance with various GAAP's (IGAAP/US GAAP / IFRS / other international GAAP) under applicable auditing standards. Our audit methodology is compliant...

Read More

Admin Login

Employee Login

Get in Touch