[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. 65 (RE–2013)/2009-2014

New Delhi Dated the  8th  January, 2014.

  

Subject: - Addition of a new Policy Condition No. 10 to Chapter 87 of ITC (HS), 2012 Schedule 1 (Import Policy).

….

 

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 amends Policy Conditions  to Chapter 87 of ITC (HS) 2012, Schedule 1 (Import Policy) as under:

 

2.       After Policy Condition No. 9, a new Policy Condition No. 10 is added to Chapter 87 of ITC (HS), 2012 Schedule 1 (Import Policy) as follows:

 

“10.     The import of customized Cars/Motorcycles and parts thereof required for the race events shall be subject to the following conditions:-

 

(a)        The conditions at Sl. Nos. 1 & 2 above shall not be applicable on import       of customized             Cars/Motorcycles and parts thereof.

(b)        At the time of Customs clearance, a Type Approval Certificate/         COP of an        international             accredited agency from the country of origin will not be         required. 

(c)        A certificate from Nodal Agency (to be nominated by Govt. of India)            indicating the   details of the vehicle shall be      required at the time of             Customs clearance.  Import     shall be permitted only through such Customs             ports as per Policy Condition (1)         (II) (d) (iv).

                        (d)        These vehicles will be used only for the purpose for which these are imported.         Vehicles imported under this provision will not be registered CMV Act/ Rules;             nor be alienated/ sold to any individual/organization/institution etc. anywhere in India.            These   vehicles shall not ply on public roads and can    only be used within the enclosed         premises with requisite safety precautions and will not be engaged in       any sort of       commercial activities.

(e)        The importer shall be required to execute a Bond with Customs with adequate           security/ surety to re-export the vehicle(s) within 30 days of the completion       of the   event or within such extended period as the appropriate             officer may allow after being shown a reasonable cause.”

 

3.       Effect of this notification:

           

             A new Policy Conditions No. 10 is added to Chapter 87 of ITC (HS), 2012 Schedule-1 (Import Policy) for facilitating the import of customized Cars/Motorcycles and parts thereof required for the race events.

 

                                                                                                                   Sd/-

 (Anup K. Pujari)

Director General of Foreign Trade

E-mail: dgft[at]nic[dot]in

 

[Issued from F.No.01/89/180/32/AM-12/PC-2(A)]