NOTIFICATION NO. 49/2008, DT. 23/10/2008

Licensing Note shall be inserted at the end of Chapter 48 of ITC (HS)

S.O. (E) In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, also read alongwith paragraph 2.1 of the Foreign Trade Policy, 2004-09, the Central Government hereby amends Schedule-I (Imports) of the ITC (HS) Classifications of Export and Import Items, 2004-09 as under:-

1. The following Licensing Note shall be inserted at the end of Chapter 48 of ITC (HS) Classification of Export and Import Items:

“3. The conditions for import of Security Printing Paper are as follows:

(i) Import of Security Printing Paper may be made without a licence by India Security Press, Nasik and Security Paper Press, Hyderabad subject to actual user condition on specific letter of approval from the Ministry of Finance (Department of Economic Affairs), Government of India for the import. The letter of approval of Ministry of Finance should be submitted to the Customs for clearance of the import.

(ii) The importer shall furnish quarterly returns of the quantity and value of the imports made by him to the Ministry of Finance for the quarters ending 30th June, 30th September, 31st December and 31st March of each financial year, within 30 days of the close of the quarter concerned”.

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. 01/89/180/41/AM09/PC-2(A))

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