NOTIFICATION NO. 55/2023, DT. 03/01/2024
Amendment in Import Policy and Policy condition of Screws covered under HS code 7318 of Chapter 73 of Schedule –I (Import Policy) of ITC (HS) 2022.
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 amends the import policy and policy condition for specific HS codes covered under Chapter 73 of the ITC (HS), 2022, Schedule-I (Import Policy) as under:
|
HS code |
Item Description |
Existing Import Policy |
Existing Policy Condition |
Revised Import Policy |
Revised Policy Condition |
|
73181110 |
-Threaded articles: — Coach Screws — Machine screws |
Free |
Subject to Policy condition no. 2 and 3 of this Chapter |
Prohibited |
However, import is “Free” if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
|
73181190 |
-Threaded articles: — Coach Screws — Other |
Free |
Subject to Policy condition no. 2 and 3 of this Chapter |
Prohibited |
However, import is “Free” if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
|
73181200 |
– Threaded articles : — Other wood screws |
Free |
Subject to Policy condition no. 2 and 3 of this Chapter |
Prohibited |
However, import is “Free” if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
|
73181300 |
– Threaded articles : — Screw hooks and screw rings |
Free |
Subject to Policy condition no. 2 and 3 of this Chapter |
Prohibited |
However, import is “Free” if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
|
73181400 |
– Threaded articles : — Self- tapping screws |
Free |
Subject to Policy condition no. 2 and 3 of this Chapter |
Prohibited |
However, import is “Free” if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
|
73181500 |
– Threaded articles : — Other screws and bolts, whether or not with their nuts or washers |
Free |
Subject to Policy condition no. 2 and 3 of this Chapter |
Prohibited |
However, import is “Free” if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
|
73181900 |
– Threaded articles : — Other |
Free |
Subject to Policy condition no. 2 and 3 of this Chapter |
Prohibited |
However, import is “Free” if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
Effect of the notification: The Import Policy of Screws under ITC (HS) Codes 73181110, 73181190, 73181200, 73181300, 73181400, 73181500 and 73181900 is revised from “Free” to “Prohibited”. However, import shall be “Free” if CIF value is Rs. 129/- or above per Kg.
This is issued with the approval of Minister of Commerce & Industry.
(Santosh Kumar Sarangi)
Director General of Foreign Trade &
Ex-officio Addl. Secretary to Govt. of India
Email: dgft@nic.in
(Issued from File No. 01/89/180/13/AM-23/PC-2[A] /E-37595)
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