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

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-03012024-251125 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 50] NEW DELHI, WEDNESDAY, JANUARY 3, 2024 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 3rd January, 2024 No. 55/2023 Subject: 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. 55(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 Policy | Import Existing Policy Condition | Revised Policy | Import New Policy Condition | +==========+==============================================+=================+=========================================+================+==============================================================================================+ | 73181110 | -Threaded articles: - Coach Screws | Free | Subject to Policy condition no. 2 and 3 | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy | | | -- Machine screws | | of this Chapter | | condition no. 2 and 3 of this Chapter | +----------+----------------------------------------------+-----------------+-----------------------------------------+----------------+----------------------------------------------------------------------------------------------+ | 73181190 | -Threaded articles: - Coach Screws | Free | Subject to Policy condition no. 2 and 3 | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy | | | -- Other | | of this Chapter | | condition no. 2 and 3 of this Chapter | +----------+----------------------------------------------+-----------------+-----------------------------------------+----------------+----------------------------------------------------------------------------------------------+ | 73181200 | -Threaded articles : - Other wood screws | Free | Subject to Policy condition no. 2 and 3 | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy | | | | | of this Chapter | | condition no. 2 and 3 of this Chapter | +----------+----------------------------------------------+-----------------+-----------------------------------------+----------------+----------------------------------------------------------------------------------------------+ | 73181300 | -Threaded articles: - Screw hooks and | Free | Subject to Policy condition no. 2 and 3 | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy | | | screw rings | | of this Chapter | | condition no. 2 and 3 of this Chapter | +----------+----------------------------------------------+-----------------+-----------------------------------------+----------------+----------------------------------------------------------------------------------------------+ | 73181400 | -Threaded articles: - Self-tapping screws | Free | Subject to Policy condition no. 2 and 3 | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy | | | | | of this Chapter | | condition no. 2 and 3 of this Chapter | +----------+----------------------------------------------+-----------------+-----------------------------------------+----------------+----------------------------------------------------------------------------------------------+ | 73181500 | -Threaded articles: - Other screws and | Free | Subject to Policy condition no. 2 and 3 | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy | | | bolts, whether or not with their nuts or | | of this Chapter | | condition no. 2 and 3 of this Chapter | | | washers | | | | | +----------+----------------------------------------------+-----------------+-----------------------------------------+----------------+----------------------------------------------------------------------------------------------+ | 73181900 | -Threaded articles: - Other | Free | Subject to Policy condition no. 2 and 3 | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy | | | | | of this Chapter | | 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. [F. No. 01/89/180/13/AM-23/PC-2[A] /E-37595] SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex-officio Addl. Secy.