Executive Summary:
This notification, issued by the Ministry of Commerce and Industry, amends the Import Policy to facilitate the import of new vehicles. Effective March 13, 2015, it adds Kattupalli Port and APM Terminals, Pipavav Port to the list of approved customs ports and ICDs (Inland Container Depots) for importing new vehicles, increasing the total number from 12 to 14. This change is made under the Foreign Trade (Development and Regulation) Act of 1992 and the Foreign Trade Policy of 2009-2014.
Key Points / Main Content:
Amendment to Import Policy:
* The Import Policy Condition 2 to Chapter 87 of ITCHS (Indian Trade Clarification based on Harmonized System of Coding) 2012, Schedule 1 Import Policy, is amended.
Addition of New Ports:
* Kattupalli Port and APM Terminals, Pipavav Port are added to the existing list of approved ports and ICDs for importing new vehicles.
* The revised list now includes a total of 14 ports/ICDs.
Revised Policy Condition:
* Import of new vehicles is permitted only through the specified customs ports and ICDs, which now include:
* Seaports: Nhava Sheva, Mumbai, Kolkata, Chennai, Ennore, Cochin, Kattupalli, APM Terminals Pipavav.
* Airports: Mumbai Air Cargo Complex, Delhi Air Cargo, Chennai Airport.
* ICDs: Telegaon Pune, Tughlakabad, Faridabad.
Impact Analysis:
Stakeholders Impacted:
* Importers of New Vehicles
Impact: Greater flexibility in choosing ports of entry, potentially reducing transportation costs and time.
Action Required: Importers should take note of the expanded list of approved ports and ICDs for planning their import logistics.
* Customs Authorities
Impact: Need to update their systems and procedures to include the new ports for processing the import of new vehicles.
Action Required: Implement necessary changes to accommodate Kattupalli Port and APM Terminals, Pipavav Port as approved points of entry for new vehicles.
Key Entities Referenced
Foreign Trade Policy, 2009-2014: A policy document that is amended in the notification regarding import regulations.
Foreign Trade (Development and Regulation) Act, 1992: An act of the Indian Parliament that gives the Central Government powers to regulate foreign trade.
Kattupalli Port: A customs port added to the list of ports/ICDs permitted for the import of new vehicles.
APM Terminals Pipavav Port: A customs port added to the list of ports/ICDs permitted for the import of new vehicles.
Nhava Sheva: A sea port in Maharashtra, India through which import of new vehicles is permitted.
Mumbai: A sea port in Maharashtra, India through which import of new vehicles is permitted.
Chennai: A sea port in Tamil Nadu, India through which import of new vehicles is permitted.
Director General of Foreign Trade: The issuing authority for the notification, responsible for foreign trade regulation.