**Summary:**
This notification, No. 55/2015-2020, issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India, on February 24, 2022, amends the import policy for specific items classified under the Indian Trade Classification (Harmonised System) [ITCHS] codes 8524 and 8525 of Chapter 85 of ITCHS 2022, Schedule I – Import Policy. Specifically, the import policy for the following ITCHS codes is revised from "Restricted" to "Free" with immediate effect: 8524 11 00 (Of liquid crystals), 8524 12 00 (Of organic light-emitting diodes [OLED]), 8524 19 00 (Other), 8524 91 00 (Of liquid crystals), 8524 92 00 (Of organic light-emitting diodes [OLED]), 8524 99 00 (Other), and 8525 89 00 (Other). This amendment is made in exercise of powers conferred by Section 3 and Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended. The notification's file number is 01/89/180/27/AM21/PC2[AE30106]. Santosh Kumar Sarangi, Director General of Foreign Trade and Ex-officio Additional Secretary to the Government of India, approved the issuance of this notification.
Key Entities Referenced
Foreign Trade Development and Regulation Act, 1992: A key legislation providing the legal framework for foreign trade regulation in India, and the source of power for the Central Government to amend import policies.
Foreign Trade Policy, 2015-2020: The prevailing foreign trade policy during the period relevant to the notification, which is being amended.
ITCHS: Abbreviation for Indian Trade Classification (Harmonized System), a classification system used for import and export items.
ITCHS 8524: A specific category of items under the ITCHS classification, pertaining to liquid crystal devices; light emitting diodes, and other electronic display related items, the import policy of which is being amended.
ITCHS 8525: A specific category of items under the ITCHS classification, related to transmission apparatus and other electronic components, the import policy of which is being amended.
New Delhi: The location from which the notification was issued.
Santosh Kumar Sarangi: The Director General of Foreign Trade and Ex officio Additional Secretary to the Government of India, who approved the issuance of the notification.
Ministry of Commerce and Industry: The government ministry responsible for foreign trade policy.
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
Directorate General of Foreign Trade
Notification No. 55 /2015-2020
New Delhi, 24'" February, 2022
Subject: Amendment in import policy of items under ITC(HS) 8524 and 8525 of Chapter
85 of ITC(HS) 2022, Schedule — I (Import Policy)
S.0.(E): In exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade
(Development and Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign
Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends
the import policy of items under ITC(HS) 8524 and 8525 of Chapter 85 of ITC(HS) 2022,
Schedule — I (Import Policy) as follows -
ITC(HS) {Item Description Existing Import Revised Import
Policy Policy
Code
8524 11 00 |-- Of liquid crystals Restricted Free
8524 1200 |-- Of organic light-emitting diodes Restricted Free
(OLED)
8524 19 00 |-- Other Restricted Free
8524 91 00 |- Of liquid crystals Restricted Free
85249200 |-- Of organic light-emitting diodes Restricted Free
(OLED)
8524 99 00 |-- Other Restricted Free
8525 89 00 |-- Other
Restricted Free
2. Effect of the Notification: Import policy of ITC(HS) 8524 and ITC(HS) 8525 89 00 is
revised from ‘Restricted’ to ‘Free’ with immediate effect.
‘This issues with the approval of Minister of Commerce & Industry.
(Santosh Kumar Sarangi)
Director General of Foreign Trade
& Ex- officio Addl. Secretary to the Government of India
[Issued from File No. 01/89/180/27/AM-21/PC-2[A]/E-30106]