Retreaded Tyres Policy Streamlined

[DGFT Notification No. 10 dated 22^nd April 2013]

Subject: Amendment in Policy Condition 1 to Chapter 40 of ITC(HS), 2012.

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby amends Policy Condition 1 to Chapter 40 of ITC (HS) 2012, Schedule 1 (Import Policy) as under:

2. Presently, the bracketed portion at the end of Policy Condition 1 appended to Chapter 40 of ITC (HS) 2012, Schedule 1 (Import Policy) reads as under:

“[This policy condition applies to EXIM codes 4012 11 00, 4012 12 00, 4012 13 00, 4012 19 10, 4012 19 20, 4012 20 10, and 4012 20 90].”

The applicability of Policy Condition already finds a mention against the relevant 8 digit codes. Hence, the portion mentioned in the bracketed portion is not required.

3. The bracketed portion at the end of Policy Condition 1 appended to Chapter 40 of ITC (HS) 2012, Schedule 1 (Import Policy) stands deleted.

4. Effect of this notification

The redundancy in Policy Condition 1 appended to Chapter 40 of ITC (HS) 2012, Schedule 1 (Import Policy) is removed with immediate effect.