Electrical Energy Import Free –Authorization
Requirement Lifted
[DGFT
Notification No. 27 dated 5th July 2013]
Subject: Amendment in the
Import Policy of Electrical Energy under Exim Code 2716 00 00.
In
exercise of powers conferred under Section 5 of the Foreign Trade (Development
and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy,
2009-2014, as amended from
time to time, the Central Government hereby makes the following amendment in
Chapter 27 of ITC (HS) 2012, Schedule 1 (Import
Policy):
2. The import policy of Electrical Energy under
Exim Code 2716 00 00 in Chapter 27 of ITC (HS) 2012,
Schedule 1 (Import Policy) is revised from ‘restricted’ to ‘free’.
Accordingly, the amended entry under Exim Code 2716 00 00 shall be as under:
|
Exim Code |
Item Description |
Policy |
Policy Conditions |
|
2716 00 00 |
Electrical Energy |
Free |
|
3. Effect of
this Notification
Henceforth, import of electrical energy will not require
authorization.