NTF. NO. 11/1997, DT. 08/08/1997

Floor price for import of tyres fixed

In exercise of the powers conferred by section 5 of the Foreign trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 4.1 of Export and Import policy, 1997-2002, in the Central Government hereby notifies the following amendments in the "ITC (HS) Classifications of Export and Import Items 1997-2002", namely:-

The policy indicated against the following Sub-Exim under Code 40.12 shall be amended to read as under:-

EXIM Code	Item Description	Policy	Condition relating to the Policy	Import under SIL / Public Notice
40121000.10	For buses, lorries and earth moving equipment including bigger size vehicles and light Commercial vehicles	Restricted	Not permitted to be imported except against a licence or in accordance with a Public Notice issued in this behalf	Import permitted freely if the per tyre c.i.f value is US $175 and above
40121000.20	For passenger automobile vehicles, including two wheelers, three wheelers and personal type vehicles	Restricted	Not permitted to be imported except against a licence or in accordance with a public Notice issued in this behalf	Import permitted freely if the per Tyre cif value is US $ 25 and above
40122000.10	For buses, lorries and earth moving equipment including bigger size vehicles and light Commercial vehicles	Restricted	Not permitted to be imported except against a licence or in accordance with a Public Notice issued in this behalf.	Import permitted freely if the per tyre c.i.f. value is US $ 175 and above.
40122000.20	For passenger automobile vehicles including two wheelers, three wheelers and Personal type vehicles	Restricted	Not permitted to be imported except against a licence or in accordance with a Public Notice issued in this behalf.	Import permitted freely if the per tyre c.i.f. value is US $ 25 and above.

There shall be no change in the import policy indicated against other sub-Exim Codes.

2. This issues in public interest.

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