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The Central Government amends the import policy and policy condition for specific screws under Chapter 73 of the ITC (HS) 2022 from Free to Prohibited. Importers may bring the affected screws into the country freely if the CIF value is Rs. 129 or above per kilogram. The import remains subject to Policy condition number 2 and 3 of this Chapter. Importers must check the CIF value before they ship the items.
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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. 55/2023 New Delhi, Dated: $3^{\text{rd}}$ January, 2024
Subject: Amendment in Import Policy and Policy condition of Screws covered under HS code 7318 of Chapter 73 of Schedule –I (Import Policy) of ITC (HS) 2022.
S.O. (E): In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government hereby amends the import policy and policy condition for specific HS codes covered under Chapter 73 of the ITC (HS), 2022, Schedule-I (Import Policy) as under:
| HS code | Item Description | Existing Import Policy | Existing Policy Condition | Revised Import Policy | Revised Policy Condition |
|---|---|---|---|---|---|
| 73181110 | -Threaded articles: -- Coach Screws Machine screws | Free | Subject to Policy condition no. 2 and 3 of this Chapter | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
| 73181190 | -Threaded articles: -- Coach Screws --- Other | Free | Subject to Policy condition no. 2 and 3 of this Chapter | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
| 73181200 | Threaded articles: -- Other wood screws | Free | Subject to Policy condition no. 2 and 3 of this Chapter | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
| 73181300 | - Threaded articles : Screw hooks and screw rings | Free | Subject to Policy condition no. 2 and 3 of this Chapter | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
| 73181400 | - Threaded articles: -- Self-tapping screws | Free | Subject to Policy condition no. 2 and 3 of this Chapter | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
| 73181500 | - Threaded articles: -- Other screws and bolts, whether or not with their nuts or washers | Free | Subject to Policy condition no. 2 and 3 of this Chapter | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
| 73181900 | - Threaded articles: -- Other | Free | Subject to Policy condition no. 2 and 3 of this Chapter | Prohibited | However, import is "Free" if CIF value is Rs. 129/- or above per Kg and subject to Policy condition no. 2 and 3 of this Chapter |
Effect of the notification: The Import Policy of Screws under ITC (HS) Codes 73181110, 73181190, 73181200, 73181300, 73181400, 73181500 and 73181900 is revised from "Free" to "Prohibited". However, import shall be "Free" if CIF value is Rs. 129/- or above per Kg.
This is issued with the approval of Minister of Commerce & Industry.
[Image omitted. See the official document.] (Santosh Kumar Sarangi) Director General of Foreign Trade & Ex-officio Addl. Secretary to Govt. of India Email: dgft@nic.in
(Issued from File No. 01/89/180/13/AM-23/PC-2[A] /E-37595)
