Attention is invited to Policy Circular No.29 dated 06.10.2005 wherein re-conditioned computer monitors were classified under EXIM Code No.847160. This classification has been done with the intention that such re-conditioned computer monitors are not components of computers and are hence not freely importable. A license will be required for the import of re-conditioned computer monitors in terms of Para 2.17 of the Foreign Trade Policy.
A need was felt in the Board to combine all these instructions into one consolidated circular on the aforesaid matter to ensure uniformity to consider the request for waiver of interest on Customs duty on any warehoused goods u/s 61 of the Customs Act, 1962. Accordingly, in supersession of these previous guidelines and circulars on the aforesaid matter, the instructions have been consolidated in this Circular.
