GOVERNMENT OF INDIA

MINISTRY OF COMMERCE

DIRECTORATE GENERAL OF FOREIGN TRADE

(PC-IV SECTION)

Policy Circular No. 17 (RE-00)/2000-2001

Dated: 14th July,2000

ALL LICENSING AUTHORITY

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ALL COMMISSIONERS OF CUSTOMS

Subject : 1. Importability of cars , microbuses etc. by travel agents , tour operators or tourist transport operators under 5% EPCG Scheme.

Enhancement of CIF value of licences issued under zero duty EPCG Scheme.

Attention is invited to the Customs Notification Number 60/98 –Customs dated 3-8-1998 read with the Customs Notification No. 31/99 dated 8-3-1999, which provides that “ hotel industry and tourism industry” is entitled for the import of “motor cars/sports utility vehicles/all purpose vehicles” as per the guidelines stated therein. The word and expression “tourism industry” means travel agents , tour operators or tourist transport operators , who are certified as Export House or Trading House or Star Trading House or Super Star Trading House, in terms of Notification no. 33 dated 26th November,1998. In this context it is clarified that in the event of a travel agent , tour operators or tourist transport operator applying for the import of motor cars/sports utility vehicles/all purpose vehicles , under EPCG Scheme, the licence, if issued , shall be subject to the execution of bank guarantee(BG) by the licencee , to the extent of 100% of the duty saved amount, irrespective of the status of the applicant or any notification issued in this regard.

2. Regarding the erstwhile zero duty EPCG Scheme, it is clarified that , no enhancement in the CIF value of the licence shall be considered by the Licencing Authorities In respect of licences issued under the scheme. Any change in the import items , incorporation of new item , deletion of any old item etc. may , however, be allowed in respect of zero duty EPCG licences , provided the CIF value of such licences is not exceeded.

This issues with the approval of DGFT.

Kiran Sehgal

Director General of Foreign Trade

More Under DGFT

Posted Under

Category : DGFT (3475)
Type : Circulars (7512) Notifications/Circulars (30327)
Tags : DGFT Notifications (3420)

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