DGFT further tightens norms for import of cars / SUVs by tourism industry under EPCG Scheme

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..... eign Trade (Development and Regulation) Act, 1992 (No.22 of 1992) read with paragraph 1.3 of the Foreign Trade Policy, 2004-09 as amended from time to time, the Central Government hereby makes the following amendments: 1. The sub paragraph of Para 5.1 after the sub paragraph "Second hand capital goods without any restriction on age may also be imported under the EPCG scheme" of Para 5.1 will be a .....

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..... s scheme shall be registered either as a tourist vehicle or shall have an appropriate registration specific to a particular state enabling the vehicle to be used for tourist purpose. A copy of the Registration certificate should be submitted to the concerned Licensing Authority as a confirmation of the vehicle having been imported and capital good installed. However, the parts of motor cars, spor .....

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