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Latest Change in the Import Policy of Tyres in India
The Govt. of India has recently amended the Import Policy of Pneumatic Tyres to deter the Imports of Tyres in India to support the objective of the Govt. of India to thrust on becoming “Atmanirbhar”. In order to cut down on the reliance on Imported products & to boost the Manufacturing of Tyres in India the Govt. of India has amended the Import Policy of Tyres from “Free” to “Restricted” with immediate effect vide DGFT Notification No 12/2015-20 dtd: 12/06/2020.
The Govt. has restricted the following ITC (HS) chapters under the cited Import Policy 4011 1010, 4011 1090, 4011 2010, 4011 2090, 4011 4010, 4011 4020, 4011 4090, 4011 5010, 4011 5090.
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