The Directorate General of Foreign Trade (DGFT) on January 03, 2024, issued a notification regarding an 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.
The following has been stated: -
•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 the CIF value is Rs. 129/- or above per Kg.
•This is issued with the approval of the Minister of Commerce & Industry.
The detailed notification is given in the document attached below.
[Notification No.55/2023]
