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Saturday, July 6, 2013

DGFT – Import of electrical energy will not require authorization

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NOTIFICATION NO. 27 (RE-2013)/2009-2014
NEW DELHI, THE 5th JULY, 2013
Subject: Amendment in the Import Policy of Electrical Energy under Exim Code 2716 00 00.
S.O. (E): In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby makes the following amendment in Chapter 27 of ITC (HS) 2012, Schedule 1 (Import Policy):
2. The import policy of Electrical Energy under Exim Code 2716 00 00 in Chapter 27 of ITC (HS) 2012, Schedule 1 (Import Policy) is revised from ‘restricted’ to ‘free’. Accordingly, the amended entry under Exim Code 2716 00 00 shall be as under:
Exim Code Item Description Policy Policy Conditions
2716 00 00Electrical EnergyFree
3. Effect of this Notification:
Henceforth, import of electrical energy will not require authorization.

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