Regulatory Alerts2018-10-12 | Banking Act Directions No. 7 of 2018Measures to Curtail Imports of Motor Vehicles and Non-essential Consumer Goods
The regulatory authority issued an exclusion schedule that exempts specific motor vehicles from current import curtailment measures. The classification system utilizes HS codes to define eligibility based on engine types, cylinder capacities, and mandatory age limits between three and ten years. It further distinguishes modified passenger cars, specialized transport units such as ambulances and hearses, and commercial cargo vehicles to establish precise market access rules.
Share