- The Central Government has revised Policy Condition No. 1(III) under Chapter 87 of the ITC (HS), 2022, Schedule-I (Import Policy). This amendment is made under the Foreign Trade (Development & Regulation) Act, 1992, and the Foreign Trade Policy, 2023. The revision takes effect immediately. The primary change is in the classification of vintage motor vehicles. The update aligns the classification with the Central Motor Vehicles Rules, 1989.
Existing Policy condition | Revised Policy Condition |
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Notification Reference: GSTN Notification No. 58/2024-25 08/02/2025
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