New Delhi: The govt on Tuesday mentioned import of tyres underneath the Obligation Absolutely free Import Authorisation (DFIA) plan will not not be allowed. Below the DFIA plan, exporters are allowed to import merchandise at zero duty for three many years.
In a notification, the Directorate General of International Trade (DGFT) mentioned a new sub-para in a chapter in the International Trade Policy 2015-twenty “for disallowing import of tyres underneath DFIA plan is introduced”.
Before in March, the DGFT had imposed curbs on imports of specified new pneumatic tyres utilized in motor autos, buses, lorries and bikes in a transfer to advertise domestic production.
Putting the goods underneath a restricted category means an importer would involve a licence or permission from the DGFT for imports.
The govt is taking methods to advertise domestic production and lessen import invoice of non-necessary goods.