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New vehicle imports via Vizag port okayed

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Centre adds port to list of 15 others

The government has added Vishakhapatnam port to the list of ports and inland container depots (ICDs) for importing new vehicles.

“Vishakhapatnam port is being added to the list of 15 existing ports / lCDs, thereby taking the total number of ports / ICDs to 16, for importing new vehicles,” the Directorate General of Foreign Trade said in a notification.

Imports of new vehicles are allowed only though these 16 ports/ICDs, the notification added.

The other ports include Nhava Sheva, Mumbai, Kolkata, Chennai, Ennore, Cochin, Kattupalli, Krishnapatnam, Mumbai Air Cargo Complex, Delhi Air Cargo, Chennai Airport, Telegaon Pune, Tughlakabad and Faridabad. In a separate public notice, the directorate said the government has extended the MEIS, an export benefit scheme, for Bengal gram till September 20.

Earlier, it was allowed till June 20.

Under this scheme, the government provides duty credit scrip to exporters. The rates vary across products and the export destination, as envisaged in the foreign trade policy.

Printable version | Jul 14, 2018 9:54:46 PM | https://www.thehindu.com/business/Industry/new-vehicle-imports-via-vizag-port-okayed/article24421489.ece