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Corporate Laws Central Ministry of Commerce and Industry Foreign Trade (Development and Regulation) Act, 1992

Amendment in Para 2.31 of the Foreign Trade Policy, 2023

01-Jan-2024 | 56/2023

Directorate General of Foreign Trade has issued Amendment in Para 2.31 of the Foreign Trade Policy, 2023, effective from 2nd January 2024. By virtue of the amendment, Para 2.31 [I (e)] which outlines the import policy for Used IT Assets such as laptops, desktops, monitors, and printers has been inserted. While the import of these assets from SEZ to DTA is restricted, certain conditions have been specified to facilitate the process. The import conditions are: 1. Used IT Assets can be moved from SEZ to DTA without a Restricted Imports License, provided there is a minimum usage of 2 years in the SEZ area, and the goods are not older than 5 years from the date of manufacturing. 2. In the case of a unit closing down operations in SEZ and relocating to DTA, the import is allowed without a Restricted Imports License, given that the goods are not older than 5 years from the date of manufacturing. 3. The relaxation for import is subject to the condition that no exemption from regulatory requirements (CRO, WPC, RoHS) was availed at the time of importing Used IT Assets into the SEZ. For detailed information, please refer to the attached document.

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