The Directorate General of Foreign Trade (DGFT) on Thursday revised the import policy of flat panel displays and camera modules from ‘Restricted’ to ‘Free’ with immediate effect.
The DGFT said in an official statement, “In exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the import policy of items under ITC(HS) 8524 and 8525 of Chapter 85 of ITC(HS) 2022, Schedule — I (Import Policy) as follows –
|Item Description||Existing Import
|8524||11||00||— Of liquid crystals||Restricted||Free|
|8524||12||00||— Of organic light emitting diodes (OLED) Of organic light-emitting diodes
|8524||91||00||— Of liquid crystals||Restricted||Free|
|8524||92||00||— Of organic light emitting diodes (OLED) Of organic light-emitting diodes
Import policy of ITC(HS) 8524 and ITC(HS) 8525 89 00 is revised from ‘Restricted’ to ‘Free’ with immediate effect.”