Best Import policy

Best Import policy

1. procedure

   • Classification of all Products being imported according to level of importance / necessity
     • Class-1-Tech & Life (Tax & Duty free )
       • Reason=For introducing new technologies, or items for research purposes, life saving etc
     • Class-5-Banned (items to be banned )
       • Reasons= Items are causing pollution.....items are just for enjoyment leisure,luxury etc
     • Class-4-alternatives (Items must face heavy duty taxes)
       • Reasons= Product at same rate/ quality available in country, alternatives are available etc)
     • Class-3-Essentials ( moderate tax & Duty)
       • Reason=These items are essential and similar items with minor differences are available in country
     • Class-2-Highly essentials (low tax & Duty)
       • Reason=Items here are for general & essential category but not tech or life saving type
     • Class-7-Under Review & personal (Tax , duty....Depending upon items importance to individual & country )
       • Items that are new or by chance & need decision after report