Mention the items considered in the negative list of import and export along with its meaning and examples
Answers
(a) Freely Importable Items: Import of all items, except those included in the Prohibited List, is permissible free of duty for export production under a Duty Exemption Scheme. Most capital goods fall into this category. Items in this category do not require import licences and may be freely imported by any individual or entity.
(b) Prohibited List: The import of the following four items in India has been completely banned
• Tallow, Fat and/or Oils, rendered, unrendered or otherwise, of any animal origin including the following:
- Lard stearine, oleo stearine, tallow stearine, lard oil, oleo oil and tallow oil not emulsified or
- mixed or prepared in any way;
- Meat's-foot oil and fats from bone or waste;
- Poultry fats, rendered or solvent extracted;
- Fats and oils of fish/marine origin, whether or not refined, excluding cod liver oil, squid liver
Oil or a mixture thereof and Fish Lipid oil containing Eicospentaenic acid and
Decosahexaenoic acid; and
- Margarine, imitation lard and other prepared edible fats of animal origin.
• Animal rennet.
• Wild Animals including their parts and products and ivory.
(c) Restricted List: Restricted items can be imported only with licences and only by actual users. The import of items in this list are restricted on the grounds of security, health and environmental protection or because goods are reserved for production by small and tiny enterprises, which are home-based or village-based and which require low skills and employ a large number of people. However, the policy of restricting import of consumer goods is changing.
Hope It Helps u :)