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 A
guide on Indian economic scenario with relevant trade statistics and
a directory of Indian businesses, manufacturers, exporters, and
traders. |
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Plastic Products
Trade Policy
Plastic and linoleum products are classified under HS code 39. All items under this code are freely importable by paying
custom duties. However, wastes, parings and scrap, of plastics which are falling under restricted groups of item, can be
imported only through licence.
Industry Policy
All industrial undertakings are exempt from obtaining an industrial licence to manufacture. Industrial undertakings are free
to select the location of a project. Certain items under plastic and linoleum products are specified for small scale units.
However, a small scale unit is not permitted more than 24 per cent equity in its paid up capital from any industrial
undertaking either foreign or domestic. Entrepreneurs are required to obtain Statutory clearances relating to Pollution
Control and Environment for setting up an industrial project. Producers also need to obtain environmental clearance from the
Ministry of Environment, Government of India. However, small scale units are exempt from environmental clearance.
Tariff-non-tariff Policy
All items under the code 39 have a uniform customs duty of 56.83 per cent. Of this, basic duty is 30 per cent, additional
duty is 16 per cent and special additional duty is four per cent. There are few exceptions such as no duty on imports of tags,
labels and PVC used in the factory of its production for the manufacture of goods which are exempt from the whole excise duty
or chargeable to nil rate.
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