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Core Purpose

Extends the Minimum Import Price condition on specified synthetic knitted fabrics under ITC (HS) Chapter 60 from January 1, 2025, to March 31, 2025.

Detailed Summary

This notification issued by the Ministry of Commerce and Industry, Directorate General of Foreign Trade, amends the import policy for 13 specified ITC (HS) codes of synthetic knitted fabrics under Chapter 60 of ITC (HS), 2022. It extends the Minimum Import Price (MIP) condition, stipulating that import of these fabrics is 'Restricted' but becomes 'Free' if the CIF value is 3.5 US Dollars per kilogram or above. This extension is effective from January 1, 2025, to March 31, 2025. The MIP condition is not applicable to imports made by Advance Authorisation holders, Export Oriented Units (EOUs), and units within Special Economic Zones (SEZs), provided that the imported inputs are not sold into the Domestic Tariff Area (DTA).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-08012025-259985 xxxGIDExxx EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 95] NEW DELHI, MONDAY, JANUARY 6, 2025/PAUSHA 16, 1946 146 GI/2025 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (Directorate General of Foreign Trade) NOTIFICATION New Delhi,the 4th January, 2025 No. 49/2024-25 Subject: Amendment in Import Policy and Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the ITC (HS), 2022โ€“ reg. S.O. 97(E). In exercise of powers conferred by Section 3 and Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2023, as amended from time to time, and in partial modification to Notification No. 77/2023 dated 16.03.2024 and Notification No. 33/2024-25 dated 01.10.2024 the Central Government hereby extends the condition of Minimum Import Price (MIP) on the following 13 ITC (HS) codes of Synthetic Knitted Fabrics from 01.01.2025 to 31.03.2025 as under: +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | ITC(HS) | Item Description | Revised | Policy condition | | Code | | Import | | | | | Policy | | +===========+=================================================+=====================+===============================================+ | 60063100 | Of synthetic fibres : -- | Restricted | However, import is 'Free' if CIF | | | Unbleached or bleached | | value is 3.5 US Dollar and above per | | | | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60063200 | Of synthetic fibres : -- | Restricted | However, import is 'Free' if CIF | | | Dyed | | value is 3.5 US Dollar and above per | | | | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60063300 | Of synthetic fibres : -- | Restricted | However, import is 'Free' if CIF | | | Of yarns of different | | value is 3.5 US Dollar and above per | | | colours | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60063400 | -Of synthetic fibres : -- | Restricted | However, import is 'Free' if CIF | | | Printed | | value is 3.5 US Dollar and above per | | | | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60069000 | Other | Restricted | However, import is 'Free' if CIF | | | | | value is | | | | | 3.5 US Dollar and above per | | | | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60019200 | Other : -- Of man- | Restricted | However, import is 'Free' if CIF | | | made fibres | | value is 3.5 US Dollar and above per | | | | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60041000 | Knitted or crocheted | Restricted | However, import is 'Free' if CIF | | | fabrics of a width | | value is 3.5 US Dollar and above per | | | exceeding 30 cm, | | Kilogram | | | containing by weight 5 | | | | | percent or more of | | | | | elastomeric yarn or | | | | | rubber thread, other | | | | | than those of heading | | | | | 60.01. | | | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60049000 | Other | Restricted | However, import is 'Free' if CIF | | | | | value is 3.5 US Dollar and above per | | | | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60053600 | Of synthetic fibres : -- | Restricted | However, import is 'Free' if CIF | | | Other, unbleached or | | value is 3.5 US Dollar and above per | | | bleached | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60053790 | Other | Restricted | However, import is โ€˜Free' if CIF | | | | | value is 3.5 US Dollar and above per | | | | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60053900 | Of | Restricted | However, import is 'Free' if CIF | | | synthetic fibres : -- | | value is 3.5 US Dollar and above per | | | Other, printed | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60062200 | Of cotton : -- | Restricted | However, import is 'Free' if CIF | | | Dyed | | value is 3.5 US Dollar and above per | | | | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ | 60064200 | Of artificial fibres: -- | Restricted | However, import is 'Free' if CIF | | | Dyed | | value is 3.5 US Dollar and above per | | | | | Kilogram | +-----------+-------------------------------------------------+---------------------+-----------------------------------------------+ 2. Minimum Import Price (MIP) condition on above items shall not be applicable for imports by Advance Authorisation holders, Export Oriented Units (EOUs) and units in the SEZ subject to the condition that the imported inputs are not sold into Domestic Tariff Area (DTA). Effect of the Notification : Import of Synthetic Knitted Fabrics under ITC(HS) 60063100, 60063200, 60063300, 60063400, 60069000, 60019200, 60041000, 60049000, 60053600, 60053790, 60062200 and 60064200 is "Restricted". However, import is โ€˜Free' if CIF value is 3.5 US Dollar and above per Kilogram. Further, inputs imported by Advance Authorisation holders, EOUs and SEZ shall be exempted from MIP condition. This is issued with the approval of Minister of Commerce & Industry. [F.No. 01/89/180/Misc-39/AM-05/PC-2[A]/E-1425] SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex- officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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