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Core Purpose

Notification under Section 3 read with Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 imposing a Minimum Import Price of USD 3.50 per kilogram on five specified synthetic knitted fabric ITC(HS) codes under Chapter 60, effective until 15th September 2024.

Detailed Summary

This notification (Notification No. 77/2023, S.O. 1435(E), dated 16th March 2024), issued by the Ministry of Commerce and Industry, Department of Commerce, Directorate General of Foreign Trade (DGFT), and titled 'Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 15th September 2024,' revises, under Section 3 read with Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 and paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2023, the import policy for five ITC(HS) codes under Chapter 60 of ITC(HS) 2022, Schedule-I (Import Policy) - 60063100 (unbleached/bleached synthetic fibre fabric), 60063200 (dyed), 60063300 (of yarns of different colours), 60063400 (printed) and 60069000 (other) - changing their import policy from 'Free' to 'Prohibited, except that import remains Free where the CIF value is USD 3.5 or more per kilogram,' effective for the period up to 15th September 2024, after which the prior 'Free' import policy resumes unless separately amended; the notification states it imposes a Minimum Import Price of USD 3.50 per kilogram on the five specified codes and was issued with the approval of the Minister of Commerce & Industry; signed by Santosh Kumar Sarangi, Director General of Foreign Trade and Ex-officio Additional Secretary, under File No. 01/89/180/Misc-39/AM-05/PC-2[A]/E-1425.

Full Text

2047 GI/202 4 (1) EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY ubZ fnYYkh] 16 ekpZ] 2024 .—le;≤ ij ;Fkk la'kksfèkr fons'k O;kikj uhfr] 2023 ds iSjkxzkQ 1 -02 vkSj 2 -01 ds lkFk ifBr fons”k O;kikj ¼fodkl ,oa fofue; ½ vfèkfu;e] 1992 dh èkkjk 5 ds lkFk ifBr èkkjk 3 }kjk çnÙk 'kfä;ksa dk ç;ksx djrs gq,]] dsaæ ljdkj ,rn~}kjk 15 flracj 2024 rd dh vofèk ds fy, vkÃVhlh ¼,p,l½ 2022 dh vuqlwph& I ¼vk;kr uhfr½ ds vè;k; 60 ds rgr fuEufyf[kr vkÃVhlh ¼,p,l½ dksM dh vk;kr uhfr vkSj vk;kr uhfr xr “krZ dks fuEukuqlkj la'kksfèkr djrh gS S% 60063100 &—f=e js'kksa dk%&&fcuk ç{kkfyr ;k ç{kkfyr eqDr fuf"k) - rFkkfi] ;fn lhvkÃ,Q ewY; 3 -5 vesfjdh M‚yj vkSj blls vf/kd izfr fdyksxzke gS rks vk;kr * eqDr* gS 60063200 &—f=e js'kksa dk % &&jaxk gqvk eqDr fuf"k) - rFkkfi] ;fn lhvkÃ,Q ewY; 3 -5 vesfjdh M‚yj vkSj blls vf/kd izfr No. 1369] NEW DELHI, SATURDAY , MARCH 1 6, 2024 /PHALGUNA 26, 1945 CG-DL-E-16032024-253165 60063300 &—f=e js'kksa dk % && fofHkUu jaxksa ds èkkxksa dk eqDr fuf"k) - rFkkfi] ;fn lhvkÃ,Q ewY; 3 -5 vesfjdh M‚yj vkSj blls vf/kd izfr fdyksxzke gS rks vk;kr * eqDr* gS 60063400 &—f=e js'kksa dk%&eqfær eqDr fuf"k) - rFkkfi] ;fn lhvkÃ,Q ewY; 3 -5 vesfjdh M‚yj vkSj blls vf/kd izfr fdyksxzke gS rks vk;kr * eqDr* gS 60069000 && vU; eqDr fuf"k) - rFkkfi] ;fn lhvkÃ,Q ewY; 3 -5 vesfjdh M‚yj vkSj blls vf/kd izfr fdyksxzke gS rks vk;kr * eqDr* gS ekStwnk *eqä* vk;kr uhfr] tSlk fd bl vfèklwpuk ds tkjh gksus ls igys gS] 16 flracj 2024 ls çHkkoh gksxh] tc rd fd ckn dh vfèklwpuk }kjk Li"V :i ls la'kksfèkr u fd;k tk,A 3-50 vesfjdh M‚yj çfr fdyksxzke dk U;wure vk;kr ewY; 15 flracj 2024 rd dh vofèk ds fy, ¼5½ fof'k"V ÇlFksfVd cquk gqvk diM+k vkÃVhlh ¼,p,l½ dksM ij yxk;k x;k gSA ekStwnk ÞeqäÞ vk;kr uhfr] tSlk fd bls tkjh djus ls igys gS vfèklwpuk] 16 flracj 2024 ls çHkkoh gksxh] tc rd fd ckn dh vfèklwpuk }kjk Li"V :i ls la'kksfèkr u fd;k tk,A bls okf.kT; ,oa m|ksx ea=h ds vuqeksnu ls tkjh fd;k tkrk gSA [Qk- la- 01@89@180@ fofo/k&39@,,e&05@ihlh&2 [d]@bZ&1425] larks"k dqekj lkjaxh ] egkfuns'kd] fons'k O;kikj ,oa insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce ) (DIRECTORATE GENERAL OF FOREIGN TRADE ) NOTIFICATION New Delhi, the 16th March , 2024 No. 77/2023 Subject: Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 15th September 2024 –reg. S.O. 1435(E).—In exercise of powers conferred by Section 3 read with 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, the Central Government hereby revises the Import Policy and Import Policy Condition of the following ITC(HS) Codes under Chapter 60 of ITC (HS) 2022, Schedule –I(Import Policy), for the period up to 15th September 2024 as under: \ ITC(HS) Code Item Description Import Policy Revised Import Policy Existing Policy condition Revised Policy condition 60063100 -Of synthetic fibres : -- Unbleached or bleached Free Prohibited - However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram 60063200 -Of synthetic fibres : -- Dyed Free Prohibited - However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram 60063300 -Of synthetic fibres : -- Of yarns of different colours Free Prohibited - However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram 60063400 -Of synthetic fibres : -- Printed Free Prohibited - However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram 60069000 -- Other Free Prohibited - However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram 2. The existing ‘Free’ Import Policy, as it stands prior to the issuance of this Notification, shall be in effect starting from 16th September 2024, unless expressly amended by subsequent notification. Effect of the Notification: Minimum Import Price of US Dollar 3.5 0 per Kilo gram is imposed on (5) specific Synthetic Knitted Fabric ITC(HS) Codes for the period up to 15th September 2024. The existing ‘Free’ Import Policy, as it stands prior to the issuance of this Notification, shall be in effect starting from 16th September 2024, unless expressly amended by subsequent notification. 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. Sec y. Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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