Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 31st December 2024

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-18102024-258042 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 4177] NEW DELHI, WEDNESDAY, OCTOBER 16, 2024/ASVINA 24, 1946 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 1st October, 2024 No. 33/2024-25 Subject: Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 31st December 2024 – reg. S.O. 4541(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, the Central Government hereby extends the condition of Minimum Import Price (MIP) on the following 5 ITC (HS) Codes of Synthetic Knitted Fabrics from 15th September, 2024 to 31st December 2024 as under : +--------------+-------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | ITC(HS) Code | Item Description | Existing Import Policy | Revised Import Policy | Existing Policy Condition | Revised Policy Condition | +==============+=====================================+========================+=======================+===========================+==============================================================+ | 60063100 | -Of synthetic fibres : -- | Free | Prohibited | | However, import is 'Free' if | | | Unbleached or bleached | | | | CIF value is 3.5 US Dollar | | | | | | | and above per Kilogram | +--------------+-------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | 60063200 | -Of synthetic fibres : -- | Free | Prohibited | | However, import is 'Free' if | | | Dyed | | | | CIF value is 3.5 US Dollar | | | | | | | and above per Kilogram | +--------------+-------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | 60063300 | -Of synthetic fibres : -- | Free | Prohibited | | However, import is 'Free' if | | | Of yarns of different | | | | CIF value is 3.5 US Dollar | | | colours | | | | and above per Kilogram | +--------------+-------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | 60063400 | -Of synthetic fibres : -- | 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. All other terms and conditions in the Notification No. 77/2023 dated 16.03.2024 shall remain unchanged. 3. In addition to the above, the Central Government hereby revises the Import Policy Condition of the following ITC (HS) Codes under Chapter 60 of ITC(HS) 2022, Schedule-I (Import Policy), for the period upto 31st December, 2024, with immediate effect: +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | ITC(HS) Code | Item Description | Existing Import Policy | Revised Import Policy | Existing Policy Condition | Revised Policy Condition | +==============+=================================================================================================================================+========================+=======================+===========================+==============================================================+ | 60019200 | Other: -- Of man-made fibres | Free | Prohibited | | However, import is 'Free' if | | | | | | | CIF value is 3.5 US Dollar | | | | | | | and above per Kilogram | +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | 60041000 | Knitted or crocheted fabrics of a width exceeding 30 cm, containing by weight 5 percent or more of elastomeric yarn or rubber | Free | Prohibited | | However, import is 'Free' if | | | thread, other than those of heading 60.01. | | | | CIF value is 3.5 US Dollar | | | | | | | and above per Kilogram | +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | 60049000 | Other | Free | Prohibited | | However, import is 'Free' if | | | | | | | CIF value is 3.5 US Dollar | | | | | | | and above per Kilogram | +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | 60053600 | - Of synthetic fibres : -- Other, unbleached or bleached | Free | Prohibited | | However, import is 'Free' if | | | | | | | CIF value is 3.5 US Dollar | | | | | | | and above per Kilogram | +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | 60053790 | --- Other | Free | Prohibited | | However, import is 'Free' if | | | | | | | CIF value is 3.5 US Dollar | | | | | | | and above per Kilogram | +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | 60053900 | - Of synthetic fibres : -- Other, printed | Free | Prohibited | | However, import is 'Free' if | | | | | | | CIF value is 3.5 US Dollar | | | | | | | and above per Kilogram | +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | 60062200 | - Of cotton -- Dyed | Free | Prohibited | | However, import is 'Free' if | | | | | | | CIF value is 3.5 US Dollar | | | | | | | and above per Kilogram | +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ | 60064200 | - Of artificial fibres : -- Dyed | Free | Prohibited | | However, import is 'Free' if | | | | | | | CIF value is 3.5 US Dollar | | | | | | | and above per Kilogram | +--------------+---------------------------------------------------------------------------------------------------------------------------------+------------------------+-----------------------+---------------------------+--------------------------------------------------------------+ Effect of the Notification: Minimum Import Price (MIP) on Synthetic Knitted Fabrics is extended from 15th September 2024 to 31st December 2024. Further, MIP of US Dollar 3.50 per Kilogram on CIF Value has also been imposed on 08 new ITC (HS) Codes of various kinds of Knitted fabrics for the period up to 31st December, 2024. 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.