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Core Purpose

Extends the Minimum Import Price condition for specific synthetic knitted fabrics under ITC (HS) Chapter 60 until March 31, 2026.

Detailed Summary

This notification, issued by the Directorate General of Foreign Trade under the Ministry of Commerce and Industry, extends the application of the Minimum Import Price (MIP) condition on certain synthetic knitted fabrics. Specifically, ITC (HS) codes 60019200, 60053600, 60053790, and 60053900, covered under Chapter 60 of the ITC (HS), 2022, remain under a 'Restricted' import policy. However, import of these items is permitted freely ('Free') if the CIF value is 3.5 US Dollars or above per kilogram. The MIP condition, previously notified, is extended until March 31, 2026. Furthermore, imports by holders of Advance Authorisations, Export Oriented Units (EOUs), and units in Special Economic Zones (SEZs) are exempted from this MIP condition, provided the imported inputs are not sold into the Domestic Tariff Area (DTA). This notification is issued in exercise of powers conferred by the Foreign Trade (Development & Regulation) Act, 1992, read with the Foreign Trade Policy (FTP), 2023.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-24042025-262645 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1806] NEW DELHI, WEDNESDAY, APRIL 23, 2025/VAISAKHA 3, 1947 2705 GI/2025 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 23rd April, 2025 No. 05/2025-26 Subject: Amendment in Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the ITC (HS), 2022-reg. S.O. 1839(E).β€”In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy(FTP), 2023, as amended from time to time, and in partial modification to Notification No. 77/2023 dated 16.03.2024, No. 33/2024-25 dated 01.10.2024 and No. 49/2024-25 dated 04.01.2025, the Central Government hereby extends the condition of Minimum Import Price (MIP) on the following 04 ITC (HS) codes of Synthetic Knitted Fabrics upto 31.03.2026 as under: +-----------+-----------------------------------------+------------+-----------------------------------------------+ | ITC(HS) | Item Description | Import | Policy condition | | Code | | Policy | | +===========+=========================================+============+===============================================+ | 60019200 | - Other : Of man-made fibres | Restricted | However, import is 'Free' if CIF value is 3.5 | | | | | US Dollar and above per Kilogram | +-----------+-----------------------------------------+------------+-----------------------------------------------+ | 60053600 | Of synthetic fibres : Other, unbleached | Restricted | However, import is 'Free' if CIF value is 3.5 | | | or bleached | | US Dollar and above per Kilogram | +-----------+-----------------------------------------+------------+-----------------------------------------------+ | 60053790 | Other | Restricted | However, import is 'Free' if CIF value is 3.5 | | | | | US Dollar and above per Kilogram | +-----------+-----------------------------------------+------------+-----------------------------------------------+ | 60053900 | Of synthetic fibres : Other, printed | Restricted | However, import is 'Free' if CIF value is 3.5 | | | | | US Dollar and above per Kilogram | +-----------+-----------------------------------------+------------+-----------------------------------------------+ 2. 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) Codes 60019200, 60053600, 60053790 and 60053900, is "Restricted". However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram. Further inputs imported by Advance Authorisation holders, Export Oriented Units (EOUs) and units in the 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] AJAY BHADOO, Director General of Foreign Trade & Ex- officio Addl. Secy.

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