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The Central Government extends the Minimum Import Price condition and restricted import policy on thirteen ITC (HS) codes of synthetic knitted fabrics from 01.01.2025 to 31.03.2025. Importers must observe the Minimum Import Price condition unless the CIF value is 3.5 US Dollar and above per kilogram, which makes the import free. Advance Authorisation holders, Export Oriented Units, and units in the Special Economic Zone receive an exemption from the Minimum Import Price condition when the imported inputs are not sold into the Domestic Tariff Area.
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[To be published in the Gazette of India Extraordinary Part-II, Section- 3, Sub-Section (ii)]
Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan
Notification No. 49/2024-25 New Delhi, Dated: 4 January, 2025
Subject: Amendment in Import Policy and Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the ITC (HS), 2022– reg.
S.O.: 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) Code | Item Description | Revised Import Policy | Policy condition |
|---|---|---|---|
| 60063100 | -Of synthetic fibres : -- Unbleached or bleached | Restricted | However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram |
| 60063200 | -Of synthetic fibres : -- Dyed | Restricted | 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 | Restricted | However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram |
| 60063400 | -Of synthetic fibres : -- Printed | Restricted | However, import is 'Free' if CIF 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-made fibres | Restricted | 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 thread, other than those of heading 60.01. | Restricted | However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram |
| 60049000 | - Other | Restricted | However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram |
| 60053600 | - Of synthetic fibres : -- Other, unbleached or bleached | Restricted | However, import is 'Free' if CIF value is 3.5 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 |
| 60062200 | - Of cotton : -- Dyed | Restricted | However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram |
| 60064200 | - Of artificial fibres: - - Dyed | Restricted | However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram |
Effect of the Notification :
Import of Synthetic Knitted Fabrics under ITC(HS) 60063100, 60063200, 60063300, 60063400, 60069000, 60019200, 60041000, 60049000, 60053600, 60053790, 60053900, 60062200 and 60064200 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, EOUs and SEZ shall be exempted from MIP condition.
This is issued with the approval of Minister of Commerce & Industry.
[Image omitted. See the official document.] (Santosh Kumar Sarangi) Director General of Foreign Trade & Ex- officio Addl. Secretary to the Government of India E-mail: dgft@nic.in
(F.No. 01/89/180/Misc-39/AM-05/PC-2[A]/E-1425)
