Marble and Granite Import Shifted to Free List from License Control

· MIP of $200 for Rough Marble and Travertine

· Granite Slab MIP Cut to $50 from $80 per sqm

· Finished Marble Slabs MIP Cut to $40 from $60 per sqm

· Import Licence to Marble Units Dispensed with

· Sri Lanka, Bangladesh and Nepal to Gain Duty Preferential of 20% on Finished Goods under FTA

[DGFT Notification No. 27 dated 17^th September 2016]

Effect of this Notification: The import of items under the ITC (HS) Codes specified above is permitted freely w.e.f. 1.10.2016 provided cif value is US$ 200 or above per MT.

Subject: Import policy of Rough Marble and Travertine Blocks

In exercise of the powers conferred by Section 3 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the Import Policy Condition of Schedule-I (Import Policy) in respect of ITC(HS) Codes 25151100, 25151210 and 25151290 w.e.f. 1.10.2016.

2. With regard to ITC(HS) Codes 25151100, 25151210 and 25151290 indicated in Schedule-I (Imports) of ITC(HS) Classifications of Export and Import Items, as per the provisions contained therein, import of Marble and Travertine- Crude or Roughly trimmed and merely cut, by sawing or otherwise, into blocks of a rectangular (including square) shape is restricted and subject to import licensing procedures as per Notification No. 99 dated 20.11.2014.

3. The above policy is hereby amended, such that after amendment w.e.f. 1.10.2016, the amended policy conditions against the above mentioned ITC (HS) Codes shall read as under:

"Import permitted freely provided cif value is US$ 200 or above per MT."

[DGFT Notification No. 28 dated 17^th September 2016]

Effect of this Notification: The import of items under the ITC(HS) Codes specified above related to marble slabs is permitted freely provided cif value is US $ 40 or above per square metre (for maximum thickness of slab of 20 mm) w.e.f. 1.10.2016.

Subject: Import policy of Worked monumental or building stone (except slate) and articles thereof, other than goods of heading 6801; mosaic cubes and the like, of natural stone (including slate), whether or not on a backing; artificially coloured granules, chippings and powder, of natural stone (including slate)

In exercise of the powers conferred by Section 3 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the Import Policy Condition of Schedule-I (Import Policy) in respect of following ITC(HS) Codes related to marble slabs w.e.f. 1.10.2016:

6802 10 00, 6802 21 10, 6802 21 20, 680221 90, 6802 91 00, 6802 9200 and 25151220.

2. Policy conditions stipulated under Notification No 100 dated 05.12.2014 are being amended, such that after amendment w.e.f. 1.10.2016, the policy conditions in respect of the above ITC (HS) Codes shall read as under:

"Import permitted freely provided cif value is US$ 40 or above per square metre (for maximum thickness of slab of 20 mm)".

[DGFT Notification No. 29 dated 17^th September 2016]

Subject: Import policy of Worked monumental or building stone (except slate) and articles thereof, other than goods of heading 6801; mosaic cubes and the like, of natural stone (including slate), whether or not on a backing; artificially coloured granules, chippings and powder, of natural stone (including slate)

In exercise of the powers conferred by Section 3 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the Import Policy Condition of Schedule-I (Import Policy) stipulated under Notification No 38 dated 26.08.2013 in respect of ITC(HS) Codes 68022310, 68022390, 68022900 and 68029300 related to granite slabs w.e.f. 1.10.2016.

2. The above policy is hereby amended, such that after amendment w.e.f. 1.10.2016, the policy conditions in respect of the above ITC (HS) Codes shall read as under:

“Import permitted freely provided cif value is US $ 50 or above per square metre (for maximum thickness of slab of 20 mm)."

Effect of this Notification: The import of items under the ITC(HS) Codes specified above related to granite slabs is permitted freely provided cif value is US $ 50 or above per square metre (for maximum thickness of slab of 20 mm) w.e.f. 1.10.2016.