Floor Value of $80 per sqm Imposed on Granite Import

[DGFT Notification No. 38 dated 26^th August 2013]

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 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendments in the Schedule 1 (Imports) of the ITC (HS) Classifications of Export and Import Items.

2. Existing policy conditions (prior to this amendment) as available at page 545-546, for the ITC HS Codes 68022310, 68022390, 68022900, and 68029300 of Chapter 68 of ITC(HS) Classifications of Export and Import Items are extracted below (earlier policy conditions) :

“Import permitted freely “

3. After amendment the entry would read as below (amended policy conditions):

“Import permitted freely provided cif value is US$ 80 & above per square metre.”

4. The effect of this Notification

Now the import of items under the ITC HS Codes specified above is permitted freely if cif value is US$ 80 and above per square meter.