MIP on 13 Synthetic Knitted Fibres in Ch. 60 Extended by Three More
Months to 31 Mar. 2025, Import below MIP Shifted from Prohibited to Restricted
Now
·
Total
13 Codes are in Restricted list with Free Import only for those above $3.5 per
kg
·
Advance
Authorisation, EOUs and SEZ Exempted from MIP Condition
The Minimum Import Price
(MIP) condition on 13 ITC(HS) codes of synthetic knitted fabrics is extended
from January 1, 2025, to March 31, 2025. Imports under these codes are
classified as “Restricted” but are allowed freely if the CIF (Cost, Insurance,
and Freight) value is at least 3.5 USD per kilogram.
[DGFT
Notification No. 49/2024-25 dated 4th January 2025]
Subject: Amendment in Import Policy
and Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter
60 of the ITC (HS), 2022.
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 2.0 1 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 0 1.10.2024 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 3
1.03.2025 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' i1 CIF value is 3.5 US Dollar and above per Kilogram |
|
60069000 |
-- Other |
Restricted |
However,
import is 'Free' i1 CIF value IS 3.5 US Dollar and
above per Kilogram |
|
600 19200 |
- 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 30em, 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 |
2. Minimum Import Price (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).
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)