Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 15th September 2024 - 77/2023 - Foreign Trade Policy

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION NO. 77/2023 New Delhi, the 16th March, 2024 Subject: Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 15th September 2024 reg. S.O. 1435(E). In exercise of powers conferred by Section 3 read with 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, the Central Government hereby revises the Import Policy and Import Policy Condition of the following ITC(HS) Codes under Chapter 60 of ITC (HS) 2022, Schedule I(Import Policy) , for the period up to 15th September 2024 as under: ITC(HS) Code Item Description Import Policy Revised Import Policy Existing Policy condition Revised Policy condition 60063100 -Of synthetic fibres : -- Unbleached or bleached Free Prohibited - However, import is Free if CIF value is 3.5 US Dollar and above per Kilogram 60063200 -Of synthetic fibres : -- Dyed Free Prohibited - 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 Free Prohibited - However, import is Free if CIF value is 3.5 US Dollar and above per Kilogram 60063400 -Of synthetic fibres : -- Printed Free Prohibited - However, import is Free if CIF value is 3.5 US Dollar and above per Kilogram 60069000 -- Other Free Prohibited - However, import is Free if CIF value is 3.5 US Dollar and above per Kilogram 2. The existing Free Import Policy, as it stands prior to the issuance of this Notification, shall be in effect starting from 16th September 2024, unless expressly amended by subsequent notification. Effect of the Notification: Minimum Import Price of US Dollar 3.50 per Kilogram is imposed on (5) specific Synthetic Knitted Fabric ITC(HS) Codes for the period up to 15th September 2024. The existing Free Import Policy, as it stands prior to the issuance of this Notification, shall be in effect starting from 16th September 2024, unless expressly amended by subsequent notification. This is issued with the approval of Minister of Commerce Industry. SANTOSH KUMAR SARANGI, Director General of Foreign Trade Ex- officio Addl. Secy. [F. No. 01/89/180/Misc-39/AM-05/PC-2[A]/E-1425]