Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 31st December 2024 - 33/2024-25 - Foreign Trade Policy

Government of India Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Notification No. 33/2024-25 New Delhi, 01st October, 2024 Subject: Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 31st December 2024-reg. 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 , the Central Government hereby extends the condition of Minimum Import Price (MIP) on the following 5 ITC (HS) Codes of Synthetic Knitted Fabrics from 15th September, 2024 to 31st December 2024 as under : ITC(HS) Code Item Description Existing 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. All other terms and conditions in the Notification No. 77/2023 dated 16.03.2024 shall remain unchanged. 3. In addition to the above, the Central Government hereby revises the Import Policy Condition of the following ITC (HS) Codes under Chapter 60 of ITC(HS) 2022 . Schedule-I (Import Policy) , for the period upto 31st December. 2024, with immediate effect: ITC(HS) Code Item Description Existing Import Policy Revised Import Policy Existing Policy Condition Revised Policy Condition 60019200 - Other : -- Of man-made fibres Free Prohibited - 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. Free Prohibited - However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram 60049000 - Other Free Prohibited - However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram 60053600 - Of synthetic fibres : -- Other, unbleached or bleached Free Prohibited - However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram 60053790 --- Other Free Prohibited - However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram 60053900 - Of synthetic fibres : -- Other, printed Free Prohibited - However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram 60062200 - Of cotton : -- Dyed Free Prohibited - However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram 60064200 - Of artificial fibres: -- Dyed Free Prohibited - However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram Effect of the Notification: Minimum Import Price (MIP) on Synthetic Knitted Fabrics is extended from 15th September 2024 to 31st December 2024. Further, MIP of US Dollar 3.50 per Kilogram on CIF Value has also been imposed on 08 new ITC (HS) Codes of various kinds of Knitted fabrics for the period up to 31st December, 2024. This is issued with the approval of Minister of Commerce Industry. (Santosh Kumar Sarangi) Director General of Foreign Trade Ex-officio Additional Secretary to the Government of India Email: [email protected] [Issued from F.No. 01/89/180/Misc-39/AM-05/PC-2[A]/E-1425]