Amendment in Import Policy and Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the ITC (HS), 2022 - 49/2024-25 - Foreign Trade Policy

Ministry of Commerce Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Notification No. 49/2024-25 New Delhi, 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- reg. S.O. (E) - 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 and Notification No. 33/2024-25 dated 01.10.2024 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 31.03.2025 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' if CIF value is 3.5 US Dollar and above per Kilogram 60069000 -- Other Restricted However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram 60019200 - 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 30 cm, 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). Effect of the Notification : Import of Synthetic Knitted Fabrics under ITC(HS) 60063100 , 60063200 , 60063300 , 60063400 , 60069000 , 60019200 , 60041000 , 60049000 , 60053600 , 60053790 , 60062200 and 60064200 is Restricted . However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram. Further, inputs imported by Advance Authorisation holders, EOUs and SEZ shall be exempted from MIP condition. This is issued with the approval of Minister of Commerce Industry. (Santosh Kumar Sarangi) Director General of Foreign Trade Ex-Officio Additional Secretary, Government of India E-mail: [email protected] [F.No. 01/89/180/Misc-39/AM-05/PC-2[A]/E-1425]