N 33/2024

[To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub-Section

(ii)]

|

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan Notification No. 33 /2024-25 New Delhi, Dated: 1° October, 2024

Subject: Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 31“ December 2024 —reg.

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 2.01 ofthe 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 15" September, 2024 to 31° December 2024 as under :

|ITC(HS) <br>Code|| Item Description|Existing]<br>Import|Revised<br>Import|Existing<br>Policy|Revised Policy<br>Condition|
|---|---|---|---|---|---|
|60063100||-Ofsynthetic fibres]<br>: -- Unbleached or<br>bleached|Policy<br>Free|Policy<br>Prohibited|Condition|However, import is<br>“Free” ifCIF value is<br>3.5 US Dollar and|
|60063200||-Ofsynthetic fibres]<br>: -- Dyed|Free|Prohibited||above per Kilogram<br>However. import is<br>‘Free’ ifCIF value is|
||||||3.5 US Dollar and|
|60063300||-Ofsynthetic fibres]<br>: -- Ofyarns of<br>different colours|Free|Prohibited||above per Kilogram<br>However, import is<br>Free’ ifCIF value is<br>3.5 US Dollarand|
|60063400||-Ofsynthetic fibres]<br>: -- Printed|Free|Prohibited||However, import is<br>“Free” ifCIF value is|
||||||3.5 US Dollar and|
|60069000|-- Other|Free|Prohibited||above per Kilogram<br>However, import is|
||||||“Free” ifCIF value is|
||||||3.5 US Dollar and|
||||||aboveperKilogram|

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 31°! December, 2024, with immediate effect:

ke

Of artificial fibres: -- Dyed

23:

Effect of the Notification:

Minimum Import Price (MIP) on Synthetic Knitted Fabrics is extended from 15" September 2024 to 31“ 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 31°! December, 2024.

This is issued with the approval of Minister of Commerce & Industry.

WA Director (Santosh Kumar Sarangi) ExGeneral of Foreign Trade & officio Addl. Secretary to the Government of India E-mail: dgft@nic.in

(Issued from F.No. 01/89/180/Misc-39/AM-05/PC-2[A J/E-1425)