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Date: 06-Jan-2025 Category: Extra Ordinary State: Union Government Country: India

Amendment in Import Policy and Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the ITC (HS), 2022

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

What it means

  • This gazette notification extends the Minimum Import Price (MIP) condition on 13 specified ITC (HS) codes of synthetic knitted fabrics.
  • The extension is effective from January 1, 2025, to March 31, 2025.
  • Import of these fabrics is restricted, but it is considered 'Free' if the Cost, Insurance, and Freight (CIF) value is USD 3.5 or more per kilogram.
  • Imports by Advance Authorisation holders, Export Oriented Units (EOUs), and units in Special Economic Zones (SEZs) are exempt from the MIP condition, provided that the imported inputs are not sold in the Domestic Tariff Area (DTA).

Key Changes

  • The notification extends the existing Minimum Import Price (MIP) condition on 13 specific ITC (HS) codes for synthetic knitted fabrics.
  • The MIP condition is extended from January 1, 2025, to March 31, 2025.
  • The specified ITC (HS) codes are: 60063100, 60063200, 60063300, 60063400, 60069000, 60019200, 60041000, 60049000, 60053600, 60053790, 60053900, 60062200, and 60064200.
  • The minimum CIF value for these fabrics to be imported without restriction is USD 3.5 per kilogram.
  • Advance Authorisation holders, EOUs, and SEZ units are exempt from the MIP condition if the imported inputs are not sold in the DTA.

Impact Analysis

Importers of Synthetic Knitted Fabrics

  • Importers should review their supply chain and pricing strategies to align with the new regulation.

Domestic Manufacturers of Synthetic Knitted Fabrics

  • Domestic manufacturers may need to monitor import trends and adjust their production and pricing strategies accordingly.

Advance Authorisation Holders, EOUs, and SEZ Units

  • These entities should review their import and export processes to ensure compliance with the exemption criteria.

Consumers

  • The impact on consumers will depend on the extent to which the increased import costs are passed on by manufacturers and retailers.

Key Entities Referenced

Central Government: The issuing authority of the gazette notification, responsible for setting trade policies and regulations. Foreign Trade (Development and Regulation) Act, 1992: The primary legislation under which the powers to issue this notification are derived. Foreign Trade Policy, 2023: The overarching policy framework that guides India's foreign trade, which this notification aligns with. Directorate General of Foreign Trade (DGFT): The government body responsible for implementing and enforcing foreign trade policies, as indicated by the notification's issuer. ITC (HS) Codes: The Harmonized System codes used to classify the synthetic knitted fabrics subject to the MIP condition. Advance Authorisation holders: Entities holding advance authorizations for duty-free import of inputs for export production. Export Oriented Units (EOUs): Units that are primarily engaged in the manufacturing of goods for export. Special Economic Zones (SEZs): Designated areas with special economic regulations to promote exports and investments. Domestic Tariff Area (DTA): The area within a country that is not part of a special economic zone or free trade zone.
Official Source Record View Original Source →
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रिज(cid:7021)(cid:7069)ी स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 x सी.जी.-डी.एल.-अ.-08012025-259985 CG-DL-E-08012025-259985 xxxGIDHxxx xxxGIDExxx असाधारण EXTRAORDINARY भाग II—ख(cid:7003) ड 3—उप-ख(cid:7003)ड (ii) PART II—Section 3—Sub-section (ii) (cid:7079)ािधकार से (cid:7079)कािशत PUBLISHED BY AUTHORITY सं. 95] नई (cid:7408)द(cid:7016)ली, सोमवार, जनवरी 6, 2025/पौष 16, 1946 No. 95] NEW DELHI, MONDAY, JANUARY 6, 2025/PAUSHA 16, 1946 ( ) ( ) का.आ. 97(अ).—le;&le; ij ;Fkk la'kksfèkr] fons'k O;kikj uhfr 2023 ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr fon's k O;kikj ¼fodkl ,oa fofu;eu½ vfèkfu;e] 1992 dh èkkjk 3 vkSj èkkjk 5 ds rgr iznÙk 'kfä;ksa dk ç;ksx djr s gq, vkSj vf/klwpuk la- 77@2023 fnukad 16-03-2024 vkSj vfèklwpuk la[;k 33@2024&25 fnukad 01-10-2024 esa vkaf'kd la'kksèku djrs gq,] dsUæ ljdkj ,rn~}kjk ÇlFksfVd cqus gq, diM+ksa ds fuEufyf[kr 13 vkÃVhlh ¼,p,l½ dksMksa ij U;wure vk;kr ewY; ¼,evkÃih½ dh 'krZ dks 01-01- 2025 ls 31-03-2025 rd fuEukuqlkj c<+krh gS% संशोिधत 60063100 -ÇlFksfVd /kkxksa ds :-- izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn 146 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] Cyhp ugha fd, x, ;k lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj Cyhp fd, x, izfr fdxzk vkSj blls vf/kd gks 60063200 -ÇlFksfVd /kkxksa ds :-- MkbZ izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn fd, gq, lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks 60063300 -ÇlFksfVd /kkxksa ds :-- izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn fofHkUu jaxks ds /kkxkas ds lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks 60063400 -ÇlFksfVd /kkxksa ds :-- izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn eqfnzr lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks 60069000 -- vU; izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks 60019200 -vU; :-- ekuo fufeZr izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn /kkxksa ds lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks 60041000 cqu s gq, ;k dksf”k, ls cus izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn gq, diM+s ftldh pkSM+kbZ lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks 30 lseh ls vf/kd gks] ftlesa 5 izfr”kr ;k blls vf/kd bYLVªksesfjd /kkxksa vFkok jcM+ ds /kkxksa] “kh’kZd 60-01 ds vykok dk Hkkj fufgr gks 60049000 -vU; izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks 60053600 -ÇlFksfVd /kkxksa ds :-- izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn vU;] Cyhp ugha fd, x, lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks ;k Cyhp fd, x, 60053790 ---vU; izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks 60053900 -ÇlFksfVd /kkxksa ds :-- izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn vU;] eqfnzr lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks 60062200 -dikl ds :-- MkbZ fd, izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn gq, lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks 60064200 -—f=e /kkxksa ds :-- MkbZ izfrcaf/kr rFkkfi] vk;kr ^eqDr* gS ;fn fd, gq, lhvkbZ,Q ewY; 3-5 vesfjdh MkWyj izfr fdxzk vkSj blls vf/kd gks[भाग II—ख(cid:7003) ड 3(ii)] भारत का राजप(cid:7074) : असाधारण 3 2- mijksDr enksa ij U;uw re vk;kr ewY; ¼,evkÃih½ “krZ vfxze izkf/kdkj&i= /kkjdksa] fu;kZr mUeq[k bdkb;ksa ¼bZvks;w½ vkSj ,lbZtsM bdkb;ksa }kjk vk;kr gsrq ykxw ugha gksxk] c”krZs fd vk;kfrr fufof’V;ka ?kjsyw iz”kqYd {ks= ¼MhVh,½ esas ugha csph tkrh gSaA vkÃVhlh ¼,p,l½ 60063100] 60063200] 60063300] 60063400] 60069000 60019200] 60041000] 60049000] 60053600] 60053790] 60053900] 60062200 vkSj 60064200 ds varxZr ÇlFksfVd cqus gq, diM+ksa dk vk;kr ÞçfrcafèkrÞ gSA rFkkfi] ;fn lhvkÃ,Q ewY; 3-5 vesfjdh M‚yj çfr fdyksxzke vkSj ls vfèkd gS rks vk;kr *eqDr* gSA blds vykok vfxze izkf/kdkj&i= /kkjdksa] bZvks;w vkSj ,lbZtsM ls vk;kfrr fufof’V;ka U;uw re vk;kr ewY; “krZ ls NwV izkIr gksxhA bls okf.kT; ,oa m|ksx ea=h ds vuqeksnu ls tkjh fd;k tkrk gSA [ [ ] ] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (Directorate General of Foreign Trade) NOTIFICATION New Delhi,the 4th January, 2025 No. 49/2024-25 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. 97(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) Item Description Revised Policy condition Code Import Policy 60063100 -Of synthetic fibres : -- Restricted However, import is ‘Free’ if CIF Unbleached or bleached value is 3.5 US Dollar and above per Kilogram 60063200 -Of synthetic fibres : -- Restricted However, import is ‘Free’ if CIF Dyed value is 3.5 US Dollar and above per Kilogram4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 60063300 -Of synthetic fibres : -- Restricted However, import is ‘Free’ if CIF Of yarns of different value is 3.5 US Dollar and above per colours Kilogram 60063400 -Of synthetic fibres : -- Restricted However, import is ‘Free’ if CIF Printed 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- Restricted However, import is ‘Free’ if CIF made fibres value is 3.5 US Dollar and above per Kilogram 60041000 Knitted or crocheted Restricted However, import is ‘Free’ if CIF fabrics of a width value is 3.5 US Dollar and above per exceeding 30 cm, Kilogram containing by weight 5 percent or more of elastomeric yarn or rubber thread, other than those of heading 60.01. 60049000 - Other Restricted However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram 60053600 - Of synthetic fibres : -- Restricted However, import is ‘Free’ if CIF Other, unbleached or value is 3.5 US Dollar and above per bleached Kilogram 60053790 --- Other Restricted However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram 60053900 - Of Restricted However, import is ‘Free’ if CIF synthetic fibres : -- value is 3.5 US Dollar and above per Other, printed Kilogram 60062200 - Of cotton : Restricted However, import is ‘Free’ if CIF -- Dyed value is 3.5 US Dollar and above per Kilogram 60064200 - Of artificial fibres: -- Restricted However, import is ‘Free’ if CIF Dyed 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).[भाग II—ख(cid:7003) ड 3(ii)] भारत का राजप(cid:7074) : असाधारण 5 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. [F.No. 01/89/180/Misc-39/AM-05/PC-2[A]/E-1425] SANTOSH KUMAR SARANGI,Director General of Foreign Trade & Ex- officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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