Page 19 - Craftcil Jan 2025

impex

vi. Nothing shall confer any legal right whatsoever on any person to seek reasons for his views, comments, opinions
or feedback, not being incorporated in the Foreign Trade Policy thereof.
3. This is issued in the public interest.
Effect of this Notification: Para 1.07 of Foreign Trade Policy 2023 is amended by inserting Para 1.07A and Para 1.07B to
introduce trade facilitation measures with an option available to the Central Government for consultation with relevant
stakeholders such as exporters/importers/industry experts to seek their views, suggestions, comments or feedback
and also providing the mechanism on best endeavour basis, to inform reasons for not accepting views, suggestions,
comments or feedback concerning the formulation or amendment of the Foreign Trade Policy.

Impex # 2 Amendment in Import Policy and introduction of MIP for Synthetic Knitted Fabrics
covered under Chapter 60

DGFT amended the Import policy on various Synthetic Knitted Fabrics covered under chapter 60 which are "Restricted".
However, Now Import is "Free" if CIF Value us at least USD 3.5 or above per KG.
Import by Advance Authorisation Holders, EOUs and SEZ are exempted from MIP condition.

Copy of Notification No. 49/2024-25-DGFT | 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. 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: - 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 Restricted However, import is 'Free' if CIF value is
colours 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 Restricted However, import is 'Free' if CIF value is
exceeding 30 cm, containing by weight 5 3.5 US Dollar and above per Kilogram
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

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