Imposition of Minimum Import Price on Synthetic Knitted Fabrics
Imposition of Minimum Import Price on Synthetic Knitted Fabrics up to 15th September 2024 – NOTIFICATION No. 77/2023
S.O. 1435(E).—In exercise of powers conferred by Section 3 read with 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, the Central Government hereby revises the Import Policy and Import Policy Condition of the following ITC(HS) Codes under Chapter 60 of ITC (HS) 2022, Schedule–I(Import Policy), for the period up to 15th September 2024 as under:
- The existing ‘Free’ Import Policy, as it stands prior to the issuance of this Notification, shall be in effect starting from 16th September 2024, unless expressly amended by subsequent notification.
Effect of the Notification: Minimum Import Price of US Dollar 3.50 per Kilogram is imposed on (5) specific Synthetic Knitted Fabric ITC(HS) Codes for the period up to 15th September 2024. The existing ‘Free’ Import Policy, as it stands prior to the issuance of this Notification, shall be in effect starting from 16th September 2024, unless expressly amended by subsequent notification.
This is issued with the approval of Minister of Commerce & Industry.
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