Import restrictions on Rough Marble and Travertine Blocks for FY 2014-15

Dated November 20, 2014 | Notification no. 99 (RE-2013)/2009-2014 | Sub: Policy for issue of import licenses of Rough Marble and Travertine Blocks for the Financial year 2014-15. S.O. (E) In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 as amended, read with paragraph 2.1 of the Foreign Trade Policy, 2009-14, the Central Government hereby makes the following amendments in Schedule-I (Imports) to the ITC (HS) Classifications of Export and Import Items: 2. Import Licensing Note No. (2) inserted at the end of Chapter 25, will be amended to read as : “Import of rough marble blocks will be subject to conditions laid down in Notification No. 99 dated 20th November 2014.” 3. Conditions for import of marble. (A) The following Policy provisions will be applicable for import of Rough Marble Blocks and Travertine for the financial year 2014-15. This will supersede earlier Policy /Guidelines for issue of import licenses of Rough Marble Blocks. (B) Attention is invited to ITC HS Codes 25151100 and 25151210 indicated in Schedule-1 (Imports) of ITC (HS) Classifications of Export and Import Items. As per the provisions contained therein, import of Marble and Travertine– Crude or Roughly trimmed and merely cut, by sawing or otherwise, into blocks of a rectangular (including square) shape is restricted and subject to import licensing procedures. (C) The applications for import license for import of rough marble blocks and travertine under the above mentioned ITC HS Codes will be considered in the following manner: - I. Eligibility of the units will be decided based on the following four criteria: (a) Units who have installed marble gangsaw machine (except 100% EOUs and units in SEZ) on or prior to 31.3.2014. The marble gangsaw machine shall be in the name of the applicant only. No gangsaw on “Lease Basis” shall be considered for the purpose of allocation of import entitlement. (b) The Units should have been in operation for 5 years on or prior to 31.3.2014. (c) All eligible units as per (a) above should have cumulative turnover of at least Rs 5 Crores (Rupees Five crores) during the 3 years period i.e. financial years 2011-12 to 2013-14 irrespective of whether it is from domestic or foreign sources in respect of processed marble slabs/tiles only. (d) The Unit should be registered with Central Excise Authorities on the date of filing application. II. Floor Price-Licenses for import of crude or roughly trimmed marble and travertine blocks or merely cut, by sawing or otherwise into blocks of a rectangular (including square) shape shall be subject to a floor price of US$ 325 per Metric Ton (MT), which shall be endorsed on all licenses. III. Entitlement: The total import of Rough Marble and Travertine blocks under ITC HS Codes 25151100 and 25151210 will be subject to a ceiling of 8 lakh MT for the whole of the licensing year, 2014-15. Eligible units will be entitled for an import license on the basis of cumulative turnover ( indigenous or foreign) of at least Rupees 5 crores of processed marble slabs/tiles only, over the previous three financial years 2011-12 to 2013-14. The quantity so calculated will however be subject to a ceiling of 3500 MT per gangsaw, subject to overall availability. IV. Actual User Condition: All licenses shall be subject to actual user condition. Modalities for submitting hard copies of the applications is attached as Annexure 1 to this notification. V. Monthly Return License holders shall file monthly returns regarding imports made by them, to the concerned Regional Authority of DGFT by the 15th of each succeeding month in which license is obtained (for example if a license is obtained on 13th February, the license holder will file the first monthly return for imports made in February by 15th of March and for each month thereafter by the 15th of subsequent month). This is a mandatory requirement. VI. Validity of Import licences Licenses for Import of Marble and Travertine will have a validity upto 31st December 2015. 4. Effect of this notification: Import policy of Rough Marble and Travertine blocks for the year 2014-15 has been notified with a quota of 8 lakh MT and an MIP of US$ 325 per MT . (Issued from File No. 01/53/162/MISC/AM15/Marble-01/IC) Source: DGFT Original release

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Import restrictions on Rough Marble and Travertine Blocks for FY 2014-15

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