New import policy for marble and travertine blocks
The Dollar Business Bureau The Department of Commerce and the Customs department of India have via notification no- 49/2016-CUSTOMS dated 16th September 2016, notified of the new import policy for Marble & Travertine Blocks and Marble and Granite slabs that will come into effect from 1st October 2016. According to the new notification, the following changes have been made to the import licensing system for marble and travertine blocks. Rough Marble and Travertine Blocks: The Quantitative Restriction on the import of Rough Marble & Travertine Blocks, and the associated cumbersome administrative functions of the import licensing system has been brought to an end under the new policy coming into effect from 1st October 2016. The Minimum Import Price (MIP) for import of ...
European Union challenges India on marble import restrictions at World Trade Organisation
The Dollar Business Bureau | @TheDollarBiz A marble quarry site in Carrara, Italy The European Union (EU) has challenged India on the issue of import restrictions on marbles and marble products at the World Trade Organisation (WTO), after the European Commission (EC) received complaints about it from the marble stone industry in Europe. According to the European Commission, the licensing system in place in India restricts the supply of imported marble to domestic users in India. The Commission claims that it has received complaints from its industry that India's current licensing regime for marbles contains restrictions which include an annual import quota below the level of potential imports and a minimum import price. “Such measures not only hit the EU marble ...
