| 2530 |
MINERAL SUBSTANCES NOT ELSEWHERE SPECIFIED OR INCLUDED |
| w.e.f. 1 May 2022- BCD against all tariff items of heading 2530, the entry substituted by “5%”
[Clause 98(b) of Finance Act 2022]
|
| IGST on All goods in this heading by SNo 137 in Sch I of Ntfn 01-IGST/28.06.2017
|
| ITC(HS)Policy Conditions of this Chapter |
| (1) Import is restricted in terms of Interim PIC Procedure of Rotterdam Convention on Prior Informed Consent procedure for hazardous chemicals and pesticides. |
| (2) Import of rough marble blocks will be subject to conditions laid down in Notification No.99 dated 20th November, 2014. [Substituted by 37-Ntfn(RE)/26.08.2013; 99-Ntfn(RE)/20.11.2014; 27-Ntfn/17.09.2016] |
| (3)Import of 10000 MT of marble under ITC (HS) Codes 2515 and 6802 shall be allowed annually from Bhutan without Minimum Import Price, with immediate effect subject to following:
i. Import permitted with a valid Registration Certificate issued by the DGFT.
ii. This shall operate on a financial year basis.
[As amended by Policy Condition No. 3 by DGFT Notification No.60-Ntfn/14.03.2023] |
| (4)Import permitted freely provided CIF value is US $ 40 or above per square meter (for maximum thickness slab of 200mm) |
| (4) Import of items under Exim Codes 2515 11 00, 2515 12 10, 2515 12 20, 2515 12 90 from Sri Lanka under the India-Sri Lanka Free Trade Agreement (ISFTA) is allowed only through the Port of Kolkata. [Omitted by Ntfn 16(RE)/26.09.2012- Marble import under ISFTA from All EDI Ports allowed] |
| In addition to this condition, import of these items shall, however, be subject to all the conditions applicable on imports under ISFTA and the imports can be made through any EDI Port. |
| “5. Facility for Indian companies who have invested in Mining abroad. |
| This will be subject to conditions laid down as under: |
| 5(a) Eligibility; |
| (i) Mining company where such investment is made must be a 100% subsidiary of the Indian company. |
| (ii) Minimum investment should be Rupees 10 crores as on 31.3.2013 and is subsisting. |
| (iii) Such investment should only be in plant and machinery. No plant and machinery on leased basis will be considered. |
| (iv) The overseas mining company should be operational and have the operating license in its own name. |
| (b) Quantity to be permitted; |
| (i) Only marble blocks produced from its own quarries overseas shall be allowed for import. |
| (ii) The total annual import quantity will be limited to 1 lakh MT. |
| (iii) The quantity to be allocated for import per applicant shall not exceed 30,000 MT or the total quantity of marble mined and sold from its overseas mines in the previous financial year, whichever is less. (Reference to financial year would be Indian financial year i.e 1st April 2012-31st March 2013) |
| (iv) If the quantity to be imported by the eligible applicants exceeds 1 lakh MT, then allocation will be on a pro rata basis. Distribution of pro rata allocation will be on the basis of total sale of quantity produced in the previous financial year from its mines overseas. Quantum of sale shall be certified by an independent Chartered Accountant and will be accompanied with annual accounts of foreign mines (subsidiary of Indian Company). |
| (c) Filing of Application; |
| Applications should reach DGFT(HQ) office at Udyog Bhavan, New Delhi before 5 pm on 5th September 2013. |
| (d) Floor Price; |
| Such imports shall be subject to a floor price of US$ 325 per Metric Tonne (MT) . |
| (e) ITC HS Codes; |
| Such imports shall be permissible under ITC HS Codes 25151100 and 25151210. |
| (f) Actual User Condition; |
| All authorisations shall be subject to actual user condition. |
| (g) Monthly Return; |
| Authorisation 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 authorisation is obtained (for example if a authorisation is obtained on 13th September, the authorisation holder will file monthly return by 15th of October and for each month thereafter). This is a mandatory requirement. |
| (h) Validity of Import authorisation; |
| Authorisation for Import of marble will have a validity of 12 months from date of issue. |
| 3. Effect of this notification |
| Import Policy for allocation of quota for import of Rough Marble Blocks by Indian companies investing abroad in marble mining has been notified with an annual quota of 1 lakh MT. |
| [Policy Condition (5) inserted by 20-Ntfn(RE)/09.10.2012 - One Lakh MT Marble Quota Allocation for Indian Companies Investing in Mining Abroad. |
| [Policy Condition (5) amended by 36-Ntfn(RE)/26.08.2013 – Marble Quota of 1 Lakh tonnes for Indian Companies Mining Abroad. |
