Notification No. 35 (RE-98) adds import guidelines for prime steel items with minimum c.i.f. values under the ITC(HS) Classification, 1997-2002.
The existing threshold limit followed by the exchanges for purpose of levying margins would be reduced to Rs. One crore for the purposes Gross Exposure and Rs.50 lakhs for Net Exposure. There would not be any change for exchanges where these limits are already less than the limits mentioned above i.e. Rs. One crores and Rs.50 lakhs respectively.
