Directorate General of Foreign Trade (DGFT) has issued Notification No. 49/2024-25 dated January 4, 2025, announcing amendments to the import policy of synthetic knitted fabrics under Chapter 60 of the ITC (HS), 2022. The Minimum Import Price (MIP) condition on 13 ITC(HS) codes of synthetic knitted fabrics is extended from January 1, 2025, to March 31, 2025. Imports under these codes are classified as “Restricted” but are allowed freely if the CIF (Cost, Insurance, and Freight) value is at least 3.5 USD per kilogram. Exceptions to the MIP condition are granted for Advance Authorisation holders, Export Oriented Units (EOUs), and units in Special Economic Zones (SEZ), provided the imported materials are not sold in the Domestic Tariff Area (DTA). This amendment modifies earlier notifications (Nos. 77/2023 and 33/2024-25) and aims to regulate imports effectively while ensuring compliance with trade policies. Details and updates can be accessed through the DGFT’s official channels.
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan
Notification No. 49/2024-25-DGFT | Dated: 4th January, 2025
Subject: Amendment in Import Policy and Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the ITC (HS), 2022— reg.
S.O. 97(E). In exercise of powers conferred by Section 3 and 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, and in partial modification to Notification No. 77/2023 dated 16.03.2024 and Notification No. 33/2024-25 dated 01.10.2024 the Central Government hereby extends the condition of Minimum Import Price (MIP) on the following 13 ITC (HS) codes of Synthetic Knitted Fabrics from 01.01.2025 to 31.03.2025 as under:
| ITC(HS) Code | Item Description | Revised Import Policy |
Policy condition |
| 60063100 | -Of synthetic fibres : — Unbleached or bleached | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60063200 | -Of synthetic fibres : — Dyed | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60063300 | -Of synthetic fibres : — Of yarns of different colours | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60063400 | -Of synthetic fibres : — Printed | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60069000 | — Other | Restricted | However, import is ‘Free’ if CIF value is 3_5 US Dollar and above per Kilogram |
| 60019200 | – Other : — Of man- made fibres | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60041000 | Knitted or crocheted fabrics of a width exceeding 30 cm, containing by weight 5 percent or more of elastomeric yarn or rubber thread, other than those of heading 60.01. | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60049000 | – Other | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60053600 | – Of synthetic fibres : — Other, unbleached or bleached | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60053790 | — Other | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60053900 | – Of
synthetic fibres : — Other, printed |
Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60062200 | – Of cotton : — Dyed |
Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60064200 | – Of artificial fibres: – – Dyed | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
2. Minimum Import Price (MIP) condition on above items shall not be applicable for imports by Advance Authorisation holders, Export Oriented Units (EOUs) and units in the SEZ subject to the condition that the imported inputs are not sold into Domestic Tariff Area (DTA).
Effect of the Notification :
Import of Synthetic Knitted Fabrics under ITC(HS) 60063100, 60063200, 60063300, 60063400, 60069000, 60019200, 60041000, 60049000, 60053600, 60053790, 60062200 and 60064200 is “Restricted”. However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram. Further, inputs imported by Advance Authorisation holders, EOUs and SEZ shall be exempted frOm MIP condition.
This is issued with the approval of minister of commerce & Industry.
(Santosh Kumar Sarangi)
Director General of Foreign Trade &
Ex- officio Addl. Secretary to the Government of India
E-mail: dgft@nic.in
(F.No. 01/89/180/Misc-39/AM-05/PC-2[A]/E-1425)
