Appeal allowed: Domestic service payments excluded from transaction value under Valuation Rules; CKD subassemblies deemed non-motor vehicles, get conc...
A partial amendment revises the import policy for synthetic knitted fabric under ITC (HS) code 60053600: imports remain "Restricted" with a Minimum Import Price (MIP) of USD 3.50 per kg, but fabrics in the 28-48 grams per square meter (GSM) range are exempt from the MIP. MIP conditions for other notified HS codes remain unchanged. Inputs imported by Advance Authorisation holders, Export Oriented Units and units in SEZ are exempt from the MIP provided the imports are not sold into the Domestic Tariff Area.
A partial amendment revises the import policy for synthetic knitted fabric under ITC (HS) code 60053600: imports remain "Restricted" with a Minimum Import Price (MIP) of USD 3.50 per kg, but fabrics in the 28-48 grams per square meter (GSM) range are exempt from the MIP. MIP conditions for other notified HS codes remain unchanged. Inputs imported by Advance Authorisation holders, Export Oriented Units and units in SEZ are exempt from the MIP provided the imports are not sold into the Domestic Tariff Area.
Note: It is a system-generated summary and is for quick reference only.