Import valuation thresholds for prime steel items allow free import unless c.i.f. falls below prescribed minima. A clause added to the Import Licensing Notes for Chapter 72 of the ITC(HS) Classification permits free import of specified prime steel items except where the c.i.f. value per metric tonne is below the minimum amount prescribed against each listed ITC(HS) code (covering HR coils, HR sheets, CR coils, tinplates, electrical sheets, plates, and alloy steel bars and rods). The amendment is made under the Foreign Trade (Development and Regulation) Act and relevant Export and Import Policy provisions.