Policy of import licenses - Import of rough marble blocks will be subject to conditions - Import Licensing Note No. (2) inserted at the end of Chapter 25,will be amended from dated 4th August, 2011.
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Import licensing conditions for rough marble blocks impose eligibility criteria, floor price endorsement and an annual import quota.
Imports of rough marble blocks for 2011-12 are regulated by an amended Import Licensing Note and conditional allocation: eligible units must own an installed marble gangsaw (not leased), have operated for five years, and show a cumulative Rs. 5 crore turnover in processed slabs/tiles for 2005-06 to 2009-10. Licenses carry an endorsed floor price, are subject to an overall annual ceiling and per-unit caps, an actual user condition, monthly reporting, prescribed documentary proof, and penalties for misrepresentation.