Policy for allocation of quota for import of Rough Marble Blocks for Indian companies investing abroad in marble mining, for the year 2013-14
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Import quota allocation for rough marble blocks establishes eligibility, quantity caps, floor-price and procedural compliance.
Policy permits import of rough marble blocks by Indian companies investing abroad through 100% overseas subsidiaries that meet investment, plant-and-machinery, and operating-license criteria. Imports are limited to marble from the subsidiary's own quarries, subject to an aggregate annual quota and per-applicant ceiling; excess demand triggers pro rata allocation based on prior-year sales certified by an independent chartered accountant. Imports must comply with a declared floor price, specified ITC HS codes, an actual user condition, twelve month authorisation validity, and mandatory monthly returns to the Regional DGFT authority.