TaxTMI 
TaxTMI 
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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....09-14, the Central Government hereby makes the following amendments in Schedule-I (Imports) to the ITC (HS) Classifications of Export and Import Items: 2. Import Licensing Note No. (2) inserted at the end of Chapter 25, will be amended to read as : "Import of rough marble blocks will be subject to conditions laid down in Notification No. 64 dated 4^th August, 2011." 3.Conditions for import of marble. (A) The following Policy provisions will be applicable for import of Rough Marble Blocks for the financial year 2011-12. This will supersede earlier Policy /Guidelines for issue of import licenses of Rough Marble Blocks. (B) Attention is invited to EXIM Co....
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.... into blocks of a rectangular (including square) shape shall be subject to a floor price of US$ 325 per Metric Tonne (MT), which shall be endorsed on all licenses. III. Entitlement: The total import of Rough Marble Blocks under EXIM Code Nos. 25151100 and 25151210 will be subject to a ceiling of 5 lakh MT for the whole of the licensing year, 2011-12. Eligible units will be entitled for an import license on the basis of cumulative turnover ( indigenous or foreign) of atleast Rupees 5 crores of processed marble slabs/tiles only, over the previous five financial years 2005-06 to 2009-10. The quantity so calculated will however be subject to the overall ceiling of 3000 MT for the first gang saw a....
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....ion, in the relevant Aayaat Niryaat Form, along with the documents prescribed to concerned RA. The following conditions would need to be followed and documentary proof submitted to concerned RA :- (a) The Marble gangsaw in the Unit should be in the name of the Unit and established on or prior to 31.3.2011, as certified by State Industry Department (District Industry Centre). The gang saw should not be 'on Lease' from any other party. The marble gangsaw machine should have linear movement and should have minimum 60 steel blades impregnated with diamond segments and be used only for cutting marble blocks into slabs; (b) SSI/SIA Registration Certificate should show the Unit being in operation on....
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.... marble slabs/tiles alongwith the income tax returns for the same period. (h) With regard to calculation of indigenous sales turnover, it is further clarified that the turnover will include the net sales after deducting the sales returns from the gross sales. It is also clarified that the turnover of the applicant only shall be taken into consideration and the turnover of group concerns/ sister concerns/ subsidiaries etc. shall not be counted for calculating the turnover. (i) The applicant must not be on DEL (Denied Entities List). (j) In case any applicant/ firm is found to have furnished wrong/ false information or made any misrepresentation, then it shall be debarred from the allocation ....
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....A Registration Certificate shows the Unit being in operation on or prior to 31.3.2006. (Example :Yes/No) Line 12 Whether the established Marble gangsaw is in the name of the Unit on or prior to 31.3.2011, as certified by State Industry Department (District Industry Centre. (Example: Yes/No) Line 13-23 Details of Applicant Line 13 Name of the Applicant (in whose name IEC has been issued) (Example : ABC Exports) Line 14 l Exact Postal Address Line 15 l (Example: D-402, 1^st Floor, Line 16 l Karim Nagar, New Delhi- 110010) Line 17 Phone Number(s) with STD Code (Example: 011-23456789) Line 18 Fax Number (Example: 011-23456793....