TaxTMI 
TaxTMI 
Policy for issue of import licenses of Rough Marble and Travertine Blocks for the Financial year 2012-13.
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.... Foreign Trade Policy, 2009-14, 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.12 dated 22nd August, 2012." 3. Conditions for import of marble. (A) The following Policy provisions will be applicable for import of Rough Marble Blocks and Travertine for the financial year 2012-13. This will supersede earlier Policy /Guidelines for issue of import licenses of Rough Marble Blocks. (B) Attention is invited to ITC HS Codes 25151100 and 25151210 indic....
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....etric Tonne (MT), which shall be endorsed on all licenses. III. Entitlement: The total import of Rough Marble and Travertine blocks under ITC HS Codes 25151100 and 25151210 will be subject to a ceiling of 6 lakh MT for the whole of the licensing year, 2012-13. 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 2006-07 to 2010-11. The quantity so calculated will however be subject to the overall ceiling of 3000 MT for the first gang saw and 1500 MT for every subsequent gang saw. IV. Actual User Condition: All licenses shall be subject to actual user condition. Modalities f....
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....vents is attached as Annexure 2 to this Notification. 2. The following conditions would need to be followed and documentary proof submitted to concerned RA alongwith the application for grant of quota :- (a) The Marble gangsaw in the Unit should be in the name of the Unit and established on or prior to 31.3.2012, 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 or prior to 31.3.2007; (c) The....