TMI BlogPolicy for issue of import licenses of Rough Marble and Travertine Blocks for the Financial year 2014-15.X X X X Extracts X X X X X X X X Extracts X X X X ..... as amended, read with paragraph 2.1 of the 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. 99 dated 20th November 2014. 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 2014-15. This will supersede earlier Policy /Guidelines for issue of import licenses of Rough Marble Blocks. (B) Attention is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly trimmed marble and travertine blocks or merely cut, by sawing or otherwise into blocks of a rectangular (including square) shape shall be subject to a floor price of US$ 325 per Metric Ton (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 8 lakh MT for the whole of the licensing year, 2014-15. Eligible units will be entitled for an import license on the basis of cumulative turnover ( indigenous or foreign) of at least ₹ 5 crores of processed marble slabs/tiles only, over the previous three financial years 2011-12 to 2013-14. The quantity so calculated will however be subject to a c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ribed therein, to concerned RA for import of rough marble blocks for the financial year 2014-15. RA will then forward the applications to DGFT HQ for scrutiny and allocation of quota. Calendar of events 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 31.3.2014. 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nit sawing marble blocks of third parties into slabs/tiles and the amount of excise duty, service tax and sales tax/VAT paid on such indigenous sales turnover of marble slabs/tiles may also be included for calculating indigenous sales turnover of the applicant. An applicant would need to submit certified copies of VAT/Sales Tax returns filed by the applicant for each of the 3 financial years indicating the indigenous sales turnover of marble slabs/tiles alongwith the income tax returns for the same period. No trading turnover shall be considered. (j) With regard to calculation of indigenous sales turnover, it is clarified that the turnover will include the net sales after deducting the sales returns from the gross sales. It is also clari ..... X X X X Extracts X X X X X X X X Extracts X X X X
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