ANNOUNCEMENT 26 Aug 2013In August 2013, the government of India announced a change in import duties.
NUMBER OF INTERVENTIONS
On 26 August 2013, the Indian Ministry of Commerce and Industry amdended the policy for import of certain varieties of granite stone (worked monumental or building stone) under HS code 6802.
Earlier, the import of granite was allowed without any restrictions on quantity or on mimimum value. With this amendment, import of granite is allowed only when the CIF (Cost Insurance & Freight) value is $80 or above per square meter.
From 1 October 2016, the Minimum Import Price was reduced to USD 50 per square meter (see related measure).