FTP - Import of Rough Marble Blocks for the year 2011-12 - Only for Manufacturing, not trading - DGFT Clarification
DGFT clarifies that only manufacturing turnover of the units in respect of processed marble slabs/tiles will be considered for grant of import quota of marble and no trading turnover will be considered. In case a unit is having manufacturing as well as trading turnover, then they will have to separate the two and apply for grant of quota on the basis of manufacturing turnover of processed marble slabs/tiles only.
If any unit having only trading turnover has mistakenly applied for import quota by e mail, they should immediately send an e mail to marbleimport2011-dgft@nic.in with the subject header: “Withdrawal of application for import of marble”.
Failure to send such corrective e-mail is liable to be treated as mis-declaration and invite penal action under FTD&R Act 1992.
DGFT Policy Circular No. 37 (RE-2010)/2009-2014, Dated: August 08, 2011