**Policy Summary: Amendment in Import Policy Condition for Synthetic Knitted Fabrics**
**Subject:** Imposition of Minimum Import Price (MIP) on specified Synthetic Knitted Fabrics.
**Authority:** Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India.
**Notification Number:** 05/2025-26
**Date:** April 23, 2025
**Effective Period:** Until March 31, 2026.
**Key Provisions:**
The notification restricts the import of synthetic knitted fabrics under the following ITC HS codes:
* 60019200 (Other: Of man-made fibres)
* 60053600 (Of synthetic fibres: Other, unbleached or bleached)
* 60053790 (Other)
* 60053900 (Of synthetic fibres: Other, printed)
However, imports under these ITC HS codes are permitted freely if the Cost, Insurance, and Freight (CIF) value is US$3.5 or above per kilogram.
**Exemptions:**
The MIP condition is not applicable to imports made by:
* Advance Authorisation holders
* Export Oriented Units (EOUs)
* Units in Special Economic Zones (SEZs)
*Condition of exemption: The imported inputs are not sold into Domestic Tariff Area (DTA).*
**Legal Basis:**
This notification is issued in exercise of powers conferred by Section 3 and Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023, as amended. It also references Notifications No. 77/2023 dated 16.03.2024, No. 33/2024-25 dated 01.10.2024 and No. 49/2024-25 dated 04.01.2025.
**Contact Information:**
Aja Bhadoo
Director General of Foreign Trade
Ex officio Addl. Secretary to the Government of India
Email: dgft@nic.in
**File Number:** F.No. 01/89/180/Misc/39/AM05/PC2[A]/E-1425
Key Entities Referenced
Foreign Trade Development Regulation Act, 1992: The Act that confers powers to the government regarding foreign trade regulation.
Foreign Trade Policy FTP, 2023: The prevailing Foreign Trade Policy of India.
Directorate General of Foreign Trade: The agency responsible for implementing the Foreign Trade Policy.
Synthetic Knitted Fabrics: The specific goods whose import policy is being amended.
ITC HS: Indian Trade Clarification based on Harmonized System of coding. It is an internationally standardized system of names and numbers to classify traded products.
Minimum Import Price MIP: The minimum price at which certain goods can be imported.
Export Oriented Units EOUs: Enterprises exporting a certain percentage of their output.
Special Economic Zone SEZ: Specifically delineated duty-free enclave to be treated as foreign territory for trade operations and duties and tariffs.
[To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub-Section (ii)]
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan
Notification No. 05 /2025-26
New Delhi, Dated: 23 April, 2025
Subject: Amendment in Import Policy Condition of Synthetic Knitted Fabrics Covered
under Chapter 60 of the ITC (HS), 2022-reg.
S.0.: In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade
(Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign
Trade Policy (FTP), 2023, as amended from time to time, had imposed MIP vide Notification
No. 77/2023 dated 16.03.2024, No. 33/2024-25 dated 01.10.2024 and No. 49/2024-25 dated
04.01.2025. It has been decided by the Central Government to impose the condition of
Minimum Import Price (MIP) on the following 04 ITC (HS) codes of Synthetic Knitted
Fabrics till 31.03.2026 as under:
ITC(HS) Item Description Import Policy condition
Code Policy
60019200 }- Other : -- Of man- Restricted {However, import is ‘Free’ if CIF value is
Imade fibres 3.5 US Dollar and above per Kilogram
60053600 |} Of synthetic fibres : | Restricted |However, import is ‘Free’ if CIF value is
+- Other, unbleached 3.5 US Dollar and above per Kilogram
lor bleached
60053790 }-- Other Restricted {However, import is ‘Free’ if CIF value is|
3.5 US Dollar and above per Kilogram
60053900 } Of synthetic fibres : | Restricted [However, import is ‘Free’ if CIF value is
-- Other, printed 3.5 US Dollar and above per Kilogram
25 MIP condition on above items shall not be applicable for imports by Advance
Authorisation holders, Export Oriented Units (EOUs) and units in the SEZ subject to the
condition that the imported inputs are not sold into Domestic Tariff Area (DTA).
Effect_of the Notification: Import of Synthetic Knitted Fabrics under ITC (HS) Codes
60019200, 60053600, 60053790 and 60053900, is “Restricted”. However, import is “Free” if
CIF value is 3.5 US Dollar and above per Kilogram. Further inputs imported by Advance
Authorisation holders, Export Oriented Units (EOUs) and units in the SEZ shall be exempted
from MIP condition.
This is issued with the approval of Minister of Commerce & Industry.
(Aja¥ Bhadoo)
Director General of Foreign Trade &
Ex- officio Addl. Secretary to the Government of India
E-mail: dgft@nic.in
(Issued from F.No. 01/89/180/Misc-39/AM-05/PC-2[A /E-1425)