Home India Ministry of Commerce and Industry Extension in Minimum Import Price MIP Condition of specific ...
Date: 2026-04-02 Category: Extra Ordinary State: Union Government Country: India

Extension in Minimum Import Price MIP Condition of specific items covered under Chapter 48 of ITC HS 2022 Schedule I Import Policy regarding

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

**Executive Summary** This notification issued by the Directorate General of Foreign Trade (DGFT) extends the Minimum Import Price (MIP) condition for specific Virgin Multi-layer Paper Board (VPB) items under Chapter 48 of the ITC HS, 2022. The extension is effective for a period of one month, moving the deadline from March 31, 2026, to April 30, 2026. All other terms and conditions from the previous notification dated August 22, 2025, remain unchanged. **Key Points / Main Content** **Policy Extension** * Extends the Minimum Import Price (MIP) condition for specific items listed under Chapter 48 of ITC HS, 2022, Schedule-I (Import Policy). * The extension is valid for a duration of one month, covering the period from 31.03.2026 to 30.04.2026. * The directive is issued under the powers conferred by the Foreign Trade (Development & Regulation) Act, 1992, and the Foreign Trade Policy 2023. **Affected Commodities and Pricing** * Applies specifically to Virgin Multi-layer Paper Board (VPB). * Impacts the following ITC (HS) Codes: 48059100, 48059200, 48059300, 48109200, and 48109900. * The Minimum Import Price is set at INR 67,220 per Metric Tonne (MT) on a Cost, Insurance, and Freight (CIF) basis. **Regulatory Consistency** * Confirms that all other terms and conditions specified in Notification No. 26/2025-26 (dated 22.08.2025) remain in effect. * The notification was issued with the formal approval of the Minister of Commerce & Industry. **Impact Analysis** **Importers of Virgin Multi-layer Paper Board (VPB)** **Impact** Importers are prohibited from clearing specified paper board products at a CIF value lower than INR 67,220 per MT for an additional month. This maintains the cost floor for these goods through April 30, 2026. **Action Required** Importers must ensure that their procurement contracts and customs declarations for the specified HS codes comply with the mandated MIP during the extension period. **Customs and Regulatory Authorities** **Impact** Authorities are tasked with enforcing the price floor at ports of entry to ensure no under-priced cargo of the specified categories enters the domestic market. **Action Required** Officials must continue to verify that the CIF value of imported Virgin Multi-layer Paper Board under the listed ITC (HS) codes meets the minimum requirement of INR 67,220 per MT until the new expiration date.

Key Entities Referenced

Foreign Trade (Development & Regulation) Act, 1992: The primary legislation that empowers the Central Government to regulate and control foreign trade, specifically under Sections 3 and 5 for this notification. Directorate General of Foreign Trade (DGFT): The primary regulatory body under the Ministry of Commerce and Industry responsible for implementing the Foreign Trade Policy and issuing this extension. Foreign Trade Policy 2023: The current policy framework governing India's international trade, under which the extension of the Minimum Import Price is mandated. ITC HS, 2022, Schedule -I (Import Policy): The Indian Trade Classification based on the Harmonized System which defines the specific commodity scope (Chapter 48) for the import restrictions. Minimum Import Price (MIP): The specific trade measure and price floor (set at INR 67,220 per MT) extended for the import of Virgin Multi-layer Paper Board.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-04042026-271570 CG-DxLx-xEG-I0D4H0x4x2x0 26-271570 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1651] िई ददल्ली, बृहस्ट्प जतवार, अप्रलै 2, 2026/चत्रै 12, 1948 No. 1651] NEW DELHI, THURSDAY, APRIL 2, 2026/CHAITRA 12, 1948 वाजणज्य एव ं उद्योग मत्रं ालय (वाजणज्य जवभाग) (जवदेि व्यापार महाजिदेिालय) अजधसचू िा िई ददल्ली, 31 माच,च 2026 स.ं 69/2025-2026 जवषयः आइटीसी एचएस, 2022, अिसु चू ी-I (आयात िीजत) के अध्याय 48 के अतं गतच आि े वाली जवजिष्ट वस्ट्तओंु के जलए न्यिू तम आयात मल्ू य (एमआइपी) की ित चम ेंजवस्ट्तार के सबं धं म।ें का.आ. 1716(अ).— समय-समय पर यथा संिोजधत जवदेि व्यापार िीजत 2023 के पैरा 1.02 और 2.01 के साथ पठित जवदेि व्यापार (जवकास एव ं जवजिमयि) अजधजियम, 1992 के धारा 3 और धारा 5 द्वारा प्रदत्त िजियों का प्रयोग करते हुए और िीजत पठरपत्र स.ं 04/2025-26 ददिांक 03-09-2026 के साथ पठित अजधसूचिा स.ं 26/2025-26 ददिांक 22.08.2025 के क्रम म ें केन्र सरकार एतदद्वारा आइटीसी एचएस, 2022, अिुसूची-I (आयात िीजत) के अध्याय 48 के अंतगतच आि े वाली जवजिष्ट वस्ट्तओंु की न्यिू तम आयात (एमआइपी) ित च को 1 माह की अवजध के जलए अथाचत 31.03.2026 स े30.04.2026 तक जवस्ट्ताठरत करती ह।ै अजधसूचिा स.ं 26/2025-26 ददिांक 22.08.2025 म ेंददए गए जियम और ित ें यथावत रहगें ी। अजधसचू िा का प्रभाव: आइटीसी (एचएस) कोड 48059100, 48059200, 48059300, 48109200 और 48109900 के तहत वर्िचि मल्टी-लेयर पेपर बोड च (वीपीबी) के आयात पर लाग ू लागत, बीमा और माल भाडा (सीआइएफ) मूल्य पर 2416 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] न्यूितम आयात मूल्य (एमआइपी) 67,220 रुपय े प्रजत मीठरक टि को एक माह की अवजध के जलए अथाचत 30.04.2026 तक बढा ददया गया ह।ै इस े वाजणज्य और उद्योग मंत्री के अिुमोदि स े िारी दकया िाता ह।ै [फा. स. ं 01/89/180/36/एएम-25/पीसी-2(ए)/ई-43352] लव अग्रवाल, महाजिदिे क जवदिे व्यापार एव ं पदेि अपर सजचव MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 31st March, 2026 No. 69/2025-26 Subject: Extension in Minimum Import Price (MIP) Condition of specific items covered under Chapter 48 of ITC HS, 2022, Schedule -I (Import Policy)-regarding. S.O. 1716(E).— 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 2023, as amended from time to time, and in continuation of Notification No. 26/2025-26 dated 22.08.2025 read with Policy Circular No. 04/2025-26 dated 03.09.2026 , the Central Government hereby extends the Minimum Import (MIP) condition of specific items covered under Chapter 48 of ITC HS, 2022, Schedule -I (Import Policy), for a period of 1 month i.e. from 31.03.2026 to 30.04.2026 with all other terms and conditions remain same as in the Notification No. 26/2025-26 dated 22.08.2025. Effect of the Notification: Minimum Import Price (MIP) @ INR 67,220 per MT on Cost, Insurance, and Freight (CIF) value, imposed on import of Virgin Multi-layer Paper Board (VPB) under ITC (HS) Codes 48059100, 48059200, 48059300, 48109200 and 48109900 has been extended for a period of one month i.e. up to 30.04.2026. This is issued with the approval of the Minister of Commerce & Industry. [F. No. 01/89/180/36/AM-25/PC-2(A)/E-43352] LAV AGARWAL, Director General of Foreign Trade & Ex- officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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