Home India Ministry of Commerce and Industry Imposition of Minimum Import Price (MIP) on import of Soda A...
Date: 2024-12-30 Category: Not Applicable State: Union Government Country: India

Imposition of Minimum Import Price (MIP) on import of Soda Ash covered under Chapter 28 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

**Policy Summary: Imposition of Minimum Import Price on Soda Ash** **Date:** December 30, 2024 **Issuing Authority:** Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India. **Subject:** Revision of Import Policy and Import Policy Condition for Soda Ash (Disodium Carbonate) under Chapter 28 of ITC HS 2022, Schedule 1. **Notification No.:** 46/2024-25 **Key Provisions:** * A Minimum Import Price (MIP) of INR 20,108 per Metric Ton (MT) is imposed on the import of Disodium Carbonate (Soda Ash) falling under ITC HS Codes 28362010, 28362020, and 28362090. * The import policy for these items is revised from "Free" to "Restricted." However, imports with a CIF (Cost, Insurance, and Freight) value of INR 20,108 or above per MT will be permitted freely. * This MIP is effective until June 30, 2025. * The existing "Free" Import Policy, as it stood before this notification, will be reinstated starting July 1, 2025, unless amended by a subsequent notification. **Legal Basis:** * Section 3 and Section 5 of the Foreign Trade (Development and Regulation) Act, 1992. * Paragraphs 1.02 and 2.01 of the Foreign Trade Policy (FTP) 2023, as amended. **Contact Information:** * Santosh Kumar Sarangi, Director General of Foreign Trade & Ex officio Addl. Secretary to the Government of India. * Email: dgft@nic.in **File Number:** F.No. 01/89/180/04/AM24/PC2[AE39595]

Key Entities Referenced

Directorate General of Foreign Trade: An agency of the Ministry of Commerce and Industry responsible for implementing the Foreign Trade Policy. Foreign Trade Development Regulation Act, 1992: The Act that confers powers for regulating foreign trade. Foreign Trade Policy FTP 2023: A policy document outlining guidelines and objectives for promoting and regulating India's foreign trade. ITC HS 2022: The Indian Trade Classification based on Harmonized System of Coding used for classifying goods in import and export. Soda Ash: Common name for Disodium Carbonate. The notification imposes a Minimum Import Price (MIP) on Soda Ash. Minimum Import Price (MIP): The minimum price below which import of a specific commodity is not allowed. In this case, it is imposed on Soda Ash. Santosh Kumar Sarangi: Director General of Foreign Trade and Ex officio Addl. Secretary to the Government of India. Ministry of Commerce and Industry: The ministry responsible for formulation and implementation of trade and industry policies.
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[To be published in the Gazette of India Extraordinary Part-ll, Section-3, Sub-Section (II)] Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 46 /2024-25 New Delhi, Dated: 30" December 2024 Subject: Imposition of Minimum Import Price (MIP) on import of Soda Ash covered under Chapter 28 of ITC (HS) 2022, Schedule -1 (Import Policy) — regarding. S.O. (E): In exercise of powers conferred by Section 3 read with 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, the Central Government hereby revises the Import Policy and Import Policy Condition of the following ITC(HS) Codes covered under Chapter 28 of ITC (HS) 2022, Schedule—| (Import Policy), up to 30TM June 2025, as under: ITC(HS) Item Existing| Revised | Existing |Revised Policy condition Code |Description] Import | Import Policy Policy Policy | condition 28362010} Disodium Free | Restricted - However, import is ‘Free’ if carbonate, CIF value is Rs. 20,108 or] dense labove per MT 28362020} Disodium Free | Restricted - However, import is ‘Free’ iff carbonate, CIF value is Rs. 20,108 or| light labove per MT 28362090} Other Free | Restricted - However, import is ‘Free’ if CIF value is Rs. 20,108 or| labove per MT 2. The existing ‘Free’ Import Policy, as it stands prior to the issuance of this Notification, shall be in effect starting from 1% July 2025, unless expressly amended by subsequent notification. Effect of the Notification: Minimum Import Price (MIP) of Rs. 20,108 per MT is imposed on Disodium Carbonate (Soda Ash) covered under Chapter 28 of ITC (HS) 2022, Schedule-I (Import Policy), up to 30" June 2025. This is issued with the approval of Minister of Commerce & Industry. ea or" 0~ (Santosh Kumar Sarangi) Director General of Foreign Trade & Ex- officio Addl. Secretary to the Government of India E-mail: dgft@nic.in (Issued from F.No. 01/89/180/04/AM-24/PC-2[A]/E-39595)

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