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Dated: 01.05.2026

DGFT Extends Minimum Import Price for Virgin Multi-layer Paper Board Until September 2026

The Government of India has recently announced an important update regarding the import policy for specific items under Chapter 48 of the ITC HS 2022 Schedule-I. This article provides a comprehensive overview of the notification, its impact, and what it means for stakeholders in the paper board industry.

What Is the Minimum Import Price (MIP)?

The Minimum Import Price (MIP) is a regulatory mechanism that sets a floor price for the import of certain goods. It is designed to protect domestic industries from underpriced imports, ensuring fair competition and supporting local manufacturers.

Notification Highlights

1. Extension of MIP Condition
   • The Central Government has extended the MIP condition for specific items under Chapter 48 of the ITC HS 2022 Schedule-I (Import Policy).
   • The extension is valid until September 30, 2026.
   • All other terms and conditions remain unchanged from previous notifications.
2. Affected Products
   • The MIP applies specifically to Virgin Multi-layer Paper Board (VPB).
   • Relevant ITC (HS) Codes:
     • 48059100
     • 48059200
     • 48059300
     • 48109200
     • 48109900
3. Price Details
   • The MIP is set at INR 67,220 per metric ton (MT) on a Cost, Insurance, and Freight (CIF) basis.
4. Legal and Policy Framework
   • The extension is issued under the powers conferred by Section 3 and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992.
   • It aligns with the Foreign Trade Policy 2023 and follows previous notifications and policy circulars.

Implications for Importers and Industry

• Importers must ensure that their imports of Virgin Multi-layer Paper Board meet or exceed the MIP of INR 67,220 per MT (CIF) until September 30, 2026.
• Domestic Manufacturers benefit from continued protection against low-priced imports, supporting industry stability and growth.
• Trade Compliance: All stakeholders should review their procurement and compliance processes to align with the extended MIP condition.

Why Was the MIP Extended?

The extension aims to:

1. Protect domestic paper board manufacturers from unfair competition.
2. Maintain quality standards by discouraging the import of substandard products.
3. Support the broader objectives of the Foreign Trade Policy 2023.

In case you face any issues related to Indirect Tax-Customs, GST, Foreign Trade Policy (FTP), Arbitration matters and Central Licensing and related advisory matters in India then please feel free to get in touch with SJ EXIM Services.

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Source: DGFT, Ministry of Commerce & Industry

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