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The Central Government amends the import policy for specific synthetic knitted fabrics under Chapter 60 of the ITC (HS), 2022, to impose a Minimum Import Price condition. Importers face restricted import status for ITC (HS) codes 60019200, 60053600, 60053790, and 60053900 until 31 March 2026. The import becomes free if the CIF value equals or exceeds 3.5 US Dollars per kilogram. Advance Authorisation holders, Export Oriented Units, and units in the SEZ receive an exemption from the Minimum Import Price condition provided they do not sell the imported inputs into the Domestic Tariff Area.
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[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.O.: 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) Code | Item Description | Import Policy | Policy condition |
|---|---|---|---|
| 60019200 | Other : -- Of man-made fibres | Restricted | However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram |
| 60053600 | - Of synthetic fibres : -- Other, unbleached or bleached | Restricted | However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram |
| 60053790 | --- Other | Restricted | However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram |
| 60053900 | - Of synthetic fibres : -- Other, printed | Restricted | However, import is 'Free' if CIF value is 3.5 US Dollar and above per Kilogram |
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.
[Image omitted. See the official document.] (Ajay 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)
