Imposition of Minimum Import Price (MIP) on import of Soda Ash covered under Chapter 28 of ITC (HS) 2022, Schedule -I (Import Policy).
The Central Government has announced a revision to the Import Policy for certain ITC (HS) codes under Chapter 28 of the ITC (HS) 2022, Schedule-I. This change has been made in exercise of powers under the Foreign Trade (Development & Regulation) Act, 1992 and the Foreign Trade Policy (FTP) 2023.
These revised import conditions will remain in effect until 30th June 2025.
|
ITC (HS) CODE |
ITEM DESCRIPTION
|
EXISTING IMPORT POLICY
|
REVISED IMPORT POLICY
|
EXISTING POLICY CONDITION
|
REVISED POLICY CONDITION
|
|
28362010 |
Disodium carbonate, dense |
Free |
Restricted |
– |
However, import is Free if CIF value is Rs. 20,108 or above per MT |
|
28362020 |
Disodium carbonate, light |
Free |
Restricted |
– |
However, import is Free if CIF value is Rs. 20,108 or above per MT |
|
28362090 |
Other |
Free |
Restricted |
– |
However, import is Free if CIF value is Rs. 20,108 or above per MT |
2. The existing ‘Free’ Import Policy, as it stands prior to the issuance of this Notification, shall be in effect starting from 1st 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 – 1 (Import Policy), up to 30th June 2025.
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