Amendment in Import Policy Condition of specific items
Amendment in Import Policy Condition of specific items covered under Chapter 48 of ITC HS, 2022, Schedule —I (Import Policy)-regarding.
S.O. (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, the Central Government hereby amends the Import Policy Condition of items covered under specific HS codes of Chapter 48 of ITC (HS), 2022, Schedule — I (Import Policy), with immediate effect, as under (changes made are in Bold letters):
| HS Code | Description | Import Policy | Existing Policy Condition | Revised Policy Condition |
| 48059100- | Other : –Free Weighing 150 g/m or less | Free subject to Compulsory Registration under Paper ImportCompulsory Monitoring System (PIMS) as per policy condition 04 of this Chapter | Free subject to Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter. However, import of Virgin Multi-layer Paper Board (VPB) having a CIF value less than INR 67,220/ MT is “Restricted” till 31.03.2026. | |
| 48059200- | Other : –Free Weighing more than 150 g/m but less than 225 g/m | Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter | Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter. However, import of Virgin Multi-layer Paper Board (VPB) having a CIF value less than INR 67,220/ MT is “Restricted” till 31.03.2026. | |
| 48059300- | Other : — Weighing 225 g/m or more | Free | Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter | Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter. However, import of Virgin Multi-layer Paper Board (VPB) having a CIF value less than INR 67,2201 MT is “Restricted” till 31.03.2026. |
| 48109200- | Other paper and paperboard : — Multi-ply | Free | 1. Import of Stock lot is Prohibited (Notification No. 45/2015-2020 dated 31/01/2020). 2. However, Import of other items are Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as2. per policy condition 04 of this Chapter. | 1. Import of Stock lot is Prohibited (Notification No. 45/2015-2020 dated 31/01/2020). However, Import of other items are Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter. 3. However, import of Virgin Multi-layer Paper Board (VPB) having a CIF value less than INR 67,220/ MT is “Restricted” till 31.03.2026. |
| 48109900- | Other paper and paperboard : — Other | Free | 1. Import of Stock lot is Prohibited (Notification No. 45/2015-2020 dated 31/01/2020). 2. However, Import of other items are Free subject to Compulsory Registration under Paper Importitems Monitoring System (PIMS) as perCompulsory policy condition 04 of this Chapter. | 1. Import of Stock lot is Prohibited (Notification No. 45/2015-2020 dated 31/01/2020). However, Import of other are Free subject to Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter. However, import of Virgin Multi-layer Paper Board (VPB) having a CIF value less than INR 67,220/ MT is “Restricted” till 31.03.2026. |
Effect of the Notification: Minimum Import Price (MIP) of INR 67,220 per MT on Cost, Insurance, and Freight (CIF) value, is imposed for import of Virgin Multi-layer Paper Board (VPB) under ITC (HS) Codes 48059100, 48059200, 48059300, 48109200 and 48109900 till 31.03.2026.
This is issued with the approval of the Minister of Commerce & Industry.
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