Amendment in Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the ITC (HS), 2022- Notification No. 05/2025-26.
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 |
- MIP condition on above items shall not be applicable for imports by Advance Authorisation holders, Export Oriented Units (EOUs) and units in the SEZ subject to the condition that the imported inputs are not sold into Domestic Tariff Area (DTА).
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.
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