Minimum Import Price

The government has announced the extension of the minimum import price on virgin multi-layer paper board till September 30, 2026, according to a notification. The MIP was first imposed in August 2025. "Minimum Import Price (MIP) @ INR 67,220 per MT on Cost, Insurance, and Freight )CIF) value, imposed on import of Virgin Multi-layer Paper Board (VPB)'has been extended for the period up to 30.09.2026," the directorate general of foreign trade has said in notification. The product is used in the packaging of pharmaceuticals, FMCG products, food and beverages, electronics, high-end cosmetics, liquor, book covers, and publishing. Below this MIP, imports would not be allowed.

The Supreme Court has ruled that minimum import price curbs on steel products take effect only from the date of gazette publication, granting relief to importers who entered contracts before the notif

The government has imposed a minimum import price of Rs 67,220 per tonne on virgin multi-layer paper board till March 31, 2026, according to a notification. The product is used in the packaging of pharmaceuticals, FMCG products, food and beverages, electronics, high-end cosmetics, liquor, book covers, and publishing. "MIP (minimum import price) of Rs 67,220 per tonne on cost, insurance, and freight (CIF) value, is imposed for import of virgin multi-layer paper board...till March 31, 2026," the Directorate General of Foreign Trade (DGFT) has said in a notification. Below this MIP, imports would not be allowed. The imposition of the price will help contain the dumping of the product from countries like Indonesia. In July, the commerce ministry's arm DGTR (directorate general of trade remedies) has initiated an anti-dumping probe into the imports of these paperboards from Indonesia following a complaint by domestic players. The Indian Paper Manufacturer Association had filed the .

India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market

It also said that the imports are allowed only through Kolkata sea port. Cost, Insurance, and Freight (CIF) is a term used in global trade parlance

Loss of primary aluminium producers was Rs 943 cr in FY15, which increased to Rs 4,283 cr in FY16

MIP on 19 products is expiring on February 4. Nothing will be done after that, says Steel Minister

To aid domestic companies, government imposed MIP in Feb16 on 173 steel products for a period of six months to help cut inbound shipments

Government imposed the MIP condition on imports of 173 steel items for six months