MIP 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.

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The government extended further MIP on 19 products for two months, till February 4

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Those with anti-dumping, safeguard duties removed