Mip Minimum Import Price

Govt extends MIP on virgin multi-layer paper board till Sept 2026

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.

Govt moves to curb cheap penicillin-based drug imports for 1 year

Centre imposes one-year minimum import price on key penicillin inputs to check Chinese dumping and protect domestic bulk drug manufacturing

Govt extends MIP on select steel products till February 4

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

Government extends MIP on select steel items for 2 months

The government in August decided to extend the MIP on 66 steel products for two months as against 173 items earlier

Govt prunes MIP list to 66 steel products

Those with anti-dumping, safeguard duties removed