The Directorate General of Foreign Trade (DGFT) has extended the Minimum Import Price (MIP) condition applicable to specified Virgin Multi-Layer Paper Board (VPB) imports.
As per DGFT Notification No. 38/2026-27 dated 30 September 2026, the existing MIP of ₹67,220 per MT on CIF value has been extended up to 31 March 2027. The notification covers specified products under Chapter 48 of ITC (HS), 2022, Schedule-I (Import Policy).
What is Minimum Import Price (MIP) and Which Products Are Covered?
Minimum Import Price (MIP) is a prescribed minimum value applicable to specified imported goods under the relevant import policy conditions.
As per the notification, the applicable MIP for Virgin Multi-Layer Paper Board (VPB) is ₹67,220 per MT on CIF value. Importers dealing with the specified products should consider this requirement while planning import transactions and costing.
The notification covers the following HS Codes:
- 48059100
- 48059200
- 48059300
- 48109200
- 48109900
Importers should verify the correct HS classification of their products before finalising an import transaction.
The MIP condition has been extended up to 31 March 2027. The notification also states that all other terms and conditions of the earlier notification will remain unchanged.
MIP Extended Till 31 March 2027
The MIP condition has been extended for a further period of six months, up to 31 March 2027.
As stated in the notification, all other terms and conditions of the earlier notification will remain unchanged.
Conclusion
The extension of the Minimum Import Price on Virgin Multi-Layer Paper Board is an important DGFT import policy update for affected importers.
Businesses dealing with the specified HS Codes should review the applicable MIP of ₹67,220 per MT on CIF value and consider the requirement while planning their import transactions and compliance.