Summary
- The Directorate General of Foreign Trade (DGFT) has extended the Minimum Import Price (MIP) of USD 111 per kg on specified chemical imports until November 30, 2026.
- This extension applies to items under Chapter 29 of ITC (HS), 2022, originally imposed by Notification No. 30/2025-26 on September 18, 2025.
- The notification was issued under Sections 3 and 5 of the Foreign Trade (Development & Regulation) Act, 1992, with approval from the Minister of Commerce & Industry.
- This move aims to regulate imports of specific chemicals and maintain market stability in the sector.
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