Law Updates

The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), has issued notification on 22nd August 2025, amending the import policy conditions for specific items under Chapter 48 of ITC (HS) 2022, Schedule I. The amendment primarily targets Virgin Multi-layer Paper Board (VPB) under HS Codes 48059100, 48059200, 48059300, 48109200, and 48109900.
Under the revised policy, all imports of these paper items continue to remain free but are now subject to compulsory registration under the Paper Import Monitoring System (PIMS) as per policy condition 04 of the chapter. Additionally, a Minimum Import Price (MIP) of INR 67,220 per MT on CIF value is imposed for VPB imports with a CIF value below this threshold, and such imports are classified as “Restricted” until 31st March 2026. Stock lot imports remain prohibited as per earlier notifications.
This policy change aims to regulate the import of VPB, ensuring fair trade practices and protecting domestic paper manufacturers. The notification is effective immediately and has been issued with the approval of the Minister of Commerce & Industry.