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Govt extends applicability of Minimum Import Price (MIP) on 19 HS Codes till 4th February, 2017

Ministry of Commerce and Industry | Department of Commerce | Directorate General of Foreign Trade | Notification | 3rd December, 2016 | No. 31/2015-2020

Subject : Continuation of Minimum Import Price (MIP) on 19 HS Codes of Iron and Steel under Chapter 72 of ITC (HS), 2012 –Schedule – 1 (Import Policy): amendment in import Policy Conditions.

S.O. 3643 (E).— In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby extends the applicability of Minimum Import Price (MIP) beyond 04/12/2016 on 19 HS Codes as specified in the Annex to this Notification for two months, i.e., till 4th February, 2017.


2. Effect of this Notification: Minimum Import Price (MIP) for 19 HS Codes under Chapter 72 of ITC (HS), 2012 – Schedule – 1 (Import Policy) as detailed in the Annex is extended till 4th February, 2017.

Annex to Notification : Minimum Import Price (MIP) on Iron and Steel under Chapter 72 of ITC (HS), 2012 is available here - link

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