The Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India, issued a notification extending the Minimum Import Price (MIP) condition on four specific ITC (HS) codes of synthetic knitted fabrics. This measure, initially imposed through earlier notifications in 2024, will now remain in effect until March 31, 2026. The specified ITC (HS) codes are 60019200 (Other of man-made fibres), 60053600 (Other, unbleached or bleached of synthetic fibres), 60053790 (Other of synthetic fibres), and 60053900 (Other, printed of synthetic fibres).
Under this notification, the import policy for these synthetic knitted fabrics is classified as “Restricted.” However, a provision allows for “Free” import if the Cost, Insurance, and Freight (CIF) value of the imported goods is 3.5 US Dollars and above per kilogram. This MIP condition will not apply to imports made by holders of Advance Authorisations, Export Oriented Units (EOUs), and units operating within Special Economic Zones (SEZs), provided that the imported materials are not sold within the Domestic Tariff Area (DTA). The notification clarifies that this amendment, effective from the date of issuance, is aimed at regulating the import of these specific synthetic knitted fabrics and includes exemptions for certain categories of exporters who utilize these materials for export production.
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan
Notification No. 05/2025-26-DGFT | Dated: 23 April, 2025
Subject: Amendment in Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the ITC (HS), 2022—reg.
S.O. 1839(E).: In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy (FTP), 2023, as amended from time to time, had imposed MIP vide Notification No. 77/2023 dated 16.03.2024, No. 33/2024-25 dated 01.10.2024 and No. 49/2024-25 dated 04.01.2025. It has been decided by the Central Government to impose the condition of Minimum Import Price (MIP) on the following 04 ITC (HS) codes of Synthetic Knitted Fabrics till 31.03.2026 as under:
| ITC(HS) Code |
Item Description | Import Policy |
Policy condition |
| 60019200 | – Other : — Of man- made fibres | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60053600 | – Of synthetic fibres : — Other, unbleached or bleached | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60053790 | — Other | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
| 60053900 | – Of synthetic fibres : — Other, printed | Restricted | However, import is ‘Free’ if CIF value is 3.5 US Dollar and above per Kilogram |
2. MIP condition on above items shall not be applicable for imports by Advance
Authorisation holders, Export Oriented Units (EOUs) and units in the SEZ subject to the condition that the imported inputs are not sold into Domestic Tariff Area (DTA).
Effect of the Notification: Import of Synthetic Knitted Fabrics under ITC (HS) Codes 60019200, 60053600, 60053790 and 60053900, is “Restricted”. However, import is “Free” if CIF value is 3.5 US Dollar and above per Kilogram. Further inputs imported by Advance Authorisation holders, Export Oriented Units (EOUs) and units in the SEZ shall be exempted from MIP condition.
This is issued with the approval of Minister of Commerce & Industry.
(Aja hadoo)
Director General of Foreign Trade &
Ex- officio Addl. Secretary to the Government of India
E-mail: dgft@nic.in
(Issued from F.No. 01/89/180/Misc-39/AM-05/PC-2[A]/E-1425)
