MIP Restriction
Lifted for Light Weight Breathable Synthetic Knitted Fabrics in 28-48 GSM
Range, Industry Lives with Unnecessary Restriction for Six Months before
Relaxation
·
Import of Synthetic Knitted
Fabrics Falling within the 28 to 48 Grams per Square Meter (GSM) Range Exempted
from the MIP Condition
·
The MIP condition on other HS
Codes notified under Notification No. 05/2025-26 dated 23.04.2025 shall remain
unchanged.
·
Inputs imported by Advance
Authorisation holders, Export Oriented Units and units in SEZ shall be exempted
from MIP condition subject to condition that the imported inputs are not sold
into Domestic Tariff Area (DTA)
·
Import Restriction Continue
till 31 March 2026
·
Imports
remain Restricted for
synthetic knitted fabrics under ITC (HS) 60053600.
·
Import
is allowed freely
(no license required) if
CIF ≥ USD 3.5/kg.
·
New
Exemption:
Fabrics between 2848 GSM
can now be imported freely
without
complying with the USD 3.5/kg Minimum Import Price (MIP).
·
No
change to
MIP conditions on other HS codes listed in Notification No. 05/2025-26.
·
Exemptions
continue for:
o Advance Authorisation holders
o Export Oriented Units (EOUs)
o SEZ units,
provided imported inputs are not
sold in the Domestic Tariff Area (DTA).
Importers of
lightweight synthetic knitted fabrics (2848 GSM) gain relief they can import
at any price,
not bound by the USD 3.5/kg limit.
Heavier fabrics (outside 2848 GSM) still
need to meet the MIP condition.
The change benefits garment
manufacturers using ultra-light fabrics for sportswear,
lingerie, and activewear.
Trade facilitation for exporters using such fabrics as inputs.
[DGFT Notification No. 46/2025-26 dated 21
October, 2025]
Effect of this Notification:
Import of Synthetic Knitted Fabrics under ITC (HS) Code 60053600 shall remain
"Restricted" and subject to MIP condition of USD 3.5/kg, except for
fabrics falling within the 28 to 48 grams per square meter (GSM) range.
Subject: Partial amendment in Import
Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the
ITC (HS), 2022.
S.O.: In exercise of powers conferred by
Section 3 and Secti9n 5 of the Foreign Trade (Development & Regulation)
Act, 1992, read with paragraph 1.02 and 2.0 1 of the Foreign Trade Po1icy
(FTP), 2023, as amended from time to time, the Central Government had imposed
Minimum Import Price (MIP) on certain ITC (HS) Codes of Synthetic Knitted
Fabrics vide Notification No. 77/2023 dated 16.03.2024 , Notification No.
33/2024-25 dated 01.10.2024, Notification No. 49/2024-25 dated 04.01.2025 and
Notification No. 05/2025-26 dated 23 .04.2025.
2.Now in partial modification in
Notification No 5/2025-26 dated 23.04.2025 , it has
been decided by the Central Government to revise import policy of ITC (HS) Code 60053600 as under:
|
ITC
(HS) Code |
Item
Description |
Import
Policy |
Existing
Policy condition |
Revised
Policy Condition |
|
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 |
Import is 'Free' if CIF value is 3.5 US
Dollar and above per Kilogram. However, import of fabrics falling
within the 28 to 48 grams per square meter (GSM) range is exempted from the
above Minimum Import Price (MIP) condition |
3. The MIP condition on other HS Codes
notified under Notification No. 05/2025-26 dated 23.04.2025 shall remain
unchanged. Further inputs imported by Advance Authorisation holders, Export
Oriented Units and units in SEZ shall be exempted from MIP condition subject to
condition that the imported inputs are not sold into Domestic Tariff Area
(DTA).
This issues with the approval of the
Minister of Commerce & Industry.
(Issued from F.No.
01/89/180/Misc-39/AM-05/PC-2[A]/E- 1425)