Continuation of Minimum Import Price (MIP) - Iron and Steel No-20
Continuation of Minimum Import Price (MIP) on 66 HS Codes of
Iron and Steel under Chapter 72 of ITC (HS), 2012 – Schedule-1
(Import Policy) : amendment in import Policy Conditions.
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 in modification of the Notification No.38/2015-2020 dated 5th February, 2016 hereby extends the applicability of Minimum Import Price (MIP) beyond 04/08/2016 on 66 HS Codes as specified in the Annex to this Notification for two months, i.e., till 4th October, 2016 subject to the following conditions.:
a) Imports under Advance Authorisation Scheme are exempted from Minimum Import Price (MIP) under this Notification;
b) MIP conditions laid down in this Notification are valid for two more months with effect from 05/08/2016 or until further orders, whichever is earlier.
2. Effect of this Notification: Minimum Import Price (MIP) for 66 HS Codes under Chapter 72 of ITC (HS), 2012 – Schedule-1 (Import Policy) as detailed in the Annex is extended till 4th October, 2016.
Director General of Foreign Trade
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Minimum Import Price (MIP) on Iron and Steel under Chapter 72 of ITC (HS), 2012