The Directorate General of Foreign Trade (DGFT) has extended the Minimum Import Price (MIP) condition for specific items under Chapter 29 of the ITC HS, 2022, Schedule-I (Import Policy). This extension is outlined in Notification 39/2026-27, dated September 30, 2026.
This extension affects importers dealing with chemicals and other items classified under Chapter 29. The MIP condition can influence the cost and timing of imports, as it sets a floor price for certain goods. Importers need to verify if their specific goods fall under this chapter and how the extension impacts their import strategy.
1) Open the official notice here
2) Check whether your CTH, documents or policy line is touched
3) Ask Neo's CHA before changing Bill of Entry or Shipping Bill practice