DGFT Imposes MIP on Synthetic Knitted Fabrics, Revises Import Policy Conditions [Read Notification]
DGFT imposes a Minimum Import Price of USD 3.5/kg on synthetic knitted fabrics and revises the import policy condition to ‘Restricted’
![DGFT Imposes MIP on Synthetic Knitted Fabrics, Revises Import Policy Conditions [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/Synthetic-Knitted-Fabrics-DGFT-TAXSCAN.jpg "DGFT Imposes MIP on Synthetic Knitted Fabrics, Revises Import Policy Conditions [Read Notification]")
The Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce & Industry issued Notification No. 05/2025-26 dated 23 April 2025, imposing a Minimum Import Price (MIP) on synthetic knitted fabrics to regulate imports and support domestic industries. The DGFT also revised the import policy conditions for synthetic knitted fabrics falling under Chapter 60 of the ITC (HS),...
The Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce & Industry issued Notification No. 05/2025-26 dated 23 April 2025, imposing a Minimum Import Price (MIP) on synthetic knitted fabrics to regulate imports and support domestic industries. The DGFT also revised the import policy conditions for synthetic knitted fabrics falling under Chapter 60 of the ITC (HS), 2022 classification.
According to the notification, synthetic knitted fabrics classified under ITC (HS) codes 60019200, 60053600, 60053790, and 60053900 will now have an imposed MIP of USD 3.5 per kilogram. Imports priced below this value will be categorized as 'restricted', whereas fabrics imported at or above the specified CIF (Cost, Insurance, Freight) price will continue to enjoy 'free' import status.
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| ITC (HS) Code | Item Description | Import Policy | Condition |
| 60019200 | Other: Of man-made fibres | Restricted | Import is ‘Free’ if CIF value is USD 3.5 and above per Kilogram |
| 60053600 | Of synthetic fibres: Other, unbleached or bleached | Restricted | Import is ‘Free’ if CIF value is USD 3.5 and above per Kilogram |
| 60053790 | Other | Restricted | Import is ‘Free’ if CIF value is USD 3.5 and above per Kilogram |
| 60053900 | Of synthetic fibres: Other, printed | Restricted | Import is ‘Free’ if CIF value is USD 3.5 and above per Kilogram |
Exemptions from MIP
The notification further clarifies that the MIP condition will not apply to:
- Advance Authorisation holders
- Export Oriented Units (EOUs)
- Units located in Special Economic Zones (SEZs)
However, these exemptions are subject to the critical condition that the imported inputs must not be sold into the Domestic Tariff Area (DTA). This policy revision will remain in effect until 31 March 2026.
To Read the full text of the Notification CLICK HERE
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