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Core Purpose

Imposes a minimum import price of Rs. 20,108 per metric ton on import of soda ash under specific ITC (HS) codes until June 30, 2025.

Detailed Summary

This notification issued by the Ministry of Commerce and Industry, Directorate General of Foreign Trade, revises the import policy for soda ash, specifically disodium carbonate, under Chapter 28 of ITC (HS) 2022, Schedule-I (Import Policy). It imposes a Minimum Import Price (MIP) of Rs. 20,108 per metric ton for ITC(HS) codes 28362010, 28362020, and 28362090, changing the import policy from 'Free' to 'Restricted' until June 30, 2025. However, imports with a CIF value of Rs. 20,108 or above per metric ton will remain 'Free'. This revision is made under powers derived from the Foreign Trade (Development & Regulation) Act, 1992 and the Foreign Trade Policy 2023. The existing 'Free' import policy will resume from July 1, 2025, unless further amended.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-01012025-259789 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 5224] NEW DELHI, TUESDAY, DECEMBER 31, 2024/PAUSHA 10, 1946 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (Directorate General of Foreign Trade) NOTIFICATION New Delhi, the 30th December 2024 No. 46 /2024-25 Subject: Imposition of Minimum Import Price (MIP) on import of Soda Ash covered under Chapter 28 of ITC (HS) 2022, Schedule –I (Import Policy) -regarding. S.O. 5644 (E): In exercise of powers conferred by Section 3 read with 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, the Central Government hereby revises the Import Policy and Import Policy Condition of the following ITC(HS) Codes covered under Chapter 28 of ITC (HS) 2022, Schedule-I (Import Policy), up to 30th June 2025, as under: +------------+---------------------------+------------------------+-----------------------+---------------------------+-----------------------------------------------------------+ | ITC(HS) | Item | Existing | Revised | Existing | Revised Policy condition | | Code | Description | Import | Import Policy | Policy | | | | | Policy | | condition | | +============+===========================+========================+=======================+===========================+===========================================================+ | 28362010 | - Disodium | Free | Restricted | - | However, import is 'Free' if CIF value is Rs. 20,108 or | | | carbonate, dense | | | | above per MT | +------------+---------------------------+------------------------+-----------------------+---------------------------+-----------------------------------------------------------+ | 28362020 | - Disodium | Free | Restricted | - | However, import is 'Free' if CIF value is Rs. 20,108 or | | | carbonate, light | | | | above per MT | +------------+---------------------------+------------------------+-----------------------+---------------------------+-----------------------------------------------------------+ | 28362090 | - Other | Free | Restricted | - | However, import is 'Free' if CIF value is Rs. 20,108 or | | | | | | | above per MT | +------------+---------------------------+------------------------+-----------------------+---------------------------+-----------------------------------------------------------+ 2. The existing 'Free' Import Policy, as it stands prior to the issuance of this Notification, shall be in effect starting from 1st July 2025, unless expressly amended by subsequent notification. Effect of the Notification: Minimum Import Price (MIP) of Rs. 20,108 per MT is imposed on Disodium Carbonate (Soda Ash) covered under Chapter 28 of ITC (HS) 2022, Schedule–I (Import Policy), up to 30th June 2025. This is issued with the approval of Minister of Commerce & Industry. [ F.No. 01/89/180/04/AM-24/PC-2[A]/E-39595] SANTOSH KUMAR SARANGI, Director General of Foreign Trade & Ex- officio Addl. Secy.

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