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Core Purpose

This notification amends the import policy for Suspension grade PVC resin (S-PVC) covered under ITC (HS) Code 39041020 of Chapter 39 of ITC (HS), 2022, Schedule-I (Import Policy).

Detailed Summary

The Ministry of Commerce and Industry (Department of Commerce), through the Directorate General of Foreign Trade, issued Notification No. 25/2026-27, S.O. 4060(E) on July 24, 2026, amending the import policy for Suspension grade PVC resin (S-PVC) under ITC (HS) Code 39041020 of Chapter 39 of ITC (HS), 2022, Schedule-I (Import Policy), effective immediately. Exercising powers under Sections 3 and 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2023, the Central Government changed the import policy from 'Free' to 'Restricted' for this item. Specifically, the import of S-PVC with a CIF Value less than or equal to USD 0.766 per Kilogram is restricted for six months from the notification's publication date. Conversely, S-PVC with a CIF Value more than USD 0.766 per Kilogram remains 'Free' for the same six-month period. This restriction does not apply to imports by 100% Export Oriented Units (EOUs), units in Special Economic Zones (SEZ), or under the Advance Authorisation Scheme, provided the imported inputs are not sold into the Domestic Tariff Area (DTA). The notification was issued with the approval of the Minister of Commerce & Industry and signed by Lav Agarwal, Director General of Foreign Trade.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-24072026-274781 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 3890] NEW DELHI, FRIDAY, JULY 24, 2026/SHRAVAN 2, 1948 5631 GI/2026 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 24th July, 2026 No. 25/2026-27 Subject: Amendment in Import Policy of Suspension grade PVC resin (S-PVC) covered under ITC (HS) code 39041020 of Chapter 39 of ITC (HS), 2022, Schedule-I (Import Policy)-reg. S.O. 4060(E).—In exercise of the powers conferred by Section 3, Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and paragraph 2.01 of the Foreign Trade Policy, 2023, as amended from time to time, the Central Government hereby amends the import Policy of ITC (HS) Code 39041020 covered under Chapter 39 of ITC (HS) 2022, Schedule-I (Import Policy) with immediate effect: +-----------+-----------------------+---------------------+---------------------------------+-------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+ | ITC (HS) | Item | Existing | Existing | Revised | Revised Import Policy Condition | | Code | Description | Import | Import | Import | | | | | Policy | Policy Condition | Policy | | +===========+=======================+=====================+=================================+=========================+===========================================================================================================================================================================================================================================================================================================================+ | 39041020 | Suspension | Free | | Restricted | (a) However, import of Suspension grade | | | grade PVC | | | | PVC Resin (S-PVC) having CIF Value more | | | resin | | | | than USD 0.766 per Kilogram is Free for a | | | | | | | period of six months from the date of | | | | | | | publication of this Notification | | | | | | | | | | | | | | (b) The Minimum Import Price at (a) above, | | | | | | | however, will not be applicable for import by | | | | | | | 100% Export Oriented Units (EOUs), units in | | | | | | | the SEZ and under the Advance | | | | | | | Authorisation Scheme, subject to the | | | | | | | condition that the imported inputs are not | | | | | | | sold into the Domestic Tariff Area (DTA). | +-----------+-----------------------+---------------------+---------------------------------+-------------------------+---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+ Effect of this Notification: The import of Suspension grade PVC Resin (S-PVC) falling under ITC (HS) Code 39041020, having CIF Value of less than or equal to USD 0.766 per Kilogram is “Restricted” for a period of six months from the date of publication of this Notification. However, this restriction will not be applicable for import by 100% Export Oriented Units (EOUs), units in the SEZ and imports under the Advance Authorisation Scheme, subject to the condition that the imported inputs are not sold into the Domestic Tariff Area (DTA). This is issued with the approval of the Minister of Commerce & Industry. [F. No. 01/89/180/105/AM-25/PC-2(A)/[E-45540] LAV AGARWAL, Director General of Foreign Trade & Ex-officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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