India extends the Minimum Import Price (MIP) period on virgin multi-layer paperboard

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India extends the Minimum Import Price (MIP) period on virgin multi-layer paperboard

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India extends the Minimum Import Price (MIP) period on virgin multi-layer paperboard

India extends the Minimum Import Price (MIP) period on virgin multi-layer paperboard

-MIP imposed on import of Virgin Multi-layer Paper Board (VPB) under ITC (HS) Codes 48059100, 48059200, 48059300, 48109200, and 48109900 has been extended for a period of one month i.e up to 30.04.2026

The Pulp and Paper Times

The Government’s move to extend Minimum Import Price (MIP) on Virgin Multi-layer Paper Board (VMPB) for a period on one month, marks a significant step toward protecting the domestic industry from the influx of low-priced imports. The decision is aimed at curbing unfair trade practices, particularly dumping, which has put pressure on local manufacturers’ margins and market share. By setting a price threshold, the policy seeks to create a level playing field and ensure fair competition. Industry stakeholders believe the move will help stabilize prices and improve capacity utilization across domestic mills. It is also expected to encourage investment and strengthen the long-term sustainability of the sector.

According to notifications, in exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time, and in continuation of Notification No. 26/2025- 26 dated 22.08.2025 read with Policy Circular No. 04/2025-26 dated 03.09.2026 , the Central Government hereby extends the Minimum Import (MIP) condition of specific items covered under Chapter 48 of ITC HS, 2022, Schedule -I (Import Policy), for a period of 1 month i.e. from 31.03.2026 to 30.04.2026 with all other terms.

Earlier, the Indian government imposed a Minimum Import Price (MIP) of Rs. 67,220 per tonne on Virgin Multi-layer Paper Board (VMPB) to curb cheap imports, effective until March 31, 2026. This move aims to protect domestic manufacturers from high-volume imports from countries like China, covering HS codes 48059100, 48109200, and related classifications.

According to the expert of Paper Industry, “While India’s long term demand fundamentals for paper and print remain strong, the Israel–Iran conflict highlights how geopolitical shocks can quickly ripple through global supply chains. For the Indian paper and printing industry, the coming months are likely to be marked by heightened caution, cost management, and a renewed focus on sourcing flexibility. The scenario is volatile and risky for everyone.

“Prices of all the products in India may go up by 10 to 15 % across the board but will not sustain after April if the war continues as weak local and print export demands. Possibility of heavy dumping of Imported material from China and Indonesia at competitive rate.” Expert said.

Effect of the Notification:

imposed on import of Virgin Multi-layer Paper Board (VPB) under ITC (HS) Codes 48059100, 48059200, 48059300, 48109200, and 48109900 has been extended for a period of one month i.e up to 30.04.2026