Amendment to Import Policy for Chapter 48 Products Announced

by preface

August 27, 2025

DGFT, Notification

_{The Central Government, exercising powers under the Foreign Trade (Development & Regulation) Act, 1992, read with FTP 2023, has amended the Import Policy Conditions for specific items under Chapter 48 (Paper & Paperboard) of ITC (HS), 2022 (Schedule I – Import Policy), with immediate effect.}

_{The amendments introduce compulsory registration under the Paper Import Monitoring System (PIMS) for certain paper categories and impose a Minimum Import Price (MIP) of INR 67,220 per MT (CIF value) for imports of Virgin Multi-layer Paper Board (VPB), effective till 31st March 2026.}

_{Amendment Details:}

_{HS Code}	_Description	_{Import Policy}	_{Existing Policy Condition}	_{Revised Policy Condition}
_48059100	_{Other: Weighing 150 g/m or less}	_Free	_{Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter}	₁₎_{1. Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter.} ₂₎_{However, import of Virgin Multi-layer Paper Board (VPB) having a CIF value less than INR 67,220/ MT is “Restricted” till 31.03.2026.}
_48059200	_{Other: Weighing more than 150 g/m but less than 225 g/m}	_Free	_{Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter}	₁₎_{Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter.} ₂₎_{However, import of Virgin Multi-layer Paper Board (VPB) having a CIF value less than INR 67,220/ MT is “Restricted” till 31.03.2026.}
_48059300	_{Other: Weighing 225g/m or more}	_Free	_{Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter}	₁₎_{Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter.} ₂₎_{However, import of Virgin Multi-layer Paper Board (VPB) having a CIF value less than INR 67,220/ MT is “Restricted” till 31.03.2026.}
_48109200	_{-Other paper and paperboard:- Multi-ply}	_Free	₁₎_{Import of Stock lot is Prohibited (Notification No. 45/2015-2020 dated 31/01/2020).} ₂₎_{However, Import of other items are Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter.}	₁₎_{Import of Stock lot is Prohibited (Notification No. 45/2015-2020 dated 31/01/2020).} ₂₎_{However, Import of other items are Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter.} ₃₎_{However, import of Virgin Multi-layer Paper Board (VPB) having a CIF value less than INR 67,220/ MT is “Restricted” till 31.03.2026.}
_48109900	_{Other paper and paperboard:- Other}	_Free	₁₎_{Import of Stock lot is Prohibited (Notification No. 45/2015-2020 dated 31/01/2020).} ₂₎_{However, Import of other items are Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter.}	₁₎_{Import of Stock lot is Prohibited (Notification No. 45/2015-2020 dated 31/01/2020).} ₂₎_{However, Import of other items are Free subject to Compulsory Registration under Paper Import Monitoring System (PIMS) as per policy condition 04 of this Chapter.} ₃₎_{However, import of Virgin Multi-layer Paper Board (VPB) having a CIF value less than INR 67,220/ MT is “Restricted” till 31.03.2026.}

_{Effect of Notification:}

_{Compulsory registration under PIMS}_{made applicable to additional paper items under Chapter 48.}
_{Minimum Import Price (MIP)}_{of INR 67,220 per MT (CIF) imposed for Virgin Multi-layer Paper Board (VPB) under HS Codes 48059100, 48059200, 48059300, 48109200, and 48109900.}
_{Imports of VPB below the prescribed CIF value are restricted till 31st March 2026.}

Notification Reference: DGFT
Notification No.26 /2025-26
22 /08/2025

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