The Directorate General of Foreign Trade (DGFT) has notified the imposition of Minimum Import Price (MIP) for Soda Ash.
The import policy hence has been revised to “restricted” from “free”. The product can be imported into India freely only if CIF value is INR 20,108 or above.
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.
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.
Notification No. 46 /2024-25
Date: 30/12/2024
Mariya is the Senior Editor at Juris Hour. She has 5+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started as a freelance tax reporter in the leading online legal news companies like LiveLaw & Taxscan.
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