India extends minimum import price on virgin multi-layer paper board till September 2026

The Directorate General of Foreign Trade (DGFT) has extended the Minimum Import Price (MIP) condition on imports of Virgin Multi-layer Paper Board (VPB) under Chapter 48 of ITC HS 2022 till 30 September 2026.

According to the latest notification issued by the Ministry of Commerce & Industry, the existing MIP of INR 67,220 per metric tonne on CIF value will continue for imports under ITC (HS) Codes 48059100, 48059200, 48059300, 48109200 and 48109900.

The extension follows earlier DGFT Notification No. 26/2025-26 dated 22 August 2025 and Notification No. 69/2025-26 dated 31 March 2026, with all previous conditions remaining unchanged.

Industry sources say the continuation of MIP is aimed at protecting domestic paper and packaging manufacturers from lower-priced imports while supporting local production stability amid fluctuating global pulp and packaging markets.

Virgin Multi-layer Paper Board is widely used in packaging applications across FMCG, pharmaceuticals, food products and industrial sectors. The policy extension is expected to impact import sourcing strategies, particularly for traders and packaging converters dependent on overseas supplies.

The notification has been issued under powers conferred by the Foreign Trade (Development & Regulation) Act, 1992 and Foreign Trade Policy 2023.