New Delhi, Aug. 23 -- The central government has amended the import policy for certain categories of paper and paperboard by introducing a Minimum Import Price (MIP) for Virgin Multi-layer Paper Board (VPB).

According to a notification issued by the Directorate General of Foreign Trade (DGFT) dated August 22, the import of VPB under HS Codes 48059100, 48059200, 48059300, 48109200, and 48109900 will now be subject to a MIP of Rs 67,220 per metric ton on a Cost, Insurance and Freight (CIF) basis.

This imposition of MIP will remain in effect till March 31, 2026, the DGFT notification said.

In June this year, the Indian Paper Manufacturer Association applied to the Directorate General of Trade Remedies (DGTR), on behalf of the domestic ind...