The DGFT has updated the import policy for clear float glass, setting a Minimum Import Price (MIP), allowing free imports at CIF values of INR 34,000 or more per MT for one year. This policy aims to regulate the glass import market.
DGFT Adjusts Import Policy for Clear Float Glass
The Directorate General of Foreign Trade (DGFT) has revised its import policy concerning clear float glass by imposing a Minimum Import Price (MIP). Under this new policy, imports classified under HS Codes 70051090 and 70052990 can proceed freely if the Cost, Insurance, and Freight (CIF) value is INR 34,000 or more per metric ton for one year.
The DGFT's decision is intended to stabilize the domestic market against international price fluctuations and promote local manufacturers by ensuring that imported products do not undercut local pricing significantly. This initiative reflects regulatory measures to enhance competitiveness while safeguarding industry interests.
Importers and businesses engaged in the glass trade should be aware of this revised policy, as it sets critical pricing benchmarks that may affect procurement strategies and overall supply chain economics for clear float glass in the market.
Citations
- DGFT Order (2026) TaxScan
