The Directorate General of Foreign Trade (DGFT), on February 05, 2026, issued an amendment in Import Policy and Policy condition of Umbrellas covered under Chapter 66 of Schedule -I (Import Policy) of ITC (HS) 2022.
The following has been stated:-
• Minimum Import Price (MIP) condition on above items shall not be applicable for imports by Advance Authorisation holders, Export Oriented Units (EOUS) and units in the SEZ subject to the condition that the imported items under the above ITC (HS) Codes are not sold into Domestic Tariff Area (DTA).
• Effect of the Notification: The Import Policy and Policy Condition of Finished Umbrellas under ITC (HS) Codes 66019100 and 66019900 are revised from "Free" to "Restricted". However, import shall be "Free" if the CIF value is 100 and above per piece. Further, imported items under these two ITC (HS) Codes by Advance Authorisation holders, EOUS, and SEZ shall be exempted from the MIP condition.
[Notification No. 57/2025-26]
