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India to test imported synthetic knitted fabrics post MIP imposition

21 Mar '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Indian Department of Customs has mandated testing for imported knitted fabrics following the imposition of a $*.** per kg minimum import price on certain HS codes.
  • This action addresses industry concerns about potential HS code manipulation to bypass import restrictions.
  • It aims to prevent misdeclaration and ensure compliance with import policies.

The Commissioner of Customs (NS-III), based at Jawaharlal Nehru Custom House, Nhava Sheva, has issued a directive to subordinates regarding the compulsory testing of knitted fabrics to verify their composition and classification. Previously, The Directorate General of Foreign Trade (DGFT) had issued a notification imposing an MIP of $*.** per kg on five specific HS codes of synthetic knitted fabrics, namely ********, ********, ********, ********, and ********. This notification took immediate effect and will remain in force until September **, ****.

However, there were industry concerns about the potential manipulation of HS codes in the import of synthetic knitted fabric to bypass the MIP provisions. To address these concerns, the department has introduced mandatory testing to determine the composition of the imported goods.

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