CBDT Approves Sri Paripoorna Sanathana Trust for Income Tax Benefits on Scientific Research Contributions

The Directorate General of Foreign Trade (DGFT) has imposed a Minimum Import Price (MIP) on soda ash under ITC Chapter 28 to curb cheap imports that may affect domestic industries. This move aims to protect local manufacturers from unfair competition posed by low-priced imports. The MIP will ensure that imports of soda ash are priced at a level that is fair to domestic producers, ensuring the stability of the local market. The policy is part of the government’s broader strategy to protect and promote domestic industries while balancing international trade obligations.