DGFT Imposes Minimum Import Price (MIP) for Soda Ash Under ITC Chapter 28

The Directorate General of Foreign Trade (DGFT) has introduced a Minimum Import Price (MIP) on soda ash under ITC Chapter 28 to curb cheap imports that could harm domestic industries. The MIP will set a minimum price for soda ash imports, preventing dumping of lower-priced goods that could negatively impact local manufacturers. This measure aims to create a fair market environment, protecting domestic businesses from unfair competition, while ensuring that international trade obligations are met. It aligns with the government's broader strategy to support and boost the local manufacturing sector.