Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
DGFT Notifies Import Restriction on ATS-8, CIF Value Below $111/Kg Restricted Till Sept 30, 2026
The Directorate General of Foreign Trade (DGFT) has amended the Import Policy under Chapter 29 of ITC (HS), 2022, Schedule–I, imposing restrictions on the import of ATS-8 (4R-Cis)-1, 1-Dimethylethyl-6-cyanomethyl-2, 2-dimethyl-1-3-dioxane-4-acetate) with a Cost, Insurance, and Freight (CIF) value of less than US$111 per kilogram. This restriction, effective immediately, will remain in place until 30th September 2026. The amendment introduces a Minimum Import Price (MIP) protection for the product. However, the MIP condition does not apply to inputs imported by holders of Advance Authorization, Export Oriented Units (EOUs), and units located in Special Economic Zones (SEZs), provided these inputs are not diverted or sold in the Domestic Tariff Area (DTA). This move underscores the government's intent to regulate low-value imports of ATS-8 while ensuring uninterrupted supply for export promotion schemes.