This notification is issued in exercise of powers conferred by Section 3 and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, read with the Foreign Trade Policy, 2023, as amended. It amends the import policy of ITC (HS) Code 39041020 (Suspension grade PVC resin) covered under Chapter 39 of ITC (HS), 2022, Schedule-I (Import Policy).

The import policy for ITC (HS) Code 39041020 (Suspension grade PVC resin) has been revised from “Free” to “Restricted.” Import of Suspension grade PVC Resin (S-PVC) having CIF Value more than USD 0.766 per Kilogram remains Free for a period of six months from the date of publication of this Notification. Import of S-PVC having CIF Value less than or equal to USD 0.766 per Kilogram is Restricted for the same six-month period. This Minimum Import Price condition does not apply to import by 100% Export Oriented Units (EOUs), units in the SEZ, and imports under the Advance Authorisation Scheme, subject to the condition that the imported inputs are not sold into the Domestic Tariff Area (DTA).

This notification is issued with the approval of the Minister of Commerce & Industry, signed by Lav Agarwal, Director General of Foreign Trade & Ex-officio Additional Secretary to the Government of India. File No. 01/89/180/105/AM-25/PC-2(A)/[E-45540].