The Directorate General of Foreign Trade (DGFT) has just issued a significant amendment to India’s import policy that will fundamentally reshape the landscape for consumer goods importers and domestic manufacturers.
Under Notification No. 57/2025-26 (dated February 5, 2026), the Indian Government has officially implemented a Minimum Import Price (MIP) of ₹100 per piece on finished umbrellas (HS Codes 66019100 and 66019900).
Key Takeaways:
- Policy Pivot: These items have moved from the “Free” to the “Restricted” category. Imports are now only permitted without a license if the CIF value is ₹100 or higher.
- Fiscal Synergy: This move complements the Union Budget 2026-27 hike, which raised Basic Customs Duty (BCD) to 20% or ₹60 per piece (whichever is higher).
- Targeted Impact: With China currently supplying over 95% of India’s umbrellas, this dual-layered protection (MIP + specific duty) is a clear strategic push for the “Make in India” initiative, aimed at curbing low-cost, high-volume inflows.
- Exemptions: Critically, the MIP does not apply to Advance Authorisation holders, EOUs, or SEZ units, provided the goods are not sold in the Domestic Tariff Area (DTA).
For supply chain leaders, this necessitates an immediate review of procurement costs and vendor compliance. Low-cost sourcing models in this category may no longer be viable under the new regulatory floor.
Official announcement from DGFT: