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Govt Extends Minimum Import Price on Key Pharma Raw Materials
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News18•30-09-2026, 19:45
Govt Extends Minimum Import Price on Key Pharma Raw Materials
- •The government has extended the minimum import price (MIP) on two crucial pharma sector raw materials.
- •The Directorate General of Foreign Trade (DGFT) issued separate notifications regarding the extension.
- •An MIP of USD 111 per kg on ATS-8 and USD 1,774 per kg on Sulfadiazine API has been extended.
- •The extended MIPs will remain in effect until November 30 this year.
- •MIPs are set by the government to establish the lowest allowed price for imported goods, preventing imports below this threshold or imposing higher duties.
Key Questions Answered
The government has extended the minimum import price (MIP) for two pharmaceutical sector raw materials, setting an MIP of USD 111 per kg on ATS-8 and USD 1,774 per kg on Sulfadiazine API.
The minimum import prices for ATS-8 and Sulfadiazine API have been extended until November 30 of this year.
An MIP is the lowest-allowed price set by the government for goods purchased from other countries. When goods fall below this specified price threshold, imports are either prohibited entirely or allowed only with higher duties attached.
