Alternate statutory remedy governs GST assessment challenge, with statutory appeal preserved and limitation objection barred for the permitted filing ...
A trade regulator clarifies that the Minimum Import Price (MIP) of INR 67,220 per MT (CIF) on Virgin Multi-layer Paper Board, imposed by recent notification, remains effective until 31.03.2026, but imports by 100% Export Oriented Units and units in Special Economic Zones are exempt provided the goods are not sold into the Domestic Tariff Area; imports under Advance Authorization or Duty-Free Import Authorization schemes are also exempt. Customs formations and trade are notified to implement these provisions and warned that deviations will attract penal action.
A trade regulator clarifies that the Minimum Import Price (MIP) of INR 67,220 per MT (CIF) on Virgin Multi-layer Paper Board, imposed by recent notification, remains effective until 31.03.2026, but imports by 100% Export Oriented Units and units in Special Economic Zones are exempt provided the goods are not sold into the Domestic Tariff Area; imports under Advance Authorization or Duty-Free Import Authorization schemes are also exempt. Customs formations and trade are notified to implement these provisions and warned that deviations will attract penal action.
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