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of <h1>India Extends Minimum Import Price on Iron and Steel Products Until February 2017 Under Foreign Trade Policy.</h1> The Government of India has extended the Minimum Import Price (MIP) on 19 Harmonized System (HS) Codes related to iron and steel products under Chapter 72 of the ITC (HS), 2012 - Schedule 1 (Import Policy) until February 4, 2017. This extension, enacted under the Foreign Trade Policy 2015-2020, applies to specific flat-rolled products of iron, non-alloy steel, and other alloy steel, with varying MIP conditions based on product specifications. The MIP is set on a Cost, Insurance, and Freight (CIF) basis, with prices ranging from $643 to $752 per metric ton, depending on the product category.
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