https://www.taxtmi.com/circulars?id=54276 Imports of iron and steel on or after 5 February 2016 must have a unit CIF/landed value equal to or above the specified Minimum Import Price; consignments below that value are restricted and cannot be cleared by paying duty on the MIP. Shipment date governs applicability, exemptions apply only to letters of credit entered before the Notification subject to Para 1.05(b) of the Foreign Trade Policy, and irrevocable letters of credit must be registered with the jurisdictional Regional Authority within 15 days. en-us Wed, 10 Feb 2016 00:00:00 +0530 Wed, 10 Feb 2016 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54276 Imports of iron and steel on or after 5 February 2016 must have a unit CIF/landed value equal to or above the specified Minimum Import Price; consignments below that value are restricted and cannot be cleared by paying duty on the MIP. Shipment date governs applicability, exemptions apply only to letters of credit entered before the Notification subject to Para 1.05(b) of the Foreign Trade Policy, and irrevocable letters of credit must be registered with the jurisdictional Regional Authority within 15 days. Circulars DGFT Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54276