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India to test imported synthetic knitted fabrics post MIP imposition

21 Mar '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Indian Department of Customs has mandated testing for imported knitted fabrics following the imposition of a $3.50 per kg minimum import price on certain HS codes.
  • This action addresses industry concerns about potential HS code manipulation to bypass import restrictions.
  • It aims to prevent misdeclaration and ensure compliance with import policies.

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