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25-Aug-2025 11:27
Paper stocks rally as Centre sets Minimum Import Price on virgin multi-layer paper board
The Directorate General of Foreign Trade (DGFT), through a notification dated 22 August, amended the import policy for certain paper and paperboard categories, fixing the MIP at Rs 67,220 per metric tonne on a cost, insurance, and freight (CIF) basis till 31 March 2026. The MIP applies under ITC (HS) Codes 48059100, 48059200, 48059300, 48109200 and 48109900. Imports will continue to require registration under the Paper Import Monitoring System (PIMS), while stock lot imports remain prohibited.
The Indian Paper Manufacturer Association had approached the Directorate General of Trade Remedies (DGTR) in June, seeking an anti-dumping probe into imports of VPB from Indonesia.
Analysts noted that raw material prices have been stable for paper companies, while demand is expected to pick up on the back of festive season packaging requirements, education-related consumption, and NCERT textbook changes. With capacity expansions underway and Q3-Q4 being seasonally strong quarters for the sector, the policy change is seen as further strengthening domestic paper makers.
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