The Directorate General of Foreign Trade (DGFT), Department of Commerce, Ministry of Commerce and Industry, has issued Notification No. 25/2026-27 dated 24 July 2026, amending the import policy for Suspension Grade Polyvinyl Chloride Resin, commonly known as Suspension Grade PVC Resin or S-PVC, falling under ITC (HS) Code 39041020 of Chapter 39 of ITC (HS), 2022, Schedule-I (Import Policy). The amendment has come into force with immediate effect.
The Notification has been issued in exercise of the powers conferred by Sections 3 and 5 of the Foreign Trade (Development and Regulation) Act, 1992, read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2023, as amended from time to time.
Under the amended policy, the import status of S-PVC under ITC (HS) Code 39041020 has been revised from “Free” to “Restricted”, subject to a specified Minimum Import Price and exemptions.
Import of Suspension Grade PVC Resin having a CIF value of more than USD 0.766 per kilogram will continue to remain “Free” for a period of six months from the date of publication of the Notification.
Import of S-PVC having a CIF value of less than or equal to USD 0.766 per kilogram has been placed under the “Restricted” category for a period of six months from the date of publication of the Notification. Such imports will accordingly require compliance with the applicable requirements governing restricted goods.
The Minimum Import Price condition will not apply to imports undertaken by:
- 100 per cent Export Oriented Units;
- Units situated in Special Economic Zones; and
- Importers operating under the Advance Authorisation Scheme.
The exemption available to EOUs, SEZ units and Advance Authorisation holders will be subject to the condition that the imported inputs are not sold in the Domestic Tariff Area. The exemption is therefore intended for inputs imported for authorised export-oriented production and operations.
The measure introduces a temporary price-based import policy framework for S-PVC. It distinguishes between imports above the prescribed CIF threshold, which remain free, and imports at or below the threshold, which will be regulated under the restricted category.
The revised import policy will remain applicable for six months from the date of publication of the Notification. The Notification has been issued with the approval of the Minister of Commerce and Industry.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2026/07/Noti-25-E.pdf
