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India imposes minimum import price on clear float glass to restrict cheaper imports

Imports priced at or above Rs 34,000 per tonne on a CIF basis will continue to be permitted, while shipments below the threshold will face the new restriction. The minimum import price will remain in force for one year from the date of publication of the notification

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Representational Image. Pic: Pexels

Representational Image. Pic: Pexels

India has imposed a minimum import price of Rs 34,000 per metric tonne on clear float glass for one year, a move that could benefit domestic producers, including Saint-Gobain and Asahi India, by curbing lower-priced imports.

The Directorate General of Foreign Trade, in a notification dated August 18, changed the import policy for clear float glass of 4 mm to 12 mm thickness under ITC (HS) codes 70051090 and 70052990 from "Free" to "Restricted."

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