DGFT’s Minimum Import Price (MIP) exemption rules allow eligible exporters to import specified inputs under the Advance Authorisation Scheme without being subject to the applicable MIP restriction.
Imagine your business has just received its first international order. The buyer is ready, the shipment is packed, and your team is preparing the paperwork, only to discover that one important registration is missing: the Import Exporter Code (IEC).
A jewelry importer once placed a routine silver order from Thailand, the same product line they'd been importing for years without issue. Weeks later, the shipment sat stuck at customs.
