Under - Invoiced Imports of Synthetic knitted fabrics ( Under Chapter 60) + Misdeclaration of HS codes at Indian
ports: A Humble Appeal to the Hon’ble PM to Save the Indian Textile Industry.
The Northern India Textile Mills’ Association (NITMA) has been highlighting the grave issue of under-invoiced imports of synthetic knitted fabrics that is causing irreversible damage to the domestic textile industry. Today, in a humble appeal to Prime Minister Narendra Modi Ji, NITMA has requested the Hon’ble PM for his kind intervention to address the issue and put a stop on these Under-invoiced Imports of Synthetic Knitted Fabric (under Chapter 60) & Misdeclaration of HS codes at the Indian ports.
The appeal made by Khanna, comprised a list of importers effecting these under-priced fabrics , who are are circumventing HS codes to import the fabric at a price around $1 per kg whereas the true
price ranges between $ 4-6/Kg globally.
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The Government , earlier this month, had extended the imposition of the Import Price (MIP) of US$ 3.50 per Kg on 13 specific HSN codes of SKF, upto 31.03.2025.
Khanna, while truly applauding the MoT & Min of Commerce & Industry for imposing a MIP up to 31.03.2025, informed that that despite the governments’ commendable & relentless efforts to
curb these under- priced imports the import quantities have actually been increasing substantially instead of decreasing
, which can be seen by the following numbers.
Jan - Mar 2024 : 89 Mn kgs Apr - Jun 2024 : 81 Mn kgs July - Sept 2024 : 130 Mn kgs.
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The data above clearly indicates that following the implementation of Minimum Import Prices (MIP), importers have
shifted their imports to other Non-MIP HS codes within chapter 60. This shift has rendered the current method of
Enforcing MIP on specific HS codes is ineffective.
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In conclusion, Khanna humbly appealed to the Honorable Prime Minister to intervene in the matter by launching a
comprehensive investigation campaign into these instances of under-invoiced Imports of Synthetic Knitted Fabric (under
Chapter 60) & Mis-Declaration of HS Codes at the Indian Ports.
It is crucial that a clear message be conveyed to importers who have blatantly flouted trade regulations, thereby undermining the integrity of the Indian trade system. Their actions not only compromise fair competition but also erode trust in the market.