New Delhi, July 24 -- The government on Friday restricted imports of low-priced suspension-grade PVC resin for six months by imposing a minimum import price, while exempting export-orientated units, SEZs and certain export-linked schemes from the restriction.

In a notification issued by the Directorate General of Foreign Trade (DGFT), the Ministry of Commerce and Industry changed the import policy for Suspension Grade PVC Resin (S-PVC) under ITC (HS) Code 39041020 from "Free" to "Restricted", with immediate effect.

The notification said, "Import of Suspension grade PVC Resin (S-PVC) having CIF Value more than USD 0.766 per Kilogram is Free for a period of six months from the date of publication of this Notification." This means imports ...