India extends minimum import price on natural honey to $1,400/tonne until Dec 31, 2026
Importers' customs teams must price shipments to meet $1,400/tonne MIP
Change
India's Directorate General of Foreign Trade extended the minimum import price for natural honey to USD 1,400 per metric ton on a freight-on-board (FOB) basis, with validity through December 31, 2026.
Why it matters
Customs authorities will apply the USD 1,400/tonne floor when assessing import valuation, creating a clearance block for consignments invoiced below that level. Because the MIP is specified on a freight-on-board basis, inbound shipments with FOB invoices under the floor will trigger port valuation checks and potential clearance delays.
Implications
- — Customs clearance teams at firms importing natural honey — must revise customs invoice declarations immediately to reflect the USD 1,400/tonne FOB MIP — consignments declared below this value will face valuation checks and clearance delays.
- — Procurement teams at food processors and packers sourcing imported honey — must confirm supplier pro forma invoices and purchase contracts now meet or exceed the USD 1,400/tonne MIP before shipment — purchases priced below risk non-clearance and higher landed costs.
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