Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

CEPCI reiterates need for ban on import of all types of cashew kernels.


Date: 06-11-2019
Subject: CEPCI reiterates need for ban on import of all types of cashew kernels
Kochi: The Cashew Export Promotion Council of India (CEPCI) while welcoming the decision of the Indian government to pull out of RCEP has called for ban on all types cashew kernels to India.

To protect the domestic cashew industry, this council had requested the Government to ban import of all type of finished and semi - finished cashew kernels including de-shelled category and to limit the export incentives to products that has undergone transformation in India . "Now, large volumes of semi-finished kernels are dumped in India under advance authorization and duty free tariff preference scheme from African countries as well by making use of export incentives and reduction in duties  ..

The industry had big concerns of India joining RCEP, as it allows duty free import of cashew and its allied products. It would also lead to a situation where cashew kernels from non-RCEP countries to be routed through RCEP countries and later imported into India from RCEP countries at nil duties. It would have totally destroyed the Indian cashew Industry creating massive retrenchment of workforce and adversely affecting the economy of the nation as well, Bhoodes, said.

Cashew is perhaps the worst sector affected by free trade and preferential trade agreements. There already exists an anomaly in the ASEAN agreement by which the roasted cashew kernels are fully exempted from import duty while the plain cashew kernels are subject to 70% import duty. Everywhere, the value added and finished products are normally subject to a higher duty than the base products to protect the processing industry. This anomaly in import duty has resulted in mis-declared imports of pl ..

At the request of CEPCI, to protect the domestic industry, the government had introduced minimum import prices (MIP) of Rs 720/680 for wholes/broken cashew kernels respectively and hiked the import duty of cashew kernels to 70% (from 45%). This has proved helpful to the industry, he said.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 16-09-2021
Notification No.74/2021 - Customs (N.T.)
Exchange rates Notification No.74/2021-Cus (NT) dated 16.9.2021

Date: 16-09-2021
Notification No: 26/2015-2020
Last Date for Submitting applications for Scrip based FTP Schemes and validity period of Duty Credit Scrips

Date: 16-09-2021
Notification No. 27/2015-2020 – DGFT
Amendment of policy condition no.5 of Chapter 27 of ITC (HS), 2017, Schedule - I (Import Policy).

Date: 15-09-2021
Notification No. 73/2021-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-09-2021
Notification No. 50/2021-Customs (ADD)
Seeks to amend Notification No. 54/2017 -Customs(ADD) dated 17.11.2017 regarding levy of anti-dumping duty on Certain Rubber Chemicals to amend the name of exporter from "Solutia Europe SPRL/BVBA, Belgium” to “Solutia Europe BV”.

Date: 13-09-2021
NOTIFICATION No. 72/2021-Customs (N.T.)
Amendment in the Notification No. 61/94-Cus. (N.T.), dated 21-11-1994

Date: 13-09-2021
Notification No. 25/2015-2020 – DGFT
Clarification on last date of import in continuation of Notification No. 20/2015-20 dated 24.08.2021.

Date: 10-09-2021
Notification No. 42/2021-Customs
Seeks to amend the notification No. 50/ 2017 -Customs dated 30.06.2017 and notification No. dated 11/2021 dated 01.02.2021 in order to reduce and rationalise the import duties on Palm, Sunflower and Soya-bean oils

Date: 10-09-2021
Notification No. 43/2021- Customs
Seeks to rescind the notification No. 34/2021- Customs dated 29.06.2021.

Date: 10-09-2021
Instruction No.20/2021-Customs
Easing availability of containers for exporters



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001