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Government bans import of synthetic resin polymethyl methacrylate.


Date: 30-08-2019
Subject: Government bans import of synthetic resin polymethyl methacrylate
NEW DELHI: The government has banned the import of polymethyl methacrylate, with effect from September 1, commerce and industry ministry said in a notification. Polymethyl methacrylate is a 
shatterproof replacement for glass. 

"Import policy of polymethyl methacrylate is revised from free to prohibited with effect from September 1 this year," the Directorate General of Foreign Trade (DGFT) said in a notification. 

As per the existing import policy, imports of the product were free. 

India imported Rs 8.43 lakh worth of the product in the first quarter of 2019-20 compared with Rs 45.74 lakh in 2018-19. 

Source: economictimes.indiatimes.com


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