[ad_1]
Nevertheless, imports are banned if the value is beneath the brink. The minimal import worth (MIP) is the speed beneath which no imports are allowed.
Based on a notification of the directorate normal of overseas commerce (DGFT), imports from Bhutan are permitted by the land customs station of Jaigaon (INJIGB).
It’s also topic to a sound registration certificates issued by the DGFT for imports.
“Import of 17,000 tonnes of contemporary (inexperienced) areca nut with out minimal import worth situation shall be allowed from Bhutan yearly by LCS Jaigaon (INJIGB), topic to legitimate registration certificates issued by the DGFT,” the notification mentioned.
The directorate has additionally notified the process for the registration certificates.
In a public discover, it mentioned that for the second half of 2022-23, a pro-rata amount of 8,500 MT of contemporary (inexperienced) areca nut could also be imported with out MIP from Bhutan.
For 2023-24, a complete of 17,000 MTs could also be imported, it mentioned.
Earlier than imports, an importer should search a registration certificates (RC) from the DGFT.
Underneath an RC, the utmost amount allowed is 500 MTs.
The importer can apply for added portions as soon as the portions already registered have been duly imported.
“RC shall be legitimate for a most interval of 6 months or the tip of the monetary yr, whichever is earlier,” it added.
Karnataka is the biggest producer of areca nut, adopted by Kerala and Assam.
Home producers had earlier alleged that imports have been growing from neighbouring nations making the most of low import responsibility offered beneath SAFTA (South Asia Free Commerce Settlement).
SAFTA was carried out in 2006 between India, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka.
[ad_2]
Source link
