India bans apple imports except from Bhutan
New Delhi: The Centre has imposed a ban on apple imports that have a Cost, Insurance, and Freight (CIF) import price equal to or lower than Rs 50 per kilogram as it altered the import policy from "free" to "prohibited".
However, this ban will not be applicable to apple imports from Bhutan.
In a notification, the Directorate General of Foreign Trade (DGFT) said, “Import of apples…is Prohibited' wherever the CIF Import Price is less than equal ot Rs 50/- per kilogram. Minimum Import Price conditions shall not be applicable for imports from Bhutan.”
There have been repeated demands by apple farmers in Kashmir for a ban on the import of Iranian apples, as it was causing a decline in the prices of domestically produced apples.
India has been importing apples worth hundreds of millions of dollars with Turkey, Italy, Iran and Chile being the top sources.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
KL Rahul slams century, India take comfortable lead over West Indies
Sonam Wangchuk's wife moves Supreme Court challenging activist's detention under NSA
India will never allow any humiliation: Putin praises 'balanced and wise leader' Modi slamming US tariffs
Ontario cinema cancels Kantara, They Call Him OG shows after arson, shooting
