Duty-free shops beyond food safety range: FSSAI
The Dollar Business Bureau The Food Safety and Standards Authority of India (FSSAI) has stopped regulating imported food and beverages sold at duty-free shops. The decision comes as a surprise to everyone, especially after its internal department had earlier issued a warning of a probable threat of bio-terrorism as well as general safety of consumers. In January this year, the FSSAI had issued stricter guidelines on food imports to curb sub-standard foods entering into the Indian market. It had said no person shall import any food product without an import license, and no food should be cleared from the custom unless it has 60% shelf life at the point of custom clearance. The decision comes at a point when FSSAI contends against a ...
Stricter guidelines for food product imports
The Dollar Business Bureau The Food Safety and Standards Authority of India (FSSAI) on Friday outlined stricter guidelines on food imports with an aim to restrict sub-standard food products entering the domestic market. According to the new norms, no person shall import any food without an import license from the Central Licensing Authority and no food article shall be allowed to be cleared from the custom unless it has 60% shelf life at the time of its clearance from the customs. “In addition, the food importer shall also register himself with the Directorate General of Foreign Trade (DGFT) and possess valid import-export code,” the FSSAI said in its announcement. The regulatory body also said that if any importer attempts to import ...
India's veg oil imports forecast to surge 60% to $15 billion this year: ASSOCHAM
The Dollar Business Bureau | @TheDollarBiz The juggernaut of India’s veg oil imports, which started rolling in the mid-nineties following import relaxations and economic reforms, is all set to grow to mammoth proportions this year. A new report by the Associated Chambers of Commerce & Industry of India (ASSOCHAM) says that India’s spending on veg oil imports is expected to reach a record high of $15 billion in FY2014-15. This is over 60% more than what India spent in FY2013-14 (around $9.3 billion) and about 3% of India’s total imports last year. According to the report, India’s imports of veg or edible oils in the first five months of this fiscal year are already up over 53% y-o-y ...
