New import policy for marble and travertine blocks
The Dollar Business Bureau The Department of Commerce and the Customs department of India have via notification no- 49/2016-CUSTOMS dated 16th September 2016, notified of the new import policy for Marble & Travertine Blocks and Marble and Granite slabs that will come into effect from 1st October 2016. According to the new notification, the following changes have been made to the import licensing system for marble and travertine blocks. Rough Marble and Travertine Blocks: The Quantitative Restriction on the import of Rough Marble & Travertine Blocks, and the associated cumbersome administrative functions of the import licensing system has been brought to an end under the new policy coming into effect from 1st October 2016. The Minimum Import Price (MIP) for import of ...
US, EU question Indias apple import policy
The Dollar Business Bureau European Union and the United States raised concerns over India’s recent policy to limit the entry of imported apples to only the Jawaharlal Nehru Port (Nhava Sheva) in Navi Mumbai and questioned India of distorting trade compliance under its WTO commitments. They requested India to give further information on the consequences if apples are imported through other ports, i.e. Chennai, Kolkata and Krishnapatnam. “The US meanwhile said the measure has so far "had an impact on trade" and took issue over the lack of a comment period before the new policy was implemented. New Zealand, Chile, and Australia also echoed these concerns,” the global body said in a statement. In reply, India said that the measure doesn’t ...
