Amendment in Appendix-2T and Aayat Niryat Forms of FTP 2015-20
Dated October 1st, 2015 | Copy of | Public Notice No.38/2015-2020 | In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade hereby makes the following modification in Appendix - 2T as under: 2. Effect of this Public Notice : The export promotion responsibility for Sesame seed and Niger seed is being shifted from Shellac and Forest Products Export Promotion Council (SHEFEXIL) to Indian Oilseeds and Produce Export Promotion Council (IOPEPC). Sd/- (Anup Wadhawan) Director General of Foreign Trade F.No.01/93/180/52/AM-16/PC-2(B) Issued by: Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade New Delhi
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 ...
India urges China to remove import duty on oilseeds
The Dollar Business Bureau | @TheDollarBiz The Indian government has urged China to reduce duty on oilseed imports from India under provisions of the Asia-Pacific Trade Agreement (APTA) to help boost exports from India and reduce its trade deficit with China. Despite fluctuations due to weather conditions (over 60 % of production is dependent on rains), India’s oilseed production and exports have increased in the last few years. It is estimated that oilseed production reached a record high of around 328.77 lakh tonnes in FY2013-14. According to the Indian Oilseeds and Produce Export Promotion Council (IOPEPC), total oilseed exports by India surged to around 10 lakh tonnes worth around Rs.7,992 crore in FY2013-14, which is up about 66% and 160% in ...
