AP, TN, Maha get timeline to complete red sanders export process
The Dollar Business Bureau The Ministry of Commerce has set timelines for the state governments of Andhra Pradesh, Tamil Nadu and Maharashtra to complete modalities and export procedure for Red Sanders wood. Andhra Pradesh has been given time till April 30, 2019, whereas Tamil Nadu and Maharashtra have been allowed till August 31, 2018, for finalising the modalities and completion of the export process of this wood. “Time upto August 31, 2018 has been allowed to the governments of Maharashtra and Tamil Nadu to finalise the modalities and complete the process of export of respective allocated quantity of Red Sanders Wood,” the Directorate General of Foreign Trade (DGFT) has said in a notification (No.08/2015-2020) issued on Tuesday. Time till April 30, next year has ...
Rising imports hinder growth of Indias paper industry
Sai Nikesh | The Dollar Business Large scale new investments planned in India’s paper industry with an estimated current turnover of Rs 50,000 crore, have been put on a backburner as a result of rise in cheap imports, Indian Paper Manufacturers’ Association (IPMA) told The Dollar Business, on Thursday. In this regard, it said, “We have asked the government to impose 10% special additional duty on imports of paper and paperboard on actual use basis and for bringing the basic customs duty on import of the same from ASEAN countries back to the Most Favoured Nation (MFN) rate.” The government was also asked to review all existing Free Trade Agreements (FTAs) and to keep ‘paper’ in the negative list in all ...
