Image Source : PTI Govt bans apple imports if its price is less than Rs 50 per Kg
New Delhi: The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.
“Import of apples…is prohibited wherever the CIF (cost, insurance, freight) import price is less than equal to Rs 50 per Kg,” DGFT said in the notification. The minimum import price condition shall not be applicable for imports from Bhutan, it added.
In 2023, India imported apples worth USD 296 million against USD 385.1 million in 2022. The main countries which export apples to India include the US, Iran, Brazil, UAE, Afghanistan, France, Belgium, Chile, Italy, Turkey, New Zealand, South Africa and Poland Imports from South Africa rose 84.8 per cent to USD 18.53 million during April-February 2022-23.
Similarly from Poland, the inbound shipments of apple increased by 83.36 per cent to USD 15.39 million. However, imports declined from countries like the US, UAE, France and Afghanistan.
Latest Business News
Source link
