The authorities on Monday introduced imposing export curbs on syringes with speedy impact, a transfer aimed toward discouraging outbound shipments of the product in view of the current Covid-19 pandemic state of affairs.
The directorate normal of overseas commerce (DGFT) in a notification stated it has moved syringes export within the restricted class, beneath which an exporter has to search a licence or authorities permission for the shipments.
“The export of syringes with or with out needles…has been put beneath the restricted class with speedy impact,” it stated.
In 2020-21, the export of syringes stood at USD 45.68 million. It was USD 17.37 million throughout April-July this fiscal.
The process for submission and approval of software for export of syringes will likely be notified individually, the DGFT stated.
In a separate public discover, the DGFT stated the amount of 5,841 tonnes of sugar (uncooked and/or white sugar) to be exported to the European Union (EU) beneath TRQ scheme from October 1, to September 30, 2022 has been notified.
TRQ (Tariff-Rate Quota) is for a quantity of exports that enter the UK at comparatively low tariffs. After the quota is reached, the next tariff applies to the exports.
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