Minimum import price on areca nuts hiked
Updated: Jun 03, 2015 05:46:40pm
New Delhi, Jun 3 (KNN) The government has increased the minimum import price (MIP) on import of areca nuts from existing Rs 110 per kg to Rs 162 per kg with immediate effect to safeguard the interest of domestic farmers.
“The Government has received representations from various stakeholders of areca nuts industry against unabated import of Areca nuts from neighbouring countries taking advantage of low import duty provided under SAFTA,” said the Ministry of Industry and Commerce.
Further, the FSSAI has also advised its field offices to stringently adhere to the quality specifications of Areca nut before clearing the import consignments. This has been done with a view to prevent inferior quality areca nut from entering Indian market and de-stabilise the domestic prices, it said.
The customs authorities have been advised to check the rules of origin with utmost care so as to ensure that areca nut grown in other countries is not imported through our neighbouring countries taking advantage of low import duty under SAFTA. (KNN/ST)
“The Government has received representations from various stakeholders of areca nuts industry against unabated import of Areca nuts from neighbouring countries taking advantage of low import duty provided under SAFTA,” said the Ministry of Industry and Commerce.
Further, the FSSAI has also advised its field offices to stringently adhere to the quality specifications of Areca nut before clearing the import consignments. This has been done with a view to prevent inferior quality areca nut from entering Indian market and de-stabilise the domestic prices, it said.
The customs authorities have been advised to check the rules of origin with utmost care so as to ensure that areca nut grown in other countries is not imported through our neighbouring countries taking advantage of low import duty under SAFTA. (KNN/ST)
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