Natural Rubber Imports Restricted only to Chennai and Nhava Sheva Ports

· Rubber Prices Fall to Rs. 85 per kg in World Market

· Stiff Duty of 25% on Natural Rubber and High Domestic Price of Rs. 95/kg Fails to Please Producers

· Tyre Manufacturers Hurt, Demand Protection from Import

[DGFT Notification No. 32 dated 20^th January 2016]

Effect of this Notification: Import of Natural Rubber of all varieties/forms covered under EXIM Code 4001 is allowed only through sea ports of Chennai and Nhava Sheva (Jawaharlal Nehru Port).

Subject: Amendment in import policy conditions of Natural Rubber under Exim code 4001 10 of Chapter 40 of ITC (HS), 2012 - Schedule - 1 (Import Policy).

In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby introduces the Import Policy Conditions of Natural Rubber under Exim code 4001 of Chapter 40 of ITC (HS), 2012 - Schedule - 1 (Import Policy) as under:

Exim Code	Item Description	Policy	Revised Policy Condition
4001	Natural Rubber, Balata, Gutta-Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip,	Free	Import allowed only through sea ports of Chennai and Nhava Sheva (Jawaharlal Nehru Port).