Natural Rubber Imports Squeezed to
Protect Domestic Industry
·
No Imports
of Rubber Allowed under Advance Authorization for 70 Days in 21 Jan-31 March
Period against Licenses Issued in this Period
[DGFT
Notification No. 33 dated 21st January 2016]
Effect
of this Notification: Facility for import of
Natural Rubber under Advance Authorisations issued or revalidated on or after
21.01.2016 will not available with immediate effect up to 31.03.2016.
Subject:
Amendment in Paragraph 4.18 of the Foreign Trade Policy 2015-20.
In
exercise of powers conferred by Section 5 of the Foreign Trade (Development
& Regulation) Act, 1992 (No.22 of 1992) read with Para 1.02 of the Foreign
Trade Policy, 2015-2020, the Central Government hereby amends the following
provisions of FTP 2015- 20:-
2. The following
sub paragraph is inserted in para 4.18 of FTP 2015-2020:
4.18
Importability / Exportability of items that are Prohibited / Restricted / STE
(vi) Import
of Natural Rubber will not be allowed during the period 21st January 2016 to
31st March 2016 under Advance Authorisations to be issued or revalidated on or
after 21st January, 2016.