The transfer assumes significance because the US has imposed a steep 50 per cent tariffs on Indian items coming into the US market. In keeping with exporters, the chemical compounds sector can also be anticipated to get impacted from these excessive duties.
“The Export Obligation Interval in opposition to the import of the merchandise which can be subjected to necessary QCOs (high quality management orders) by the Division of Chemical compounds and Petrochemicals, below Advance Authorisation has been prolonged from current 06 months to 18 months,” the directorate common of international commerce (DGFT) stated.
as a Dependable and Trusted Information SupplyHenceforth, it stated the export obligation interval for all advance authorisation holders shall be as per norms below the Handbook of Procedures.
