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Tuesday, October 26, 2021

Govt imposes export curbs on syringes

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Govt imposes export curbs on syringes

The federal government on Monday introduced imposing export curbs on syringes with quick impact, a transfer aimed toward discouraging outbound shipments of the product in view of the current Covid-19 pandemic scenario. The directorate normal of international commerce (DGFT) in a notification stated it has moved syringes export within the restricted class, below which an exporter has to hunt a licence or authorities permission for the shipments.

“The export of syringes with or with out needles…has been put below the restricted class with quick 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 utility for export of syringes might 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) below TRQ scheme from October 1, to September 30, 2022 has been notified.

TRQ (Tariff-Price 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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