Is there any restriction to export from India to Sirya ?

[THYAGARAJAN KALYANASUNDARAM]

Respected experts,

one of my friend having offer for his industrial products from sirya. I request you to provide the documents evidence if there is any restriction to export from India to Sirya?

whether export to sirya is advisable ?

Thanks in Advance

[Rajagopalan Ranganathan]

Sir,

Chapter 2 of Foreign Trade Policy (2015-20) (As on 30 June 2019) gives details of Prohibitions (Country, Organisations, Groups, Individuals etc. and Product Specific): In this para there is no prohibition to export goods to Syria. Hence you can export the goods to Syria.

[KASTURI SETHI]

Dear Querist,

What is the reason or basis of your doubt about export to Syria ?

[THYAGARAJAN KALYANASUNDARAM]

sir, if we check with their C & F, They said export to sirya is restricted.

But no one providing documents evidence

[KASTURI SETHI]

Banks do not accept payment from Syria. Banks are not accepting export documents for Syria. There is some dispute going on. I think there is no specific restriction from RBI to this effect. Views of other experts are also solicited.

[YAGAY andSUN]

It is due to sanctions as imposed by USA on Syria.

[KASTURI SETHI]

One of my clients exported the goods to Syria and received payment after two years. Thereafter, they discontinued export to Syria.

AI Summary

Exporting Industrial Products to Syria: No Trade Barriers per Foreign Trade Policy, But Financial Hurdles Exist Due to Sanctions. An individual inquired about potential restrictions on exporting industrial products from India to Syria. An expert clarified that, according to the Foreign Trade Policy (2015-20), there are no prohibitions on exporting to Syria. However, concerns were raised about financial transactions, as banks reportedly do not accept payments from Syria due to ongoing disputes and U.S. sanctions. Another participant shared an anecdote about delayed payments for exports to Syria, suggesting caution. The discussion highlighted the complexities of exporting to Syria, primarily due to financial and geopolitical issues rather than explicit trade restrictions.