India Bans Export of Edible Oils in Branded Consumer Packs, Overrides Previous Allowances and Notifications
The Government of India has issued a notification prohibiting the export of edible oils in branded consumer packs, effective immediately. This amendment affects the previous allowance for exporting such oils in packs up to 5 kg within a 10,000-ton ceiling from November 1, 2011, to October 31, 2012. The transitional arrangements under the Foreign Trade Policy 2009-2014 will not apply, except for consignments handed over to customs before midnight on August 1, 2012. This decision overrides previous notifications and aims to regulate the export of edible oils more strictly.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.