Govt announces imposing of curbs on export of syringes

Business
Oct 05 2021 10:00 AM
P C Thomas

Govt announces imposing of curbs on export of syringes

New Delhi: The government has announced imposing export curbs on syringes with immediate effect, a move aimed at discouraging outbound shipments of the product in view of the present coronavirus pandemic state of affairs.

The directorate General of foreign trade in a notification said "The export of syringes with or without needles...has been put under the restricted category with immediate effect," It has moved syringes export in the restricted category, under which an exporter has to seek a licence or government authorization for the shipments. In 2020-21, the export of syringes stood at USD45.68 million. It was USD17.37 million during April-July this fiscal. The procedure for submission and approval of application for export of syringes will be notified separately, the DGFT said.

In a separate public notice, the DGFT said the quantity of 5,841 tonnes of sugar to be exported to the European Union under Tariff-Rate Quota scheme from October 1, to September 30, 2022 has been notified. The Tariff-Rate Quota is for a volume of exports that enter the UK at relatively low tariffs. After the quota is reached, a higher tariff applies to the exports.