Business News | India Amends Apple Import Policy
Get latest articles and stories on Business at LatestLY. The central government has prohibited the import of apples where the CIF import price is less than or equal to Rs 50 per kilogram. CIF stands for Cost, Insurance, and Freight.
New Delhi [India], May 8 (ANI): The central government has prohibited the import of apples where the CIF (Cost, Insurance, and Freight) import price is less than or equal to Rs 50 per kilogram.
The import policy remains "Free" for those apples costing above Rs 50 per kilogram.
The amendment in apple import policy will not be applicable to India's neighbour Bhutan, the Directorate General of Foreign Trade under the Ministry of Commerce and Industry said in its notification put out Monday.
The DGFT did not specify any reason in its notification as to why the amendment in apple import policy was needed. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)