Latest News | Govt Restricts Cabinet Hinges Priced Below Rs 280 Per Kilogram
Get latest articles and stories on Latest News at LatestLY. The government on Monday imposed import restrictions on cabinet hinges priced below Rs 280 per kilogram to discourage cheap inbound shipments of these goods from countries like China.
New Delhi, May 26 (PTI) The government on Monday imposed import restrictions on cabinet hinges priced below Rs 280 per kilogram to discourage cheap inbound shipments of these goods from countries like China.
These hinges are essentially hardware components. It connects cabinet doors to their frames.
"Import of Cabinet Hinges having a CIF (cost, insurance, freight) value of less than Rs 280 per kilogram, is restricted," the directorate general of foreign trade (DGFT) said in a notification.
Now, importers would have to seek permission or a license from the DGFT if the price of these hinges is below Rs 280 per kilogram.
Earlier, there were no restrictions on these imports. They are mainly imported from countries like China, Italy and Germany.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)