Alternative to Import Duty (3)
Fixing a price limit on reckless imports requires strict quality control. In the export contracts, the final out-turn or the filling out turn should be above 21.5%. ( If possible it is better to assess the cutting out-turn during the customs clearance and it should not be below 27.5%). Find our price limits below –
Filling Out-turn Maximum Price Limit per tonne
21.5% – 22.5 % $1100
22.5% – 23.5% $1200
23.5% & above $1300
Raw cashew from Tanzania, Indonesia, Cambodia and Guinea Bissau are said to be better in terms of out-turn. Beninese nuts are better in terms of size and shape. So addition of $100 should be permitted for imports from such countries.
There are now more than 25 countries in the raw cashew export field. Cashew Export Promotion Council of India should make a research on the quality of imports from all these countries.
(Please read all three posts related to Alternative to Import Duty)
Related Posts via Categories
Related Posts via Categories
Filed Under: Budget 2016, Cashew, Cashew News