Formula 4 : 1 for Duty Free Import Awakens Indian Exporters

This entry was posted on Thursday, March 17th, 2016 and is filed under Cashew, Cashew Market, Cashew News, Cashew Prices.

Indian exporters are in a buying spree in the domestic cashew kernel to catch up with the 4 : 1 import-export ratio. Zero duty import is possible only under this scheme.

If the kernel exporters save 9.36% import tax by making such purchases, their suppliers will definitely demand proportionate increase in the selling price.

In coming days, even small scale exporters will become major buyers in the Indian domestic market. 

 

Filed Under: Cashew, Cashew Market, Cashew News, Cashew Prices