Raw Cashew Import is Nothing but a Huge Loss to the Indian Forex Treasury

This entry was posted on Wednesday, September 25th, 2013 and is filed under Cashew, Cashew Market, Cashew News, Cashew Prices.

In India, many small and medium scale processors are now purchasing imported raw cashew nuts from their nearest import re-sellers. Slight rise in demand is mostly due to -1) Increasing automatic processing. 2) Active kernel market. 3) Costly imports and 4) Similar Trends in other dry fruits.

Raw cashew import is nothing but a huge loss to the Indian Forex treasury. 

The Government of India may shortly take some daring steps to reduce unnecessary imports. 

At present there is no Import tax, no VAT, no CST and no APMC tax on raw cashew imports in India. 

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