UPASI Welcomes Move to Cut Time Window of Exports

Published: 10th January 2015 06:07 AM  |   Last Updated: 10th January 2015 06:07 AM   |  A+A-

KOCHI: The United Planters’ Association of Southern India (UPASI) has welcomed  Union Commerce and Industry Minister Nirmala Sitharaman’s announcement reducing the time window of exports to six months, regarding the Rubber Advance Licence import scheme, stating that it will stabilise the sagging domestic rubber prices. UPASI and other grower federations have been requesting for a long time the need for structural changes in the import policy and are appreciative of the Commerce Ministry’s decision, UPASI Vice President N Dharmaraj said in a statement. “Currently the window of exports is 18 months extendable by six months of two duration. This is illogical when it is an established fact that the quality of natural rubber deteriorates after six months. A long time window makes the monitoring mechanism cumbersome and is not in line with the spirit of the import for re-export cause,” UPASI said. It  also requested the government to review outdated norms of SION (Standard Input Output Norm) and issues of inverted duty structure in rubber goods industry to enable the robust growth of the rubber goods manufacturing sector in the country.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp