Govt puts curbs on imports of Hydrofluorocarbons

The government on Wednesday imposed curbs on imports of Hydrofluorocarbons (HFCs) used in refrigeration and air-conditioning to boost domestic manufacturing of the chemical.

“Import policy of Hydrofluorocarbons (HFCs) has been revised from ‘free’ to ‘restricted’, subject to NoC (no objection certificate) from the Ministry of Environment, Forest and Climate Change,” the directorate general of foreign trade (DGFT) said in a notification.

Importers will now have to seek a licence or permission from the directorate to import this chemical.

The move assumes significance as the government has extended a Rs 6,238 crore PLI (production-linked incentive) scheme for white goods to boost the manufacturing of components and sub-assemblies of ACs and LED lights.

In a separate notification, the DGFT said in a notification that the export of rice (basmati and non-basmati) to EU member states and other European countries, namely Iceland, Liechtenstein, Norway and Switzerland, will require a certificate of inspection from EIA/EIC.

“Export to other European countries (except Iceland, Liechtenstein, Norway and Switzerland) will require a certificate of inspection by export inspection council (EIC)/export inspection agency (EIA) for export from July 1, 2022,” the notification said.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.