India bans Areca Nut import under Rs 351/kg

The Central Authorities on Wednesday introduced a ban on imports of roasted Areca nuts with a worth under Rs 351 per Kg. Nevertheless, in response to the notification, the ban can be utilized with sure exemptions. The notification is issued with the approval of the Commerce and Business Minister.

What did the notification state about Areca nuts?

The Directorate Normal of Overseas Commerce (DGFT) within the official notification said the next:

a) Nevertheless, import is free if the CIF worth is Rs 351/- and above per kilogram

b) The minimal import worth talked about above, nonetheless, won’t be relevant for import by 100 per cent Export Oriented Models (EOUs), items within the SEZ and imports below the Advance Authorisation Scheme.

“The Import of roasted Areca nuts falling below ITC (HS) Code 20081991, having CIF worth lower than Rs 351/- per kilogram, is prohibited,” the notification mentioned.

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What did ITC (HS) Code 20081991 say?

The ITC (HS) code 20081991 (different roasted areca nuts and seeds) states the next:

a) Nevertheless, import of Roasted Areca Nuts having CIF worth lower than Rs. 351 per kilogram is prohibited.

b) Import of all different roasted nuts and seeds stays Free.

c) The minimal import worth talked about at (a), nonetheless, won’t be relevant for the import of Roasted Areca Nuts by 100 per cent Export Oriented Models (EOUs), items within the SEZ and imports below the Advance Authorisation Scheme.

What are the exemptions within the notification?

The ban doesn’t apply to imports by:

a) 100 per cent Export-Oriented Models (EOUs) in Particular Financial Zones (SEZs)

b) Imports below the Advance Authorisation Scheme.

What are Areca Nuts?

Areca nuts, or betel nuts, are the nuts of the Areca catechu palm, indigenous to the Philippines and extensively cultivated in tropical Asia. They’re one of many foremost elements utilized in betel quid, a chewing combination that’s chewed for its stimulant and narcotic properties, and holds cultural significance in quite a few Asian nations.