INDIA DRAGS EU TO WTO OVER BARRIERS ON BASMATI IMPORTS

Article Abstract:

India has taken the European Union (EU) to the World Trade Organisation for levying non-tariff barriers for basmati rice imports. It has called EU to discuss the issue and reduce the import duty on Indian basmati by Ecu250 per tonne. EU had introduced non tariff barriers through the Cumulative Recovery Scheme (CRS) in July 1997. Rice importers have to pay the full duty and claim refund after giving details of import price, certificate for quality of basmati rice imported and their wholesale prices. India is likely to win the case under the Headnote 7 of GATT. (rk)

Comment:

EU: India has taken the region to the World Trade Organization for levying non-tariff barriers for basmati rice imports

European Union, Rice Milling, Rice products

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OILSEED IMPORTS TOO LITTLE, TOO LATE: INDUSTRY

Article Abstract:

The Government of India seems not to be much keen on allowing imports of oilseeds (oil-bearing items) despite of low capacity utilisation of the Indian vegetable and oil processing industry. As against oilseeds production of 249.6 lakh tonnes during 1996-97, oil availability was 74.2 lakh tonnes. In 1997- 98, the estimated oilseed output was 236.9 lakh tonnes as against oil availability of 70 lakh tonnes. The estimated imports of edible oil for 1997-98 was 15 lakh tonnes (17.5 lakh tonnes in 1996-97). (gs)

Comment:

India: Govt seems not to be keen on allowing oilseeds imports despite low capacity utilization of vegetable & oil processing ind

Oilseed and Grain Farming, Oilseeds

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CENTRE RAISES BDF CESS ON BASMATI TO Rs100 A TONNE

Article Abstract:

The Commerce Ministry has increased the cess levied on all basmati exports. This amount will now be accrued to the Basmati Development Fund (BDF). The cess has been hiked from the previous Rs50 per tonne to Rs100 per tonne. This will come into effect from April 1, 1999. (um)(vr)

Comment:

The Commerce Ministry has increased the cess levied on all basmati exports.

Rice, Rice Farming, Government revenues

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