Concerned over rise in imports in the 'others' category, Commerce and Industry Minister Piyush Goyal on Wednesday asked those importers to seek HSN or tariff code within 30 days from the foreign trade office, failing which the government would impose strong restrictions on their inbound shipments.
In trade parlance, every product is
Goyal said India is facing "big" problem in the country's imports of a category called "others" and in that category, all sorts of stuff is being imported into the country
Citing an analysis, he said one out of the four products being imported in India is under this category.
Out of over USD 500 billion worth of imports in 2018-19, the 'others' category accounted for over USD 100 billion.
"I will follow the German model," he
He said that importers will have to approach the ministry to take a special
He said this at the CII's National Standards Conclave.
"Today, I would like to give a final announcement that I appeal to everybody who is importing any product or services into the country, please
Goyal asked the importers to approach their nearest DGFT (Directorate General of Foreign Trade) immediately.
"We will start the process to create a separate HSN code if it
The minister urged the industry to convey this message to other stakeholders.
He also asked the DGFT to bring a trade notice
This measure, he said, will help the government assess what is being imported into the country.
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