Question
India has prohibited the import of apples where the
Cost, Insurance, and Freight (CIF) import price is less than or equal to ____ per kilogram which was “free” earlier.Solution
India has prohibited the import of apples where the Cost, Insurance, and Freight (CIF) import price is less than or equal to Rs 50 per kilogram. The government changes the import policy to “prohibited” from “free” earlier. According to the information provided by the Directorate General of Foreign Trade (DGFT), the amendment in the apple import policy will not be applicable to Bhutan. In April-February FY23, India’s apple imports were $260.37 million, with Turkey, Italy, Iran and Chile being the top sources.
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