• Friday, March 29, 2024

Business

India notifies import procedure under Mauritius trade pact

Indian prime minister Narendra Modi with his Mauritius counterpart Pravind Kumar Jugnauth in New Delhi in May 2019. (Photo by PRAKASH SINGH/AFP via Getty Images)

By: Shubham Ghosh

THE Indian commerce ministry on Tuesday (7) notified tariff rate quota (TRQ) for certain items including pineapples, tunas, beer made from malt, rum and procedure for importing those goods under the free trade agreement between India and Mauritius formally called the India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA).

The pact is a kind of free-trade one which came into effect from April 1.

The pact covers more than 300 exports items for India, including food and beverages, agricultural products, base metals, textile and textile articles, electricals and electronic items, plastics and chemicals, and wood.

ALSO READ: Is India building military base on Mauritius island?

Mauritius benefits from preferential market access into India for its 615 products, including frozen fish, specialty sugar, fresh fruits, juices, mineral water, beer, bags and apparel.

“TRQ for items…on India-Mauritius CECPA and procedure for such imports is notified,” the directorate general of foreign trade (DGFT) said in a public notice.
Items that are permitted under TRQ under the pact include pineapples (1,000 tonnes at 30 per cent duty), lichi (250 tonnes at 10 per cent duty), tunas (7,000 tonnes at zero duty), and beer made from malt (20 lakh litres at 25 per cent duty), rum (1.5 million litres at zero duty).

According to the DGFT, all applications must accompany a pre-purchase agreement from one of the eligible exporters of specified items in Mauritius.

“At the time of clearance of the import consignment, the importer in India must produce a certificate of origin issued by concerned authorities in Mauritius,” it said, adding that the year in respect of these imports will be from April to March 31.

Related Stories

Loading