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Govt imposes export curbs on syringes to discourage outbound shipments
New Delhi: The government on Monday announced imposing export curbs on syringes with immediate effect, a move aimed at discouraging outbound shipments of the product in view of the present Covid-19 pandemic situation.
The directorate general of foreign trade (DGFT) in a notification said it has moved syringes export in the restricted category, under which an exporter has to seek a licence or government permission for the shipments.
"The export of syringes with or without needles...has been put under the restricted category with immediate effect," it said.
In 2020-21, the export of syringes stood at USD 45.68 million. It was USD 17.37 million during April-July this fiscal.
As per the DGFT the procedure for submission and approval of application for export of syringes will be notified separately, reports PTI.
In a separate public notice, the DGFT said the quantity of 5,841 tonnes of sugar (raw and/or white sugar) to be exported to the European Union (EU) under TRQ scheme from October 1, to September 30, 2022 has been notified.
TRQ (Tariff-Rate Quota) is for a volume of exports that enter the UK at relatively low tariffs. After the quota is reached, a higher tariff applies to the exports.
In August, the government had imposed restrictions on export of COVID-19 rapid antigen testing kits amid several experts warning of a possible third wave of the coronavirus pandemic.
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751