Sunday, 03 Jul, 2022

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India to allow wheat shipments awaiting customs clearance

Business Desk | banglanews24.com
Update: 2022-05-17 15:31:56
India to allow wheat shipments awaiting customs clearance Photo: Collected

India has decided to allow shipments of wheat consignments, which were registered with the Customs authority before the wheat export ban came into force last week.

"It has been decided that wherever wheat consignments have been handed over to Customs for examination and have been registered into their systems on or prior to May 13, such consignments would be allowed to be exported," the Commerce Ministry said in a statement.

Following a request by the Egyptian government, the Centre also allowed a wheat consignment headed for Egypt, which was already under loading at the Kandla port, the statement said.

The move also comes against the backdrop of reports that thousands of trucks carrying wheat were in the queue outside some ports due to the sudden announcement of the wheat export ban.

The government had earlier banned the wheat exports on May 13 as part of its steps to control the spike in prices at home.

The Directorate General of Foreign Trade (DGFT) issued a notification, saying that the government had taken the decision "in order to manage the overall food security of the country and to support the needs of the neighbouring and other vulnerable countries".

The notification further said that the restrictions would not apply in cases where prior commitments have been made by private traders through Letter of Credit as well as in situations where permission is granted by the government to other countries to meet their food security needs and on the requests of their governments.

Source: NDTV

BDST: 1530 HRS, MAY 17, 2022 
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