Login ID:
Password:
Partner Login
Contact Us : 7066511911

DGFT Cancels Licenses of 56 Pulses Importers; Caught For Submitting False Declaration

8 Aug 2020 7:28 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) - Fifty-six traders have been caught trying to con their way through Centre’s urad import quota by submitting false declarations. The conning came to light during spot verification, of the existence of manufacturing units of the import authorisation holders, by Directorate General of Foreign Trade (DGFT). DGFT has taken these supplies in its custody along with canceling the licenses of these traders.

Customs Department has been duly informed about the findings by DGFT.


Commodities Control is in possession of a letter written to us by Deputy DGFT N. Vaidyanathan of Chennai Customs, which details the spot verification conducted by DGFT during July.


According to import norms, only mills are allowed to import pulses, for which these dal mills are required to submit the details of their processing capacities along with the import application.


However, there were 56 applications with false declarations and the Government has now cancelled their import licenses. These firms will not be able to import pulses in future.


According to the letter written by DGFT to Chennai Customs, Government is initiating punitive action as per FT(DR) Act against these 56 firms. Customs has been requested ‘not to allow import of urad dal” against these 56 import authorisations.


It is to be noted that Centre allowed Urad import quota of 4 Lakh tons, deadline to which ends by 31st August 2020.

(Commodities Control Bureau)



       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Coriander: Futures Settle Higher for 4th Consecutive Se...
India Spices Export Offer Price - 29 SEPTEMBER 2020
Jeera: Spot Prices Extend Upmove amid Firm Demand, Stro...
Spot Turmeric Prices Mixed amid Restricted Demand, Aver...
Red Chili Price Rally Continues in Guntur amid Surge in...
more
Top 5 News
Gujarat Cotton Prices Steady due to Weak Demand at High...
Cotton Prices Drop Rs 200 In Lower Rajasthan Despite Di...
North India : Cotton Price Drops Rs 20 amid Increased A...
Sugar (LIFFE) Testing a Potential Resistance Zone ($3...
Sugar (ICE) Consolidating Near Support ($13.10)
Top 5 Special Reports
USD/INR (Oct 20) Consolidating in a Downtrend / More...
USD/INR (Oct 20) Consolidating in a Downtrend / More...
CCI Gears Up For Export First Time thru Government Chan...
Weekly: Pulses Rise on Crop Damage Report, Hike In MSP
USD/INR (Oct 20) Needs a Breakout Above Resistance a...
Copyright © CC Commodity Info Services LLP. All rights reserved.