Govt puts curbs on imports of Hydrofluorocarbons

"Import policy of Hydrofluorocarbons (HFCs) has been revised from 'free' to 'restricted', subject to NoC (no objection certificate) from the Ministry of Environment, Forest and Climate Change," the directorate general of foreign trade (DGFT) said ...

Reuters
The move comes amid efforts to boost manufacturing of components and sub-assemblies of ACs and LED lights.
The government on Wednesday imposed curbs on imports of Hydrofluorocarbons (HFCs) used in refrigeration and air-conditioning to boost domestic manufacturing of the chemical.

"Import policy of Hydrofluorocarbons (HFCs) has been revised from 'free' to 'restricted', subject to NoC (no objection certificate) from the Ministry of Environment, Forest and Climate Change," the directorate general of foreign trade (DGFT) said in a notification.

Importers will now have to seek a licence or permission from the directorate to import this chemical.


The move assumes significance as the government has extended a Rs 6,238 crore PLI (production-linked incentive) scheme for white goods to boost the manufacturing of components and sub-assemblies of ACs and LED lights.

In a separate notification, the DGFT said in a notification that the export of rice (basmati and non-basmati) to EU member states and other European countries, namely Iceland, Liechtenstein, Norway and Switzerland, will require a certificate of inspection from EIA/EIC.

"Export to other European countries (except Iceland, Liechtenstein, Norway and Switzerland) will require a certificate of inspection by export inspection council (EIC)/export inspection agency (EIA) for export from July 1, 2022," the notification said.
ADVERTISEMENT
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Foreign Trade › Govt puts curbs on imports of Hydrofluorocarbons
Text Size:AAA
Success
This article has been saved

*

+