Pre-export test for fruit products no longer a must

Image
Press Trust of India New Delhi
Last Updated : Jun 09 2016 | 9:07 PM IST
The Commerce Ministry today said it has done away with the requirement of pre-export test for fruits, a move aimed at cutting transaction cost and promoting ease of doing business.
Commerce and Industry Minister Nirmala Sitharaman, in a tweet, said "pre-export test for fruit products no longer mandatory".
She has given her approval for "doing away with such tests to promote ease of doing business".
The minister has also approved slashing of EIC (export inspection council) fees by 25 per cent for export of fruit products.
The move assumes significance as export of fruits and vegetables dipped by 0.68 per cent to USD 202 million in April.
Exports body FIEO welcomed the move, saying the step will help in reducing transaction costs for fruit exporters.
Overall export, too, declined for the 17th straight month in April. It contracted by 6.74 per cent to USD 20.5 billion due to a sharp fall in shipments of petroleum and engineering products amid tepid global demand.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 09 2016 | 9:07 PM IST

Next Story