5 months ago
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Imports of arecanut to India from Least Developed Exporting Countries (LDECs) declined from 32,238 tonnes successful 2022-23 to 21,160 tonnes successful 2024-25, according to Jitin Prasada, Union Minister of State successful the Ministry of Commerce and Industry.
It was chiefly owed to the revision of the Minimum Import Price (MIP) for arecanut from ₹251 per kg to ₹351 per kg successful February 2023, the Minister said.
The quantity of arecanut imported from LDECs (Bangladesh, Myanmar and Bhutan) during 2024-25 accounted for lone astir 1.5% of India’s home accumulation of 14 lakh tonnes, helium informed the Lok Sabha connected December 9 successful effect to an unstarred question by Captain Brijesh Chowta.
As per the information disposable with the Directorate of Arecanut and Spices Development, a subordinate bureau nether the Union Ministry of Agriculture and Farmers Welfare, the yearly mean terms of arecanut during the past 4 years has remained supra ₹40,000 per quintal, and has not shown immoderate important decline. Further, the authorities raised the MIP of arecanut successful 2023 to safeguard the involvement of home farmers, restrict imports, forestall introduction of inferior prime arecanut into the home market, and cheque destabilization of home prices, the Minister said.
The Central Board of Excise & Customs has been verifying the ‘Rules of Origin’ to guarantee that arecanut produced successful countries not covered nether the Duty-Free Tariff Preference (DFTP) Scheme is not imported done countries with DFTP, taking vantage of import work exemption nether commercialized agreements.
Further, the Customs Field Formations and Directorate of Revenue Intelligence (DRI) nether Central Board of Indirect Taxes & Customs (CBIC) support changeless vigil for illicit proscription of arecanut into India done air, oversea and onshore ports, and instrumentality due enactment arsenic per the provisions of extant laws to forestall amerciable imports, the Minister said.
