The authorities has announced hike in the import obligation on cashew kernels to 70 according to cent from the present day forty five consistent with cent, a pass which exporters body CEPCI hailed saying it will help revive the crisis-hit industry.

As in line with the finances 2019-20 record, the customs responsibility on both plain and broken cashew kernels may be raised.

However, the council’s request for hike inside the import duty and placing roasted cashew under prohibited gadgets is yet to be decided, Cashew Export Promotion Council of India (CEPCI) Chairman R K Bhoodes said.

Also, the request to withdraw 2.Five in line with cent import duty on uncooked cashew nut which become a lot awaited by means of the enterprise isn’t visible addressed in the price range,” he stated.

The CEPCI additionally demanded the authorities to place a complete ban on the import of roasted cashew, semi-completed cashews and husk, and to roll again the import responsibility on uncooked cashew nuts.

According to the council, the enterprise is closely depending on imported cashew and the import responsibility has made the home processing unviable resulting in diversion of uncooked cashew nut from other generating countries to our competing international locations.

Apart from that, there was a surge in imports of simple and additionally semi-completed cashew kernels into the usa by way of “mis- declarations and utilizing loop holes within the present legal guidelines”, it said.

Large quantity of plain cashew kernels are imported beneath the pretext of roasted cashews which pulls 0 obligation under diverse Free Trade Agreements. Also, bulk volumes of semi- completed kernels are imported below Advance Authorisation scheme and offered within the domestic marketplace, it stated.

Besides, big volumes of damaged cashew kernels are frequently been imported by way of blending them with cashew husk and maintaining them as husk on my own, the Council added.

“With those kinds of imports, real processors or exporters locate it hard to continue to exist and the industry is nearly at the verge of a complete crumble,” Bhoodes stated.- PTI