New Delhi: India has imposed import restrictions on a chemical used in the pharma industry till September 30 next year, according to a notification.
The Directorate General of Foreign Trade (DGFT) said that imports of "ATS-8 (4r-cis)-1 1-dimethylethyl-6-cyanomethyl-2 2-dimethyl-1 3-dioxane-4-acetate" having a CIF (cost, insurance, freight) value of less than USD 111 per kg is restricted till September 30, 2026, with immediate effect.
However, it said, inputs imported by advanced authorisation holders, export-oriented units and social economic zone shall be exempted from the MIP (minimum import price) condition.
The chemical is imported from countries like China.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)