10 July 2023
India's DGFT rules on one-year extension.
BHUTAN potato imports are to continue unlicensed to India for another year, the country's Directorate General of Foreign Trade has ruled.
The DGFT (Directorate General of Foreign Trade) recently issued a notification declaring that the import of potatoes from Bhutan will continue without the need for an import license until June 3th, 2024 in a bid to maintain a steady supply of potatoes while fostering bilateral trade relations between the two countries.
Previous import policy allowed the import of potatoes from Bhutan without an import license until June 30th, 2023 and the Ministry of Commerce and Industry has extended this, eliminating the need for additional documentation and requirements.
The amendment aligns with the powers granted by the Foreign Trade (Development & Regulation) Act, 1992, and the Foreign Trade Policy, 2023. These regulations empower the Ministry of Commerce and Industry to modify and update import policies to facilitate trade and ensure the smooth flow of imports.
Over the past year, India has imported fresh or chilled potatoes worth $1.02 million.