india maldives row: Authorities imposes port restrictions for exporting important commodities to Maldives

The notification, issued beneath the International Commerce (Growth & Regulation) Act, 1992, incorporates particular situations for exporting important commodities beneath the prohibited/restricted class to Maldives.

Export of important commodities falling beneath the prohibited/restricted class to Maldives will now be permitted solely by means of 4 designated Customs Stations which embody Mundra Sea Port, Tuticorin Sea Port, Nhava Sheva Sea Port (JNPT), and ICD Tughlakabad.

The transfer comes as a part of the bilateral commerce settlement between the Authorities of India and the Authorities of Maldives.

“Growth & Regulation Act, 1992 (No. 22 of 1992), as amended, learn with paragraph 1.02 and a pair of.01 of the International Commerce Coverage (FTP), 2023, the Central Authorities paragraph 1. hereby incorporates following situations in Notification No. 03/2023 dated 05. .04.2024 for exporting of important commodities to Maldives beneath bilateral commerce settlement between Authorities of India and Authorities of Maldives,” DGFT mentioned.

Earlier on April 5, India had eliminated the restrictions on export of specified amount of 9 merchandise together with potatoes, onions, eggs, rice, wheat flour and sugar to Maldives for the present fiscal 12 months.The 2 nations had signed a commerce settlement in 1981, which gives for export of important commodities.