December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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698 | Chapter 23
CASE STUDY
In yet another step to curb the inflationary pressure during the coming festival season,
the government has eased norms for a duty-free import of vanaspati from Nepal.
The STC, which is the sole agency authorised to import 1-lakh-tonne 1-lt annual
quota at nil duty under the Indo-Nepal Treaty of Trade, has now been allowed to
rope in ‘Associates’ to undertake it. This is against the present arrangement wherein
the STC is required to make the imports on its own and not through third parties.
However, in a public notice issued on 4 October amending an earlier order
dated 24June 2003, the DGFT extended the facility ...
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