India Restricts Importation of Screws, Sets TRQ Amount for Sugar to US

India altered its import policy regarding threaded screws traded under Indian tariff schedule codes 73181110, 73181190, 73181200, 73181300, 73181400, 73181500 and 73181900, the Director General of Foreign Trade announced. The import policy was changed from "Free" to "Prohibited," though the goods will be allowed to enter India if their cost, insurance and freight values are above approximately $1.55 per kg.

In a separate notice, the DGFT notified the tariff-rate quota amount for raw cane sugar to be exported to the U.S. under the TRQ scheme for fiscal year 2024. As a result, 8,606 metric tons raw value can be sent to the U.S. without duties from Oct. 1, 2023, to Sept. 30, 2024.