Related Keywords: as guarantee, consignments of Nepali jute traders, decision on imposing CVD, Export of jute products from Nepal to India resumed, fund will be refunded, Indian Customs Office agreed to release, Indian market, keeping the countervailing duty, once Indian government revisits
The export of jute products from Nepal to India has resumed after the Indian Customs Office agreed to release the consignments of Nepali jute traders to the Indian market keeping the 12.5 percent countervailing duty (CVD) as a guarantee.
The Indian government had imposed 12.5 percent CVD on Nepali jute products like jute sacks and hessian jute fabric from December 15, thereby completely halting export of jute products to India.
India is Nepal’s largest jute importer. According to traders, more than 90 percent of jute products manufactured in Nepal is exported to India.
