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Nepali jute products export to India halted completely since three weeks

Related Keywords: from Nepal, guarantees duty free acces, hessian jute fabric, India largest importer of Nepal jute products, Indian government, jute export to India halted, jute products, jute products like jute sacks, jute traders, Nepal-India Trade Treaty, released notification to levy excise duty, Sri Lanka and Maldives, started enforcing from mid December

Indian government had released a notification to levy excise duty on jute products from Nepal, Sri Lanka and the Maldives in 2015, it only started enforcing the notification from December 15 last year, according to jute traders.

Following, the enforcement of the excise duty of 12.5 percent on different jute products like jute sacks and hessian jute fabric. Nepali traders said that jute export to India has been halted completely for more than three weeks

Import of jute bags augmenting agony of jute industry

Related Keywords: jute bag imports, jute bags import, jute industry in India, jute traders

The Indian jute industry at present is beleaguered due to shortage of orders. The industry maintains that dearth of orders has forced it to cut back on production, causing a spate of work suspensions.
 
The Jute Commissioner’s office who had begun investigation against certain mills against whom there were reports of malpractices, said on Monday that the complaints were mainly against the import of jute bags from Nepal and Bangladesh.
 

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