Latest DGFT system may hit engineering exports: EEPC

Source :IANS
Author :IANS
Last Updated: Tue, Sep 10th, 2019, 16:08:34hrs
Latest DGFT system may hit engineering exports: EEPC
New Delhi: The Engineering Export Promotion Council of India on Monday said that latest restrictions on import of steel products would further add to the input cost of exporters battling deceleration in shipments.

It urged Commerce Minister Piyush Goyal to issue directions to modify the Directorate General of Foreign Trade notification on the Steel Import Monitoring System (SIMS), which mandates compulsory registration for import of most steel products.

These registrations attract specific fees.