India’s zero duty wheat imports move may come with riders
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India’s new government is poised to waive Customs duty on wheat imports, facilitating a potential surge in inbound shipments. However, there’s a catch: imports might be subject to certain conditions. This move aims to address concerns over domestic wheat shortages and stabilize prices. By easing tariffs, the government hopes to bolster wheat availability while safeguarding against adverse market effects. This decision signals a proactive approach to managing food security amidst evolving economic dynamics.
India will likely allow import of wheat at zero Customs duty soon after the new Government takes charge but shipments into the country may come with riders.
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