GOVERNMENT ALLOWS FREE EXPORT OF LEATHER
Date : 10 Nov 2000
Location : New Delhi
The government of India has revised it's Exim Policy by allowing free export of leather (Raw hides and skins, semi-processed/finished leather etc.), which would now be governed by the Export Duty to make them WTO compatible. Further, it would give time to the domestic industry to adjust to the new policy and environment psychologically as well as otherwise and these duties could subsequently be further rationalised. Department of Revenue and the DGFT in notifications issued in October 2000 has permitted free exports of all leather items after paying the applicable export duty, if any. The exporter shall, however, be required to register the export contracts with the Council for Leather Exports, Chennai, indicating the price, quantity etc. who would be monitoring the impact of the revised provisions.
Ministry of Commerce and Industry, Department of Commerce, New Delhi dated 10 November, 2000