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  • Kerala HC stays DGFT notice suspending cashew export body powers 08/16/2021

    Aug 16th, 2021

    The Kerala High Court stayed for three weeks the Directorate General of Foreign Trade’s (DGFT) notification authorising the Agricultural & Processed Food Products Export Development Authority (APEDA) to issue registration-cum-membership certificates (RCMC) to cashew exporters. The court passed the order on a writ petition filed by Cashew Export Promotion Council of India (CEPCI) which challenged the DGFT notification by submitting that it is beyond the power of the authorities. subscribers exclusiveSubscriber Exclusive alt_text News-Analysis Takeaway for the markets from the US Federal Reserve meet alt_text Stock-Markets Nifty Call: Go long now and on declines at 17,700 alt_text Agri-Business Two more rain systems brewing in the Bay alt_text News-Analysis How the Sony Pictures deal can add value for Zee Entertainment investors Counter affidavit The court asked the Central government to file a counter affidavit within three weeks as counsel appearing for the respondents prayed for a shorter time to file the affidavit. The court posted the case for further hearing on August 26. It may be recalled that the DGFT had suspended the powers of CEPCI to issue RCMC, and designated APEDA to issue such certificates. RCMC helps in export-related works and availing duty benefits under foreign trade policy. Cashew exporters pointed out the DGFT decision to suspend the RCMC would curtail the activities of CEPCI that functions with its own fund sourced from memberships and trade contribution. It is also alleged that the Council was kept in the dark when the DGFT took the decision which was made without giving any notice. With the suspension of power, the financial stability of the council will be in trouble, it said.


    Source: https://www.thehindubusinessline.com/
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