CCEA Okays Amending Policy To Put Curbs On Outbound Shipment

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The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal to amend the policy of exemption for wheat or meslin flour. The move will now allow putting restrictions on the export of wheat flour, which will ensure a curb on rising prices of wheat flour in the country.

“The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Shri Narendra Modi has approved the proposal for amendment of policy of exemption for Wheat or Meslin Flour (HS Code 1101) from export restrictions/ ban. The approval will now allow to put a restriction on the export of Wheat Flour which will ensure a curb on rising prices of wheat flour and ensure food security of the most vulnerable sections of the society,” according to an official statement.

It added that the Directorate General of Foreign Trade (DGFT), a commerce ministry arm that deals with export- and import-related matters, will issue a notification to this effect.

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