Govt. working on 0% import duty on cashew kernel: Prabhu

TIL Desk/Business/New Delhi/ As a measure of support for India’s cashew industry, the government is working on eliminating the import duty on cashew kernel, Commerce Minister Suresh Prabhu said on Thursday.

Addressing the Kaju India 2019 global cashew buyer-seller meet organised by the Cashew Export Promotion Council of India (CEPCI), he also said that under the new National Agriculture Export Policy, the government has identified specific agriculture export zones and clusters that are well connected with ports and airports in the country.

“The government reduced customs duty to 2.5 per cent on cashew kernel and is now working on 0 per cent import duty.  “The new agriculture policy has been jointly prepared by the ministries of Commerce, Agriculture, and Food Processing. The Commerce Ministry will also set up a series of centres in states to help farmers and exporters to brand and sell products to international market,” he said.