Government removes export curbs on N-95 masks

Government removes export curbs on N-95 masks

AgenciesUpdated: Wednesday, October 07, 2020, 12:09 AM IST
article-image
Government removes export curbs on N-95 masks | Photo by Axios

The government on Tuesday removed export curbs on N-95 masks, which are in demand due to the COVID-19 pandemic, with a view to promote outbound shipments of the product.

Earlier, exporters were required to seek licence from the government for export of these masks.

"The export policy of N-95/FFP-2 masks or its equivalent is amended from restricted to free category making all types of masks freely exportable," the Directorate General of Foreign Trade (DGFT) said in a notification.

In August, a monthly export quota of 50 lakh units was fixed for N-95/FFP2 masks or its equivalent for issuance of export licenses to eligible applicants.

Commerce and Industry Minister Piyush Goyal in a tweet said, "India is making for the world: N95 and FFP2 masks can now be exported freely to countries across the world." Welcoming the decision, Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said huge export demand is there in the global market for these masks.

RECENT STORIES

Mitesh Mangaonkar: Leading Innovator In Data Engineering And Cloud Computing

Mitesh Mangaonkar: Leading Innovator In Data Engineering And Cloud Computing

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

LIC Issues Cautionary Notice Against Fraudulent Social Media Advertising; Shares Close Up By 0.70%

LIC Issues Cautionary Notice Against Fraudulent Social Media Advertising; Shares Close Up By 0.70%