Building Atmanirbhar Bharat: Licences likely for furniture, toys and sports gear imports

The government has decided to license these imports after finding that higher duties have been ineffective in reducing the amount of goods coming into India, even as they raise costs for domestic industry. The licence requirements serve as non-tariff barriers that discourage imports. According to experts, cheap imported goods have been finding their way into the country through the misuse of free trade agreement route.

from Economy-News-Economic Times https://ift.tt/2Xl55rc