Essential Commodities Act

Conditional exemption to exporters under the Essential Commodities Act, 1955

The Union Cabinet yesterday approved exemption to exporters having IEC Code issued by DGFT from the purview of stock holding limits under the Essential Commodities Act, 1955 with respect to edible oilseeds, edible oils and rice. This will help exporters benefit from economies of scale and bigger operation for optimally meeting export demands on a… Read More

Tags: BusinessCabinet of IndiaCooking oilDGFTEssential Commodities ActExportFood and Related ProductsGrains and LegumesImport and ExportInvestingTaiwanUnion CabinetVegetable oil

Removal of controls imposed under the Essential Commodities Act, 1955

Removal of controls imposed under the Essential Commodities Act, 1955;¬†Extension of the validity of Central Orders dated 27.09.2012 in respect of pulses, edible oils and edible oilseeds beyond 30.09.2013 The Union Cabinet today approved the proposal for extending the validity of the Central Order of 27.09.2012 issued in respect of pulses, edible oils and edible… Read More

Tags: Central OrderCommodityCooking oilEssential Commodities ActIndiaPulsesState GovernmentVegetable oil

Measures to Control Price Rise of Essential Commodities

The Government has resorted to several measures in consultation with Ministries to control the prices and improve the availability of essential commodities. The steps in operation inter-alia include allowing import of various items of mass consumption at zero or concessional import duties together with restrictions on exports, prescribing stockholding limits under Essential Commodities Act and… Read More

Tags: APLDelhiEssential Commodities ActKolkataMumbaiMung beanRajya SabhaVigna mungo

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