New Delhi, Jan 15 () Concerned over rise in imports in the ‘others’ category, Commerce and Industry Minister Piyush Goyal on Wednesday asked those importers to seek HSN or tariff code within 30 days from the foreign trade office, failing which the government would impose strong restrictions on their inbound shipments.
In trade parlance, every product is categorised under an HSN code (Harmonised System of Nomenclature). It helps in systematic classification of goods across the globe.
Goyal said India is facing “big” problem in the country’s imports of a category called “others” and in that category, all sorts of stuff is being imported into the country .
Citing an analysis, he said one out of the four products being imported in India is under this category.
Out of over USD 500 billion worth
Govt will put restrictions on imports of products under 'others' category: Goyal
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