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Indian government moves to restrict tyre imports

Author: Chris Anthony Comments: 1

India officials have announced restrictions on imports of passenger car, two-wheel, truck and bus tyres in a bid to help boost domestic tyre
manufacturing.

Tyre imports now need permission even after paying the customs duty, according to the rules outlined in an amendment in the import policy of pneumatic tyres by the Directorate General of Foreign Trade (DGFT) under the Union Commerce Ministry.

Previous to the new policy, no restrictions applied to imported tyres apart from various import duties over the years. The measures com in parallel with the Indian government’s “Go Vocal for Local” post-Covid self-sufficiency drive.

Imports of tyres into India were worth $260.72 million in April-February 2019-20 compared to $330.72 million in 2018-19.

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Comments
Robert M Reid June 22, 2020
This will be the common protective domestic measures trend that we will see applied in the short term in many countries. Next to come will be Brasil, USA, EU and others. Surely China will be seriously affected.
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