Centre to review tyre import norms as rubber prices fluctuate

AMID fluctuating prices impacting the rubber plantation sector, the Union Government is taking decisive steps to address the long pending concerns raised by farmers regarding the loopholes in the import rules of rubber.

- EXPRESS NEWS SERVICE @Kottayam

Aiming to tighten regulations and prevent illegal import of rubber, the Directorate General of Foreign Trade (DGFT) under the Union Ministry of Commerce and Industry has taken steps for a comprehensive review of the Standard Input Output Norms (SION) rates for tyre products. According to reports, the DGFT has issued a trade notice announcing a comprehensive review of the SION applicable to automobile tyres.