India Permits Imports of PET Flakes Under Certain Conditions
India's Directorate General of Foreign Trade has permitted the import of PET flakes (made from recyclable plastic bottles) as long as the importer receives authorization from the DGFT and a no objection certificate from the Ministry of Environment, Forest and…
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Climate Change, the DGFT said in a Sept. 14 notice. The DGFT said imports are prohibited unless the following conditions are met: a unit is eligible for import only if it has used domestic waste to the extent at least 70% of the capacity in the previous year, the imports for the 2022-2023 year should be restricted to 20% of the production in 2021-2022 and 15% of the actual capacity used in the preceding year thereafter, an additional import up to 10% may be considered against exports of the product, and units would be eligible for import after at least one year of production.