Govt imposes curbs on exports of HFCs to boost domestic availability


Exporters will now have to seek permission from the government to export hydrofluorocarbons (HFCs)

Topics


Indian exports | Exports | HFCs

pharma, chemicals

Representative image

The government on Wednesday imposed curbs on exports of hydrofluorocarbons, used in refrigeration and air-conditioning, to boost domestic availability of the chemical.

Exporters will now have to seek permission from the government to export hydrofluorocarbons (HFCs).

“Export policy of hydrofluorocarbons has been revised from free to restricted category with immediate effect, and export authorisations would be issued on NOC (No Objection Certificate) from MoEF and CC (Ministry of Environment, Forest and Climate Change),” the Directorate General of Foreign Trade (DGFT) said in a notification.

The move assumes significance as the government has extended a Rs 6,238-crore PLI (Production-Linked Incentive) scheme for white goods to boost the manufacturing of components and sub-assemblies of ACs and LED lights.

Earlier this month, the government had imposed similar curbs on imports of HFCs.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, March 23 2022. 16:34 IST