DGFT Eases Export Obligation for Walnut Importers

The Directorate General of Foreign Trade has extended the export obligation period for walnuts under the Advance Authorisation scheme to 18 months. This move aligns walnuts with other products and removes the previous 180-day constraint, facilitating easier re-export for traders.

The Directorate General of Foreign Trade (DGFT) announced an extension for the export obligation period concerning walnuts imported under the Advance Authorisation scheme. Previously, importers were required to re-export the processed (shelled) products within 180 days, a timeline similar to other select items such as tea and raw sugar (180 days), and gold (120 days).

However, a recent public notice from the DGFT has extended this timeframe to 18 months, aligning walnuts with the broader export obligation norms applicable to most products under advance authorisations. This revision translates into more flexibility for traders, who can now manage logistics and market conditions more effectively.

India's walnut imports in 2024 amounted to USD 1.6 billion, with the United States being the largest exporter, accounting for 66.8 per cent or approximately USD 1.07 billion of the total imports. The change in export obligations reflects a strategic move to ease trade processes and foster increased participation in the market.

(With inputs from agencies.)