Sponsored
    Follow Us:
Sponsored

The government today banned exports of milk powder and its products to boost domestic supplies and check rising prices of milk. Besides, export of casein and its products, a protein derivative of milk, has also been banned by the Commerce Ministry.

Milk prices have risen by about 20 per cent in the retail market and by 12 per cent at the wholesale level in the last one year, adding to the food inflation which is well into the double digit.

The ban will apply to skimmed milk powder, whole milk powder, dairy whitener and infant milk foods “till further orders”, Directorate General of Foreign Trade (DGFT) said.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031