ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Government eases port restriction for leather exporters to enhance trade

In a move to facilitate leather traders, the Union Government has removed key procedural restrictions applicable to the export of value-added leather products.

ANI May 27, 2025 07:48 IST googleads

Representative Image

New Delhi [India], May 27 (ANI): In a move to facilitate leather traders, the Union Government has removed key procedural restrictions on the export of value-added leather products.
Easing port norms will enhance the export of leather from the country and enhance Ease of Doing Business in India.
The Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, has issued a Notification No. 15/2025-26 dated May 26, 2026, removing key procedural restrictions applicable to the export of value-added leather products.

This step is expected to reduce compliance burden and improve ease of doing business for exporters, the Commerce Ministry said.
Port restrictions have been withdrawn, allowing export of Finished Leather, Wet Blue Leather, and EI Tanned Leather from any port or Inland Container Depot (ICD).
Earlier, these exports were restricted to specific notified ports. The mandatory requirement for testing and certification by the Central Leather Research Institute (CLRI) for export of Finished Leather, Wet Blue Leather, Crust Leather, and EI Tanned Leather has also been dispensed with.
These procedural requirements were originally instituted to monitor the export of value-added leather products and distinguish them from raw hides and dutiable items.
However, with the removal of export duties on such leather categories and the clear physical distinction between processed and raw leather, the existing checks were considered redundant.
The decision follows consultations with stakeholders, including the Council for Leather Exports, Leather Exporters and Central Leather Research Institute (CLRI).
It is expected to streamline export procedures, reduce transaction costs, and benefit MSME exporters in particular, the Commerce and Industry Ministry added.
The Council for Leather Exports (CLE) has set a target of USD 47 billion by 2030, of which USD 13.7 billion is for the export sector.
The government has implemented several reforms to boost trade and industry. The Basic Customs Duty (BCD) on wet blue leather has been reduced from 10 per cent to zero, effective 2nd February 2025, addressing a key industry demand, while export duty on crust leather has been eliminated.
The reforms also support India's efforts to enhance export competitiveness in the global leather value chain while maintaining transparency and quality standards under general customs provisions, the Ministry added. (ANI)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Business

With India’s Fasteners Market Projected at USD 17 Billion by 2034

With India’s Fasteners Market Projected at USD 17 Billion by 2034

New Delhi [India], March 12: The Indian fasteners market continues to demonstrate strong momentum, having reached USD 11.2 billion in 2025 and is projected by the IMARC Group to surge to USD 17.0 billion by 2034, reflecting a robust CAGR of 4.67% during 2026-2034. This dynamic growth is fueled by the expansion of the automotive, construction, and industrial sectors, as well as increasing demand for high-performance, lightweight fasteners, and strategic government initiatives such as "Make in India." In this thriving context and to boost domestic manufacturing, Messe Stuttgart India has launched FASTNEX 2027 with its highly anticipated Signature Edition, set to take place from 8th to 10th February 2027 at the Bombay Exhibition Centre, Mumbai. The event stands as a crucial platform for industry professionals to showcase innovative products, access market intelligence, foster collaborations, and expand their business networks, ultimately contributing to the overall advancement of India's manufacturing sector.

Read More
Business

VinFast Continues Building Layered Path for EV Transition

VinFast Continues Building Layered Path for EV Transition

Gurugram (Haryana) [India], March 12: VinFast's latest "Trade Gas for Electric" programme adds new incentives for petrol car owners switching to EVs, reinforcing a broader strategy that combines exchange support, resale value guarantees, long warranties and service expansion in India.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.