The government on Thursday prohibited imports of cigarette lighters if the price per unit is less than Rs 20, with a view to discourage inbound shipments of the product.
"The import policy of cigarette lighters...is revised from 'free' to 'prohibited'. However, import shall be free if CIF value is Rs 20 or above per lighter," the directorate general of foreign trade (DGFT) said in a notification.
CIF value (cost, insurance, and freight) is a trade term used in international commerce to determine the total value of goods being imported.
The prohibition has been imposed on pocket lighters, gas fuelled, non-refillable or refillable.
Imports of pocket lighters, gas fuelled, non-refillable stood at USD 0.66 million in 2022-23. It was USD 0.13 million in April this fiscal.
Similarly, the inbound shipments of pocket lighters, gas fuelled, and refillable, stood at USD 8.87 million in 2022-23 against USD 7 million in 2021-22. It was USD 0.96 million in April of this fiscal.
These are imported mainly from Spain, Turkey and the UAE.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
"Reforms Focus Not For Editorials, But To Make Country Strong": PM's I-Day Speech
Export Of Non-Basmati White Rice Banned By Government US Man Kills Hotel Staff Over Cigarette Lighter "Nature Lit Cancer": Internet Unhappy With The Video of Solar Powered Cigarette Lighter 2 French Rafale Jets Collide Mid-Air, Instructor, Pilot Missing Ayatollah Khamenei Warns Of "Divine Wrath" If Iran Backs Down Against Israel 9 Arrested For Violence At Kolkata Hospital Where Doctor Was Raped-Murdered Musk Has A Favourite Interview Question That Experts Say Can Catch Liars Assam Cops Find "IED-Like Material" After Terror Group Says It Planted Bombs Will Build Education System So That Youngsters Do Not Go Abroad: PM Modi Track Latest News Live on NDTV.com and get news updates from India and around the world.