ISBN: - 978-93-88936-09-5 2001. As per provisions of GATT 1994, each WTO member country is bound to limit its import duty ceiling, called bound rate, which was fixed by member’s country. The bound rate committed by India is 25 per cent for all forms of NR except for NR latex. In India had been an importer of NR as result of the faster growth of the rubber goods manufacturing industries in the country. The consumption has been growing at a faster rate than production during the last few decades as a result of captive domestic market supplemented by the protectionist policies pursued by the government. Import of NR in India during the period from 2001 to 2005 was permitted only through the customs port of Kolkata and Visakhapatnam. EXPORT OF NATURAL RUBBER: Export of NR during the crucial period has not only helped to reduce the excess stock of NR in the country, but also has been instrumental in maintaining the demand-supply balance in spite of the surge in imports. The main factors contributing to the buoyancy in export were the export promotional measures adopted by the government of India and the prevalence of relatively higher NR price in the international market since June 2003. The following table explains the Month wise export of NR from our country from 2002-03 to 2012-13. 140
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