DGFT Amends Export Policy Conditions for Agarwood Chips, Powder, and Oil

The Directorate General of Foreign Trade (DGFT) has amended the export policy conditions for agarwood chips, powder, and oil. The new amendments aim to regulate the export of these products more effectively, ensuring sustainability in trade while protecting domestic resources. Agarwood, known for its aromatic properties, is a valuable commodity in international markets. The new policy introduces stricter guidelines for its export, including a requirement for exporters to provide proof of the legal sourcing of these products. The changes are expected to benefit both the environment and legitimate businesses engaged in the trade of agarwood products.