The government of India on 29 June 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. (ICE NEW DELHI)

Fonte notizia: The Economic Times