Chennai Sea Port Customs has exposed smuggling of 1,317 tonnes of Muriate of Potash (MOP) worth INR 50 Million to Malaysia and Vietnam from Chennai and Thoothukudi (Tuticorin) sea ports.
Why this smuggling ?
- India imports MOP at $630 per tonne (approximately INR 30,000) and sells it to farmers at INR 4,455 per tonne. Remaining INR 26,000 per tonne, is treated as farm subsidy.
- Smart Indian exporters buy this from Indian market through illegal means, and export it to earn quick money.
- Smuggling was done by declaring MOP as industrial salt.
- It has now been found that, a month back 49 containers of MOP (1,225 tonnes) were sent to Lotus Global and Trading in Malaysia.
- Export firms suspected to be involved in smuggling:
- Three Bangalore-based companies
- Four Chennai-based companies
- Pondicherry-based Zandra Trading
- Vizag-based Blue Ocean Logistics
- In addition several middlemen are suspected to be involved in this activity.
Read as pdf from Dept of Fertilizers, Ministry of Chemicals & Fertilizers, GOI: General guidelines for import of fertilizers under the Concession Scheme for decontrolled Phosphatic & Potassic (P & K) fertilzers dated August 17, 2009.
Read more from The Times of India.
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