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In a major blow to companies ranging from FMCG and liquor to consumer durables and footwear, the government-controlled Canteen Stores Department (CSD), which operates canteens for the defence forces, is set to ban all ‘direct imported’ items.
‘Direct imported’ items would include those that are shipped from other countries in finished form. In the liquor segment, for instance, Scotch brands that are bottled in Scotland will be banned but those that have imported ingredients, but bottled in India, will continue to occupy the shelves. Read More…
