Govt suspends power of Cashew Export Promotion Council

The government on Monday suspended the power of the Cashew Export Promotion Council to issue or renew Registration-Cum-Membership Certificate (RCMC) for cashew kernels, cashewnut shell liquid and kardanol and authorised the Agricultural and Processed Food Products Export Development Authority (APEDA) for the same.
Both the agencies are arms of the commerce and industry ministry. Export Promotion Councils and commodity boards issue RCMCs to companies to help them in their export-related works and avail duty benefits under the foreign trade policy.