Current account deficit is one of the most important challenges facing the Indian economy. It reduced economic growth to 4.8% from an average growth of 5.5%. The current account records an economy's trade in goods and services with other countries around the world. It consists of net trade, i.e. exports minus imports of goods, net trade of services and net transfers to and from the country. The account balance before calculation of transfers is also called the trade balance. now we can define the current account deficit, which means that if the CAB has a negative value while if the CAB has a positive value it will be called current account surplus. In practice, the current account deficit, also known as CAD, means that there is a negative trade balance. In the Indian economy CAD has happened because there are more imports than exports. While a current account deficit may be considered akin to a country living “beyond its means,” having a current account deficit is not inherently bad. If a country uses external debt to finance investments that have a higher return than the interest rate on the debt, it can remain solvent despite having a current account deficit. If a country is unlikely to be able to cover current debt levels with future revenue streams, it could become insolvent. GDP was sustainable. During 2011-2012, the CAD exceeded the 4.0% of GDP level and there was a net draw on reserves amounting to approximately $13 billion. The CAD started to increase in the second half of paper… and packaging requirements: Importation of all edible products such as tea, domestic sales and production of these products are included in this law. These products must comply with certain quality and packaging requirements mentioned in this law.ii. Shelf life: The product mentioned under this Act is further subject to the condition that, at the time of importation, the products have a valid shelf life of not less than 60%. Of his own original life. The shelf life of the product is calculated based on the manufacturing date and the expiry date indicated on the back of the product or on the product labeliii. Meat and meat products, including poultry products: When importing meat and poultry products, certain conditions are required regarding production, slaughter, packaging, labeling and quality conditions required by law.