Tag: Imports
17 Results
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Government exempts customs duty on cotton imports till Sept 30
The Central Board of Indirect Taxes and Customs (CBIC) has notified the exemption from Customs duty and Agriculture Infrastructure development Cess for import of cotton.
April 15, 2022 -
Nepal curbs imports of cars, cosmetics as it gets compared with Sri Lanka
According to the country's central bank, Nepal Rastra Bank, foreign currency reserves fell by more than 16 per cent to 1.17tn Nepali rupees ($9.59bn) in the seven months to the middle of February.
April 12, 2022 -
India’s exports make a sharp recovery, overall exports shoot up by 36%
According to the figures released by the Ministry of Commerce & Industry India’s exports, Merchandise and Services combined in February 2022 are estimated to be USD 57.03 Billion, exhibiting a positive growth of 25.41 per cent over the same period last year and a positive growth of 27.07 per cent over February 2020.
March 14, 2022 -
Japan’s imports hit record high in Nov
The trade balance marked red ink for the fourth month in a row with imports rising for the 10th consecutive month on growing prices of crude oil from producers such as the United Arab Emirates.
December 16, 2021 -
India’s September exports, imports rise over 22% YoY
"Non-petroleum and non-gems and jewellery exports in September 2021 were $25.34 billion, as compared to $21.33 billion in September 2020, registering a positive growth of 18.82 per cent,"
October 14, 2021 -
Reducing imports and generating employment; key elements of Atmanirbhar Bharat
There are an estimated 139 million migrants in the country and due to the pandemic and the lockdown, about 400 million workers would be poverty-stricken.
October 1, 2020 -
Ahead of Trump’s visit, India offers to open up to US agri, poultry exports for limited trade deal
India, the world's largest milk-producing nation, has traditionally restricted dairy imports to protect the livelihoods of 80 million rural households involved in the industry.
February 14, 2020 -
LG for import duty exemption on open cell television panels
At present, imported open cell television panels attract five per cent customs duty. The South Korean giant also said it will continue to manufacture TV sets in India, and invest to enhance its capacity.
July 14, 2019 -
Brands, retailers urged to focus on local sourcing
The appeal was made following the observation of a 53 per cent jump in imports of readymade garments from Bangladesh, ITF Convenor, Prabhu Dhamodaran said in a statement here.
May 27, 2019 -
RBI stops use of LoUs for trade credit for imports
In a major decision, RBI on Tuesday banned banks from issuing Letters of Undertaking (LoUs) — instruments used allegedly by diamantaire Nirav Modi and his uncle Mehul Choksi to defraud state-owned PNB of Rs nearly 13,000 crore in connivance of bank officials. The RBI said the decision to discontinue the practice of LoUs and Letters …
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March 13, 2018 -
ASSOCHAM seeks 10% customs duty on pulp imports in Budget
Industry chamber ASSOCHAM has urged the Centre to impose 10 per cent customs duty on import of hardwood chemical pulp and bleached chemi-thermo mechanical pulp to encourage domestic production. “The move will provide fillip to job creation and promote overall economic development of India’s vast rural hinterland housing pulpwood plantations,” the industry chamber said in …
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January 16, 2018 -
Commerce Min for slashing gold import duty in Budget
The commerce ministry has pitched for reduction in import duty on gold in the forthcoming Budget with an aim to promote gold jewellery exports, a senior government official said. The Gems and Jewellery Export Promotion Council (GJEPC) has demanded cut in import duty on gold to 4 per cent from the current 10 per cent. …
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January 15, 2018 -
India’s April-October trade deficit with China at $36.73 bn
India’s trade deficit with China stood at $36.73 billion for the period of April-October period, parliament was informed on Monday. Imports from China stood at $43.46 billion, while exports stood at $6.73 billion during the period under review, Minister of State for Commerce & Industry C.R. Choudhary told the Lok Sabha in a written reply. In …
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December 19, 2017 -
Jaitley-led panel reviews edible oil availability
An inter-ministerial panel headed by Finance Minister Arun Jaitley on 27 July reviewed edible oil availability in the country and discussed ways to deal with rising imports, sources said. Although no decision was taken by the inter-ministerial group (IMG), sources said, a cabinet secretary-led panel comprising secretaries from the ministries of finance, commerce, food and …
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July 28, 2017 -
‘India-Africa trade may touch $117 bn by 2020-21’
India's trade with African countries is likely to touch $117 billion by 2020-21 on account of improved economic ties and strong business opportunities, according to a report. Indian exports to the African continent are expected to grow to $70 billion by 2021-22 from $24 billion in 2015 -16 due to rising complementaries, the PHD Chamber …
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July 24, 2017 -
Chinese exports, imports beat expectations in June
Growth in Chinese exports and imports outstripped expectations in June, data showed on Thursday, fuelling hopes of stability in the world's second-largest economy. Exports rose 11.3 per cent from a year ago to $196.59 billion, the customs administration said, topping a Bloomberg News forecast of 8.9 per cent. Imports were up 17.2 per cent year-on-year …
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July 13, 2017 -
Govt may impose countervailing duty on certain steel products
The government may impose countervailing duty of 18.95 per cent on imports of certain kind of flat steel products from China to guard domestic players from cheap imports. In its final findings, the Directorate General of Anti- Dumping and Allied Duties (DGAD) has concluded that despite sufficient demand in India and capacities, the domestic industry …
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July 10, 2017