Business
Import of Paper brought under Compulsory Registration from 1st October
Move addresses dumping concerns of the domestic paper industry and also checks re-routing of goods through other countries in lieu of trade agreements […]
DGFT
Business
Govt lifts export prohibition on bamboo charcoal for higher profitability in industry
The government has lifted the “export prohibition” on bamboo charcoal, a move that would facilitate optimum utilization of raw bamboo and higher profitability in the Indian bamboo industry. […]
Business
Government Announces Some Relaxation In Wheat Export Notification
Government announces some relaxation in wheat export notification; Allows wheat consignment already registered with Customs prior to the order
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Finance
Exchange Rates w.e.f 21 Jan 22
The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies for the purpose of the said section, relating to imported and export goods. […]
Finance
Currency Exchange Rates Released
The Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies for the purpose of the said section, relating to imported and export goods. […]
Finance
New Forex Rates w.e.f. 4 Nov 21
The Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of foreign currencies for the purpose of the said section, relating to imported and export goods. […]
Agriculture & Commodities
Indian exports for Sep 21 sees USD 54.06B
India’s overall exports (Merchandise and Services combined) in September 2021* are estimated to be USD 54.06 Billion, exhibiting a positive growth of 21.44 per cent over the same period last year and a positive growth of 26.03 per cent over September 2019. Overall imports in September 2021* are estimated to be USD 68.49Billion, exhibiting a positive growth of 70.00 per cent over the same period last year and a positive growth of 44.11 per cent over September 2019. […]
Finance
New currency exchange rates w.e.f. 2 Jul
The Central Board of Indirect Taxes and Customs hereby determined that he rate of exchange of conversion into Indian currency for the purpose of imported and export goods w.e.f. 2nd July 2021 […]
Finance
India’s Foreign trade until May 21 sees $5.85B Deficit
India’s overall exports in April-May2021 is estimated to be USD 98.29B and Overall imports in April-May2021 is estimated to be USD 104.14B hence showing a deficit of USD 5.85B […]
Business
India Opens new financial year with 6.93B trade deficit
India’s overall exports in April 2021 are estimated to be USD 51.79Billion and Overall imports in April 2021 are estimated to be USD 58.72Billion, exhibiting a total trade deficit of US$6.93B […]
Agriculture & Commodities
Commerce Minister holds meeting with all Export Promotion Councils
Shri Piyush Goyal holds meeting with the Export Promotion Councils to discuss various issues concerning the international trade […]
Agriculture & Commodities
India’s Merchandise IMPEX for Apr21 is $75.66B
India’s merchandise exports in April 2021 was USD 30.21 billion and merchandise imports was USD 45.45 making the country a net importer with a trade deficit of USD 15.24 billion […]
Agriculture & Commodities
DGFT setup COVID-19 Helpdesk for International Trade related Issues
DGFT’s COVID-19 Helpdesk to look into issues relating to Department of Commerce/DGFT, Import and Export Licensing Issues, Customs clearance delays and complexities arising thereon, Import/Export documentation issues, Banking matters etc. […]
Technology
DGFT Trade Facilitation App launched to support Import-Export
Shri Piyush Goyal launches “DGFT Trade Facilitation App” for Providing instant access to Exporters/Importers any-time any-where; Says Trade facilitation App is READY for Industry 4.0; […]
Finance
INDIA’S MERCHANDISE TRADE: Exports at US$27.67B and Imports at US$40.55B
India’s merchandise exports in February 2021 was USD 27.67 billion while India’s merchandise imports in February 2021 were USD 40.55 billion to have a trade deficit of USD 12.88 billion […]
Business
DGFT organizes Webinar on Export Controls
MEA/DGFT, in cooperation with the Indian Chamber of Commerce, organised a Webinar on Export Controls for industries operating in special materials, materials processing, equipment and engineering sectors […]
Agriculture & Commodities
Edible Oil Import rates see a jump of $100 per MT from last month
In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-
Business
Government sets Committee to strengthen the Capital Goods Sector
The government has set up a 22-member inter-ministerial committee in strengthening the Capital Goods(CG) Sector through interventions that help the CG Sector […]
Finance
CRCL Enhanced and Contactless Customs for faster import/export clearances
Shri M. Ajit Kumar, Chairman, Central Board of Indirect Taxes & Customs (CBIC) yesterday unveiled several new and modern testing equipment inducted into the Central Revenues Control Laboratory (CRCL) which would significantly enhance the in-house testing capability of the Customs leading to faster import and export clearances. […]
Business
Local to Global: Khadi Masks to Hit Foreign Markets
Khadi face mask is set to go “global”. The (KVIC) will now explore the possibility of exporting the Khadi cotton and silk face masks to foreign countries […]
Business
The government needs to extend the SEIS Scheme: tourism industry
The government needs to extend the SEIS Scheme and increase from 7% to 10% to revive the tourism industry […]