https://www.taxscan.in/central-govt-amends-import-policy-of-second-hand-laptops-desktops-monitors-and-printers-from-sez-to-dta/359318/ The Directorate General of Foreign Trade (DGFT), vide notification no. 56/2023 dated January 01, 2023 has notified the amendment in the import…
Category: EXIM
Red Sea crisis: Finance Ministry to ease export credit, check insurance cost – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/red-sea-crisis-finance-ministry-to-ease-export-credit-check-insurance-cost/article67748402.ece Clipped from: https://www.thehindubusinessline.com/economy/red-sea-crisis-finance-ministry-to-ease-export-credit-check-insurance-cost/article67748402.ece Inter Ministerial group including Commerce, MEA, Defence, DFS strategise on Red Sea crisis To help Indian trade deal with the Red Sea
No import restrictions on certain IT products like desktop computers: DGFT
https://www.business-standard.com/industry/news/no-import-restrictions-on-certain-it-products-like-desktop-computers-dgft-124011300454_1.html Clipped from: https://www.business-standard.com/industry/news/no-import-restrictions-on-certain-it-products-like-desktop-computers-dgft-124011300454_1.html In August 2023, the government imposed restrictions on certain IT hardware goods and later after domestic and foreign firms flagged their concerns,
US Trade Rep urges India to consult the US on import rules for laptops, PCs – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/us-trade-rep-urges-india-to-consult-the-us-on-import-rules-for-laptops-pcs/article67737941.ece Clipped from: https://www.thehindubusinessline.com/economy/us-trade-rep-urges-india-to-consult-the-us-on-import-rules-for-laptops-pcs/article67737941.ece Washington agrees to work with India on critical minerals, social security pact, market access for agri products at 14th India-US TPF New
Red Sea crisis pumps up global container prices, ocean freight rates
https://www.business-standard.com/economy/news/container-freight-rates-continue-to-escalate-with-ongoing-red-sea-crisis-124011200843_1.html lipped from: https://www.business-standard.com/economy/news/container-freight-rates-continue-to-escalate-with-ongoing-red-sea-crisis-124011200843_1.html At $3,072, prices per 40-foot container highest in 15 months trade, container, logistics Listen to This Article As the situation in the
US to India: Ensure personal computer import rules don’t hurt trade
https://www.business-standard.com/economy/news/us-urges-india-to-avoid-restricting-trade-with-new-it-import-system-124011200979_1.html Clipped from: https://www.business-standard.com/economy/news/us-urges-india-to-avoid-restricting-trade-with-new-it-import-system-124011200979_1.html The DGFT clarified that the present monitoring would apply to five specified products and not to all other items, such as desktop
Red Sea crisis: Key Ministries to strategise on minimising damage to trade – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/red-sea-crisis-key-ministries-to-strategise-on-minimising-damage-to-trade/article67731170.ece Clipped from: https://www.thehindubusinessline.com/economy/red-sea-crisis-key-ministries-to-strategise-on-minimising-damage-to-trade/article67731170.ece Senior officials will discuss possible solutions to increasing shipping, insurance costs; promote exports to countries not on the route The Commerce Department
Scope of India-UK FTA – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/scope-of-india-uk-fta/article67724326.ece Clipped from: https://www.thehindubusinessline.com/opinion/scope-of-india-uk-fta/article67724326.ece The forthcoming round of talks will give a leg-up From September 18 to December 15, 2023, the UK-India Free Trade Agreement’s thirteenth
Prolonged crisis in Red Sea could severely dent India’s foreign trade – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/prolonged-crisis-in-red-sea-could-severely-dent-indias-foreign-trade/article67720124.ece Clipped from: https://www.thehindubusinessline.com/economy/prolonged-crisis-in-red-sea-could-severely-dent-indias-foreign-trade/article67720124.ece At stake is trade in numerous items and critical commodities including crude oil as shipping and insurance costs escalate A prolonged Houthi
India’s exports may plunge $30 bn owing to disturbance in Red Sea
https://www.business-standard.com/economy/news/india-s-exports-may-plunge-30-bn-owing-to-disturbance-in-red-sea-124010800798_1.html Clipped from: https://www.business-standard.com/economy/news/india-s-exports-may-plunge-30-bn-owing-to-disturbance-in-red-sea-124010800798_1.html Yemen’s Iran-backed Houthi militants have targeted vessels transiting through the Red Sea with missiles. The Houthis say they are going after any
Aatmanirbhar Bharat successful because India stayed out of RCEP: Mahajan
https://www.business-standard.com/economy/news/aatmanirbhar-bharat-successful-because-india-stayed-out-of-rcep-a-mahajan-124010700613_1.html Clipped from: https://www.business-standard.com/economy/news/aatmanirbhar-bharat-successful-because-india-stayed-out-of-rcep-a-mahajan-124010700613_1.html We are not against foreign trade, and neither are we against agreements. But we need to ensure that whatever agreements we sign
Red Sea crisis: No claims yet, but insurance cost may rise if tensions grow
https://www.business-standard.com/finance/insurance/red-sea-crisis-no-claims-yet-but-insurance-cost-may-rise-if-tensions-grow-124010700526_1.html Clipped from: https://www.business-standard.com/finance/insurance/red-sea-crisis-no-claims-yet-but-insurance-cost-may-rise-if-tensions-grow-124010700526_1.html Insurers are keeping a close eye on the developments and have made an upward revision to their risk perception with companies turning
Red Sea-Somali piracy shakes shipping industry, international trade
https://www.business-standard.com/economy/news/red-sea-somali-piracy-shakes-shipping-industry-international-trade-124010700639_1.html Clipped from: https://www.business-standard.com/economy/news/red-sea-somali-piracy-shakes-shipping-industry-international-trade-124010700639_1.html Shippers face 25% higher cost due to rerouting Red Sea (Photo: Bloomberg) Increasing attacks on merchant vessels travelling through the Red Sea
Russian oil losing competitive edge in India as prices rise – The Hindu BusinessLine
https://www.thehindubusinessline.com/markets/commodities/russian-oil-losing-competitive-edge-in-india-as-prices-rise/article67708668.ece Clipped from: https://www.thehindubusinessline.com/markets/commodities/russian-oil-losing-competitive-edge-in-india-as-prices-rise/article67708668.ece Less attractive discounts, rather than payment bottlenecks, compelled refiners to seek alternative crude oil sources, India’s Oil Minister Hardeep Singh Puri said
Red Sea crisis takes toll on India’s exports as shipping, insurance costs rise – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/red-sea-crisis-takes-toll-on-indias-exports-as-shipping-insurance-costs-rise/article67710251.ece Clipped from: https://www.thehindubusinessline.com/economy/red-sea-crisis-takes-toll-on-indias-exports-as-shipping-insurance-costs-rise/article67710251.ece Govt providing security to some shipments on the Red Sea but exporters using the route decline The Red Sea crisis has started
A year of Australia-India FTA: Great start but lots to do
https://www.business-standard.com/opinion/columns/a-yr-of-australia-india-fta-great-start-but-lots-to-do-124010201161_1.html Clipped from: https://www.business-standard.com/opinion/columns/a-yr-of-australia-india-fta-great-start-but-lots-to-do-124010201161_1.html ECTA provides the framework for long-term growth in our trade. Ninety-six per cent of Indian goods now enter Australia completely tariff-free. That
👌Commerce Ministry seeks exporters’ inputs on reducing compliance burden – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/commerce-ministry-seeks-exporters-inputs-on-reducing-compliance-burden/article67695474.ece Clipped from: https://www.thehindubusinessline.com/economy/commerce-ministry-seeks-exporters-inputs-on-reducing-compliance-burden/article67695474.ece Policies and procedures to be modified based on feedback to improve business environment The Commerce and Industry Ministry has asked export promotion
Ahead of 2024 elections, India looks to conclude three free trade pacts, including with UK – BusinessToday
https://www.businesstoday.in/latest/economy/story/ahead-of-2024-elections-india-looks-to-conclude-three-free-trade-pacts-including-with-uk-411316-2023-12-29 Clipped from: https://www.businesstoday.in/latest/economy/story/ahead-of-2024-elections-india-looks-to-conclude-three-free-trade-pacts-including-with-uk-411316-2023-12-29 According to sources, negotiations are at an advanced stage for three free trade agreements, including the India-Oman Comprehensive Economic Partnership Agreement, the
Exports to Australia see upward trend, owing to duty concessions under ECTA
https://www.business-standard.com/india-news/exports-to-australia-see-upward-trend-owing-to-duty-concessions-under-ecta-123122900845_1.html Clipped from: https://www.business-standard.com/india-news/exports-to-australia-see-upward-trend-owing-to-duty-concessions-under-ecta-123122900845_1.html Government officials said that there has been an uptick in exports of products, where duty concessions have been given under the trade
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