We have obtained an advance authorisation and got it invalidated in favour of a domestic supplier for supply of an intermediate. The domestic manufacturer has
Category: EXIM
Foreign Trade Policy–One hobbled step forward | Business Standard Column
In a welcome move, the Director General of Foreign Trade (DGFT) has prescribed a procedure for grant of benefits under the Merchandise Exports from India Scheme (MEIS)
Import duty misstep | Business Standard Editorials
The government is reportedly considering a further increase in duties on crucial components used in the manufacturing of electronics. In particular, the Union ministry of
Boycotting Chinese goods is pie-in-the-sky for now; there is no alternative to imports – The Financial Express
Ever since the Pulwama attack that killed CRPF jawans and the continued Chinese cover for Pakistan—China, once again, thwarted India’s efforts to have Jaish-e-Mohammad chief
Rupee: Dollar-rupee swap: RBI chief between a rock and a hard place – The Economic Times
By Andy Mukherjee Several theories explain why India’s new central bank governor took his boldest step yet. Little attention has been paid to the consequences.
Anaemic exports growth | Business Standard Editorials
According to the trade data released by the Union ministry of commerce on Friday, India’s trade deficit is at the lowest it has been for
In duty drawback, a readymade short-term gain for SMEs: CRISIL | Business Standard News
CRISIL expects the export incentives announced by the government in December 2018 to materially benefit the readymade garments (RMG) segment. In fiscal 2018, the segment housed about 37,400
India can’t look for US support and fight a trade war with it – The Financial Express
We were hoping against all hope. The message was loud and clear but we were turning a deaf ear to it. After months of simmering
Anup Wadhawan: India to achieve $330 bn record exports this fiscal: Commerce Secy Anup Wadhawan – The Economic Times
Notwithstanding global challenges like protectionist measures by some countries, India is projected to achieve all- time record exports of $330 billion in fiscal 2018-19 with a major contribution coming
Indian exports can thrive sans GSP sops–Economic Times
India can and should take the US move to remove tariff concessions for India under the Generalised System of Preferences (GSP) in its stride. India
Trade error | US steps to raise tariffs –Business Standard Editorials
The United States administration has decided to exclude imports from India and Turkey from its Generalised System of Preferences (GSP) scheme. The scheme allows for
India shrugs off US move to end preferential trade treatment – The Hindu BusinessLine
Impact limited to $190 m a year, says Commerce Secretary; will continue talks to iron out differences The duty-free status available to 3,500 Indian goods
Chinese cheer for Indian exports – The Hindu BusinessLine
Amidst growing concerns about the trends in India’s export growth over the coming months due to perceptible signs of a cooling global economy is an
Court orders halt to arbitrary govt |Advance Authorization Scheme– Business Standard Column
In a telling judgment, the Gujarat high court has, in the case of Maxim Tubes Company and Others vs Union of India, struck down the pre-import condition
MEIS benefits allowed for exports through courier, says expert | Business Standard News
We are a manufacturer-exporter of engineering goods (automobile parts). We make regular exports through couriers. Para 3.06 (i) of FTP restricts MEIS benefits to only Appendix-3C items for exports through
US, Canada may object to India’s quantitative cap on pulses imports – The Hindu BusinessLine
India is set for another trade face-off with the United States and Canada at the World Trade Organisation (WTO). According to a senior Union Commerce
GST Council may take up exporters’ plea to switch to better duty refund option – The Hindu BusinessLine
Recommendation made by committee of CBIC, DGFT officials to be examined The GST Council may take up a plea by exporters to be allowed to
Importers, Tax dept approach Supreme Court over GST “self-assessment” – The Economic Times
If an importer has paid higher tax can he get a refund after finding his own mistake? About 25 importers are fighting the tax department
Rupee goes from best performing Asian currency to worst as oil, Kashmir puncture sentiment–The Print
India’s rupee has gone from being the best-performing Asian currency last quarter to the worst this year as rising crude prices and tensions over Kashmir
Flow of credit, caution listing, GST refunds a concern for exports: Industry tells govt – The Economic Times
Industry body CII also emphasised that it is critical to address issues related to trade financing, incentives and logistics, to help exporters become globally competitive.
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