India for the fourth time deferred the deadline to impose retaliatory customs duties on 29 US products, including almond, walnut and pulses, by another 45
Category: EXIM
Income Tax: Court order trips tax hounds in hunt for secret foreign assets–Economic Times
to a senior professional dealing in foreign exchange laws and PMLA, the tax department has been sending notices to even those who had invested abroad
‘IGST paid on imported inputs is excluded in definition of duty drawback’ | Business Standard News
We have used some imported duty paid goods in the manufacture of export product. We have not taken input tax credit of the IGST paid on the
Remittance bonanza has shored up balance of payments – The Hindu BusinessLine
Remittances from Indian workers, especially in the Gulf, have helped to conceal the failure of liberalisation to deliver the promised export boom Once again, the
‘Cutting gold import duty can mitigate illegal activities’ – The Hindu BusinessLine
Illegal activities associated with the gold business can be curbed if the government cuts import duty from the current 10 per cent to one or
RBI waves ED threat to keep exporters in line, foil hedging against rupee | Business Standard News
In a bid to crack down on hedging against the rupee, the Reserve Bank of India (RBI) has warned exporters that they could be reported to the Enforcement Directorate (ED) if
Big import duty cuts will boost economy – The Hindu BusinessLine
This, however, works best in tandem with elaborate product standards and non-tariff measures Finance Minister Arun Jaitley, speaking at an official event on December 4,
Larger fiscal deficit can put pressure on the economy – The Financial Express
The sharp depreciation in the currency fuelled big FPI withdrawal sales in the bond markets in September and October and another bout of weakness in
The future of oil prices | Business Standard Column
Opec’s decision on December 7 to cut production to shore up crude oil prices was expected. Whether this will have the intended effect is not
Trade war and China’s economic prospects | Business Standard Column
The world breathed a sigh of relief at the truce arrived at between US President Donald Trump and his Chinese counterpart, Xi Jinping in Buenos Aires on the sidelines of the recent G-20
Chaos may cast a shadow on global trade | Business Standard Column
The last fortnight has been marked by an escalation in geopolitical tensions and there’s every likelihood that the tensions will remain high. On the domestic
Export growth at a crawl in November as gems/jewellery, engineering goods falter – The Hindu BusinessLine
Fall in exports of gems & jewellery and engineering goods, two major product groups, slowed down India’s export growth to 0.80 per cent in November
CRUDE: India has no reason to worry; crude unlikely to hit $70: Vandana Hari, Vanda Insights – The Economic Times
ET Now: Let us be honest Saudi Arabia literally teased the consumer nations. Saudi Arabia’s energy minister said no decision on a quantum has been
India to retain top position in remittances with $80 billion: World Bank – The Economic Times
Over the last three years, India has registered a significant flow of remittances from USD 62.7 billion in 2016 to USD 65.3 billion 2017. India will
Duty drawback rate increase to boost textile exports from India | Business Standard News
In a major boost for Indian textile exports, the government raised duty drawback rates for all segments to enable exporters to tap global markets with full potential
Time is ripe for the demise of dollar-based trading system–Deccan Chronicle
To acquire dollars, all countries other than the US, must strive to increase exports — this is how one earns dollars. Sadly, it is true
Current account deficit widens to 2.9% of GDP in Q2 – The Economic Times
The CAD has increased to 2.7 per cent of GDP in first half of 2018-19 from 1.8 per cent in the corresponding period of 2017-18
GST: Refund issues play havoc on exporters’ bottomline in post-GST era, seek relief from Delhi HC–Economic Times
Earlier this year too, exporters had flagged off concerns over the limitations on getting the Advanced Authorisation licenses in the post GST era. Exporters are
Slow train to China: India’s trade ties with Beijing taking time to ripen – The Economic Times
China and India may be talking about improving their trade relationship but there is little action to go with the words. According to Indian government
Union cabinet approves agricultural export policy – The Economic Times
New agricultural export policy is in-line with PMs stated commitment of doubling farmers’ income. Policy has been formulated after extensive consultations with state governments, said
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