Tag: Export
CBIC asks customs officers to complete inquiry in commercial fraud cases within a year
The CBIC has asked customs field formations to disclose the specific nature of inquiry being undertaken while issuing letters/summons in export/import fraud cases and also…
At WTO, India breathes fire over Dragon’s trade policies
New Delhi: India has questioned several moves by China at the World Trade Organisation (WTO), turning the heat on non-transparent subsidies that lead to an…
India-Canada diplomatic row: No immediate impact on trade ties
New Delhi: India doesn’t expect an immediate impact on its trade ties with Canada due to the disrupted diplomatic relations and there is nothing to…
foreign trade policy: Registration-cum-membership certificate not mandatory for exporters to seek scheme benefits: DGFT
The commerce ministry’s arm DGFT has clarified that registration-cum-membership certificate is not mandatory for exporters to seek benefits under schemes like duty drawback and remission…
Domestic demand drives services sector PMI to 5-month high in August
New Delhi: India‘s services activity accelerated to a five-month high in August, aided by stronger expansion in business activity, new work and positive demand trends,…
Imports of goods like umbrellas, musical items from China hurting Indian MSMEs: GTRI
Increasing imports of goods such as umbrellas, toys, certain fabrics, and musical instruments are severely hurting MSMEs as many of these products are also made…
Rupee remains one of the best performers in 2024: Finance Ministry
The government said on Tuesday the rupee remains one of the best performing currencies in 2024, with a much lower depreciation against the dollar than…
India’s duty cut halts concessionary silver, platinum imports from UAE
India‘s silver and platinum imports from the UAE, previously benefiting from concessionary duties under a trade agreement, have ceased as New Delhi’s move to reduce…
Export: Heat, war and export bans: Global food threats are on the rise
As scorching temperatures ravage farms from the US to China, crop harvests, fruit production and dairy output are all coming under pressure. That extreme weather…
China’s exports fall most in three years as global economy struggles
BEIJING: China’s exports fell the most in three years in June, slumping a worse-than-expected 12.4% year-on-year, as signs mount of stress from the struggling global…