DIRECTORATE GENERAL OF FOREIGN TRADE
Suresh Prabhu urges commerce ministry to address issues of service exporters
As per the Foreign Trade Policy (2015-20), only two months are left for claiming SEIS benefits for the year 2019-20, according to the letter dated January 21, 2021.
Pre-Budget India P&L statement: Goods trade in deficit, services surplus
The country’s trade balance has also benefited from reduced imports ...
Slow global economy: High cyber fraud cases on Indian exporters
While the government has said that such cyber frauds are causing increased bi...
ED attaches Rs 20.26-cr worth FDs in fake TED claim case
The ED later filed a criminal case under various sections the Prevention of Money Laundering Act (PMLA) against the accused on the basis of this FIR.
India-US trade ties hit by tariff policies under Trump administration: US Congress report
The bipartisan Congressional Research Service (CRS), in its latest report, pointed out that India's recent tariff hikes on cell phones and other telecommunication goods went up from zero per cent to 15-20 per cent in the last few years.
Exports by STPI units in Q3 FY21 estimated at Rs 1.20 lakh crore: DG
The growth in software exports in Q3 was mainly attributed to the business continuity of STPI registered units on account of timely online permissions given by STPI for work-from-home and other statutory services
India frees up import of certain room, car fresheners
“Imports of odoriferous preparations such as room fresheners and car fresheners that don’t operate by burning is ‘free’,” the Directorate General of Foreign Trade said in a notification.
India may impose anti-subsidy duty on imports of Butadiene Rubber from Korea
India may impose an anti-subsidy duty on imports of a particular kind of rubber from South Korea as the commerce ministry has recommended for the same after concluding an investigation.
India may impose anti-dumping duty on Chinese PET Resin
“The Authority recommends imposition of anti-dumping duty equal to the lesser of margin of dumping and the margin of injury so as to remove the injury to the domestic industry,” DGTR said in a notification.
India should now aggressively pursue FTAs with EU, UK: Trade experts
Britain clinched a historic deal with the European Union on Thursday as both sides managed to thrash out a post-Brexit free trade agreement just days before the December 31 deadline.
Fraud, insider trading and hand in glove directors in listed companies rampant: LocalCircles survey
The survey found that 79% individual shareholders believed that constitution of the Board of Directors of most Indian corporations is tilted towards promoters as many independent directors and not really independent.
Global trade disrupted by Covid, US-China trade war: Pradeep Mehta, Secretary General, CUTS
Pradeep Mehta, Secretary General, CUTS International (Leading public policy body) was moderating a webinar organised by CUTS International, ‘Why India Should Join, or Not, the RCEP; its pros and cons’.
India imposes anti-dumping duty on TDI imports for 6 months
The Central Board of Indirect Taxes and Customs said in a notification issued Wednesday that the decision has been taken after the Directorate General of Trade Remedies recommended imposition of the duty in order to remove injury to the domestic industry.
Government approves MEIS allocation till December 2020
MEIS provides duty benefits depending on product and country. Rewards under the scheme are payable as percentage of realised free-on-board value (of 2%, 3% and 5%) and the MEIS duty credit scrip can be transferred or used for payment of a number of duties including the basic customs duty. The government’s outgo under MEIS was Rs 45,000 crore in 2019-20.
Exports to improve in the coming months due to collaborative efforts of all stakeholders: DGFT
After recording positive growth in September, India's exports declined 5.4 per cent to USD 24.82 billion in October on account of dip in shipments of petroleum products, gems and jewellery, leather, and engineering goods, the Commerce and Industry Ministry said on Tuesday.