Diamond and gold jewellery exporters are witnessing a gradual improvement in shipments
A Covid-19 vaccine is expected to be launched by this year end, he said. “If that happens, then international travel will be back to normal and trade will further improve. So, we are expecting a V-shaped recovery in the January-March quarter of FY21.”
Department of commerce proactively engaging with states to promote exports: Wadhawan
The secretary also requested state governments to extend...
India's export uptick led by East Asian economies; China leads with 78% growth: Report
India’s exports have shown a massive improvement seque...
Customs begins clearing stuck Chinese shipments
India Inc had petitioned the PMO as delays were hurting the process of normalisation that had begun June 1 with Unlock 1.0. Indian industry relies heavily on inputs from China for its factories and the development threatened to disrupt production.
July exports reach almost last year's level, said Commerce Minister Piyush Goyal
The minister added that the country "today is in a mood" to not only bring back economic activity but also become self-reliant, improve the quality and competitive pricing of products.
India may go beyond China to cut cheap shipments
Measures such as nominating specific ports for clearance of goods that India wants to curb can lower or even erode price advantages, bringing them on par with locally made items.
Iran's Chabahar port exports cargo to India and Southeast Asia, notwithstanding slowdown
In 2016, Iran, India, and Afghanistan decided to jointly establish a trade route for land-locked Afghanistan and Central Asian countries. India had also sent a consignment of wheat to Afghanistan through Chabahar Port in the past.
Shipments of Indian goods via Bangladesh to Northeast soon
In the first trial, India will carry goods to Tripura and adjoining states via Bangladesh’s Akhaura and Bibirbazar land ports after they arrive at the Chittagong port, they said. Such an arrangement would help India ship goods to and from its north-eastern region by waterways and then by road through Bangladesh. Dhaka is expected to benefit from fees charged on the movements of cargo.
Phone, electronics makers seek exemption from 'faceless assessment' for shipments
“We request all AEO (authorized economic operator) and In-Bond Manufacturing entities import/export be permitted “green channel” for self-assessment and automatic clearing for both import and export shipments to promote faster capacity addition and greatly improve ease of doing business,” the India Cellular and Electronic Association said
Govt again cuts import duty on masoor dal
The import duty on lentil has been reduced from 30 per cent to 10 per cent from countries other than the US.
Apparel exporters seek complete waiver of demurrage on shipments
In a letter to Civil Aviation Minister Hardeep Singh Puri, he said the council members could not clear the shipments on time because of lack of documents, "therefore, demurrage waiver may please be granted starting from March 1 till the time lockdown continues".
India plans to increase scrutiny on copper, aluminium imports with an eye on China
Officials in New Delhi are expected to soon ask importers to register with authorities as a first step towards tighter controls that would require permits for individual shipments of the two metals, government sources said. The sources declined to be identified due to the sensitive nature of the discussions.
Govt considering proposal to cut export duty on hides, skins of bovine
The government is considering a proposal to cut duty on exports of hides and skins of bovine from the current 40 per cent with a view to boost its outbound shipments.
Physical copy of key export document mandatory for shipments to Thailand, Vietnam under FTA
The government on Friday restored the procedure for issuance of physical copy of certificates of origin as exporters had expressed difficulties in obtaining preferential access in Thailand and Vietnam based on digitally signed electronic certificates.
US sends first shipment of crude to Saudi Arabia in over a decade
US shipped about 550,000 barrels, or 18,300 barrels per day (bpd), of crude to Saudi Arabia in June, U.S. Census data shows.