Govt asks traders to suggest tariff codes for goods without classification, warns of licensing regime for ‘others’
The Directorate General of Foreign Trade (DGFT) also asked traders to suggest appropriate HS codes for products imported by them which do not have any classification and fall under the ‘others’ category. Every traded product is categorised under an HSN code (harmonised system of nomenclature)—the global systematic classification of goods.
India's PC market up 15.8% on year in Q2: IDC India
According to IDC, Indian PC market inclusive of desktops, notebooks, and workstations, sh...
Incentives for exports to boost shipments: Exporters
FIEO said the new measures announced for the sector will go a long way in enhancing the ...
Cheaper loans for exporters in the works
The commerce department has proposed giving rupee credit to exporters at around 7.5% rate of interest and dollar-denominated loans at around 3.5% under the proposed scheme. It will soon take a proposal to the cabinet.
For backing Pakistan, trade with Turkey under scanner
After Malaysia, Turkey is on the govt’s radar for possible trade curbs for interfering in India’s internal issues. While concrete measures have been decided in case of Malaysia, with a clampdown on palm oil imports, there is no decision on Turkey, which has sided with Pakistan on several issues, including voicing concerns over its proposed blacklisting by FATF.
Exports shrink 1.8% in Dec, fifth month of fall
India's exports declined 1.8% in December to $27.36 billion, on the back of currency volatility and fluctuation in commodities prices coupled with the sluggish global economy.
Vegetable oil imports fall 13% in September; Malaysian shipments drop significantly: SEA
SEA's Executive director BV Mehta attributed the fall in vegetable oil imports to carry-over stock and imposition of safeguard duty.
Coking coal shipments rise 15% to 29 MT at 12 state-run ports in Apr-Sept
Shipments of thermal or steam coal, however, declined by 13.20 per cent to 44.87 million tonne, the Indian Ports Association (IPA) data showed.
India sees record 36.9 million smartphone shipments in Q2
Chinese handset maker Xiaomi saw its shipment volume grow by 4.8 per cent in Q2 while Samsung registered a 16.6 percent growth.
Realme aims to take number 3 spot by month-end, on the back of high shipments for festive season
“We’re looking to be among the top three players by end of this festive season, including online and offline,” said Madhav Sheth, chief executive officer at Realme.
19% iPhone shipment growth in India amid fall in global sales
Promotional offers and aggressive marketing has helped Apple to drive revenues in India.
Cardamom prices remain robust due to high demand
Cardamom prices have plunged 35 per cent in one month as harvest of new crop begins.
Integrated logistics major DB Schenker to launch Connect 4.0 shipping platform in India
The company is aggressively focusing on developing local logistics capabilities to capitalize on India’s growing market.
India adds checks to rice exports to European Union
The commerce and industry ministry on Thursday amended the export policy for Basmati and non-Basmati rice from ‘free’ to outbound shipments subject to certificates issued by Export Inspection Council (EIC).
What if there was a trade war truce?
Australian mineral exports would suffer, too, as would electronics sales from Southeast Asian countries such as Malaysia.
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