Govt should cut import tax on goods to lessen need for export schemes : GTRI
NEW DELHI : Reducing import duties on inputs and capital goods could help the government cut down the need for many of the existing export schemes, think tank GTRI said on Friday. This would be
Paper imports jump 43% in H1 of FY24 : IPMA
CHENNAI : Following a 25% jump in FY23 in volume terms, India’s paper imports have further gone up by a staggering 43% in the first half of FY24, reveals data released by DGCI&S. The massive growth
DGFT; Allows India-UAE TRQ holders to import Gold via IIBX and obtain physical delivery through IFSCA-Registered Vaults in SEZs
NEW DELHI : The DGFT vide Notification No. 44/2023 dated November 20, 2023, has amended the import policy conditions for Gold under HS Code 71081200 in Chapter 71 of Schedule I (Import Policy) of ITC
Duty-Free : Amitabh Kant advises minimum duty on certain imports for maximum exports
NEW DELHI : India should scrap import duties on inputs used in the manufacture of products that are exported, particularly high value-added items like smart phones and electric vehicles, G20 Sherpa Amitabh Kant said.
India ship regulator to take government advice on sanctioned Russian oil vessel
NEW DELHI : India’s shipping ministry will follow foreign ministry advice when deciding whether to allow a ship carrying Russian oil that has been placed under U.S. sanctions to berth at an Indian port,
MSC announces update #4 on the Israel situation
GENEVA : MSC continues to monitor and assess the developing situation in Israel to ensure the safety of its personnel and minimize disruption to customer supply chains. As announced in our previous update, MSC
Tata Steel CEO & MD T V Narendran concerns over India’s rising steel imports
NEW DELHI : India being a net importer of steel is a matter of concern, Tata Steel CEO & MD T V Narendran said Tuesday. The government has assured of intervention, if the imports
US East Coast vs. West Coast: More imports shift back to Pacific ports
CALIFORNIA : In the perennial tug-of-war between West Coast and East Coast ports, the momentum has shifted yet again. Imports from Asia are starting to head back to America’s Pacific gateways. East and Gulf