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
CBIC issued circular regarding the revision of All Industry Rates (AIRs) of Duty Drawback
NEW DELHI : The CBIC issued Circular No. 26/2023-Customs dated October 26, 2023, regarding the revision of All Industry Rates (AIRs) of Duty Drawback. These revisions were notified in Notification No. 77/2023-Customs (N.T.) dated October 20,
India’s imports of Saudi oil in September slump to a multi-year low
NEW DELHI : India’s reliance on imported crude in the April-September period of the current financial year ending March rose to 87.8 per cent from 86.5 per cent in the corresponding period last year
DGFT operationalises its online authorisation system for import of laptops, computers
NEW DELHI : The Directorate General of Foreign Trade has operationalised its fully-automated online authorisation system for imports of laptops, computers and tablets from Thursday as the transition from a free import regime to