India, Japan and South Korea should work together to protect shipping
TOKYO : The outbreak of warfare between Israel and Hamas is bringing reminders to Asian economies about their continued reliance on energy imports from the Middle East. In 2018, 76% of crude oil traveling
DGFT; ‘Free’ Onion Exports with $800 Minimum Export Price till December 31, 2023
NEW DELHI : The DGFT vide Notification No. 42/2023 dated October 28, 2023, has declared that onion exports are ‘Free,’ with a Minimum Export Price (MEP) of US $800 F.O.B per Metric Ton (MT) imposed
India developing port infrastructure for green hydrogen exports
MUMBAI : India is exploring export opportunities for its green hydrogen and ammonia production and is currently developing logistics infrastructure to prepare for future shipments. The Indian government is in talks with France, Italy
Customs officer hails traders as real heroes of economy at EXIM-23 Summit
KOCHI : The trading community is the driving force of the economy and the government is promoting trade and commerce actively, Customs Commissioner Gurkaran Singh Bains said here on Friday. The Indian Revenue Service
Ashok Leyland expects 20% revenue from exports in 5 years : Dheeraj Hinduja
CHENNAI : Hinduja Group-owned commercial vehicles maker Ashok Leyland expects over one-fifth of its revenue to come from exports in the next five years, according to company’s Executive Chairman Dheeraj Hinduja. The thrust is
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,
Saudi Arabia seeks trade deals, mulls BRICS offer to lift exports
RIYADH : Saudi Arabia is looking to sign more free trade agreements and still considering joining the BRICS club of emerging nations, as it looks to boost non-oil exports, according to the Kingdom’s Minister
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