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DGFT; ‘Free’ Onion Exports with $800 Minimum Export Price till December 31, 2023

October 30, 2023 EXPORT, Trade, Trending News
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

October 28, 2023 EXPORT, Maritime, Ports, Trending News
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

October 28, 2023 Export - Import, Associationn, Customs, Trade, Trending News
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

October 28, 2023 EXPORT, Company, Trade, Trending News
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

October 28, 2023 Customs, COMMERCE, EXPORT, Export - Import, Import, Trade, Trending News
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

October 28, 2023 EXPORT, Business, Global Trade, Trade, Trending News
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

October 27, 2023 Fuel, Global Trade, Import, Trending News
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

Piyush Goyal attends 7th Future Investment Initiative

October 26, 2023 Trade, COMMERCE, Export - Import, Global Trade, Trending News
RIYADH : Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Shri Piyush Goyal attended the 7th Edition of Future Investment Initiative (FII) from 24th to 25th October 2023.

Global shipping might get affected by Middle East conflict : Reports

October 26, 2023 Export - Import, Foreign Ports, Global Trade, International Shipping, Ports, Trending News
DHAKA : In yet another concerning development for the export-oriented apparel industry of Bangladesh, Syed Mohammad Arif, President of the Bangladesh Shipping Agents Association (BSAA), reportedly expressed this concern. Israel’s attacks on Gaza, in

Apparel and textile production witness steep declines following drop in export orders

October 26, 2023 EXPORT, Business, Trade, Trending News
NEW DELHI : India’s garment manufacturing industry has experienced a significant decline in recent months, with a staggering 22.6% drop between April and August 2023 compared to the same period last year. This decline
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