The finance ministry has exempted imports of crude soya bean and sunflower oils from basic customs duty and agriculture infrastructure and development cess till June 30, subject to certain conditions. The duty exemption is applicable only for importers holding TRQ (Tariff Rate Quota) licence for 2022-23 fiscal. Under TRQ, a certain volume of imports are …
Qatar has lifted its temporary ban on the import of frozen seafood from India, a move which would help increase exports of the product, the commerce ministry said on Friday. The ban was imposed in November last year, just ahead of the FIFA World Cup following alleged detection of Vibrio cholera from a few consignments …
After the pandemic-induced break of two years, feni traders in Goa are looking forward to reviving their efforts of exporting feni. One potential market is Japan, due to its penchant for premium products. Feni stakeholders have requested the Goa government to formally introduce the product in the east Asian country. A delegation of traders, too, …
Feni distillery in Goa looks to Japan to start exports Read More »
India is expected to slash the import duty on gold to undercut smugglers who have been offering hefty discounts as illicit imports boom after COVID-19, denting the market share of banks and refiners, government and industry officials told Reuters. A cut in the import duty by the world’s second-biggest consumer could lift retail sales by …
India plans to cut gold import duty to stop smuggling Read More »
Nepal has sought approval from the Indian authorities to export 40-50MW of electricity to Bangladesh through India’s existing transmission infrastructure, says the Nepal Electricity Authority (NEA). In August last year, the two countries decided to request the southern neighbour to allow the export of 40-50MW of electricity from Nepal to Bangladesh in the initial phase …
Nepal seeks India’s permission to use transmission link to export power to Bangladesh Read More »
The Association of Man-made Fibre Industry of India has requested the finance ministry to accept the Directorate General of Trade Remedies (DGTR) recommendation to levy an anti-dumping duty on imports of viscose staple fibre (VSF), which is used in ready-made garments, home and industrial textiles. On December 19, DGTR recommended the duty due to large-scale …
AMFII: Demand for dumping duty on viscose staple fiber Read More »
Inflation-hit Philippines is planning to import 22,000 tons of onions to boost domestic supply as prices of the cooking ingredient increased to as much as $11.68 a kilogram, making it possibly the most expensive in the world. The import proposal was arrived at during a meeting of the agriculture department’s executive committee and will be …
Inflation-hit Philippines eyes onion imports as prices hit $11.68/kg Read More »
In order to give a boost to “Aatmnirbhar Bharat” efforts, the Modi government is considering increasing customs duties on about 35 items in the Union Budget 2023. Some of the items on which custom duty may be raised are: private jets, helicopters, high-end electronics, plastic goods, jewelry, high-gloss paper, and vitamins, said a report in …
Union Budget 2023: Customs duty on 35 items may be hiked to boost domestic manufacturing Read More »
Head of the National Food Agency (Bapanas) Arief Prasetyo Adi said that Indonesia is planning to export corn to Vietnam, the Philippines, and Malaysia in 2023. Bapanas will export as many as 200,000 tons in the first three months (Q1). “In the first three months, as many as 200,000 tons,” Arief said in Tuesday, January …
Indonesia Plan to Export Two lakh tons Corn to Vietnam, Philippines, and Malaysia Read More »
The government has authorised the Mobile and Electronic Devices Export Promotion Council (MEDEPC) to issue registration-cum-membership certificates (RCMC), a key document for exporters, for certain products related to the sector including smartphones, smart watches, monitors and parts of mobile phones. According to the foreign trade policy (FTP), an RCMC is required for exporters in order …
