Export Import

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Gov waives duty and agri cess on crude soya bean, sunflower oil imports under tariff rate quota till June End

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 …

Gov waives duty and agri cess on crude soya bean, sunflower oil imports under tariff rate quota till June End Read More »

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Feni distillery in Goa looks to Japan to start exports

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, …

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Nepal seeks India’s permission to use transmission link to export power to Bangladesh

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 …

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Inflation-hit Philippines eyes onion imports as prices hit $11.68/kg

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 …

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Electronic Item Certification: Government authorises MEDEPC to issue registration certificates for export of mobile phones and electronic items

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 …

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Government may change textile duty to increase export competitiveness | Union Budget

The government is likely to announce adjustments in the duty structure for the $200-billion Indian apparel and textile sector in the Union budget next month in a bid to improve Indian competitiveness in cash-strapped Western markets, a senior government official said. Textile manufacturers say they have been forced to cut production days due to high …

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TBI Chairman Says, India’s tea export prospect to G20 nations bright

Indian tea industry’s export prospect is bright, as a whole and to G20 nations in particular, amid the uncertainties arising out of the non-placement of fresh contracts from Iran, and doubts over the quality and quantity of the crisis-hit Sri Lankan crop, stakeholders said on Monday. India exported 134.14 million kg of tea in the …

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South Korea: lifts ban on import of adult-sized sex dolls | Export Import News

Full-body sex doll imports are now officially permitted in South Korea, putting an end to years of controversy about how far the government should intervene in people’s personal lives. Despite the fact that there are no laws or regulations prohibiting the import of sex dolls, the Korea Customs Service has nonetheless confiscated hundreds, if not …

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Red Bull’s manufacturer files case against Nepal in WTO against ban on import of energy drinks

Manufacturer of Red Bull, an energy drink, has filed a case against Nepal at the World Trade Organization (WTO), citing the restriction imposed by the government on the import of the synthetic drink. Following the incident, the WTO has sent a letter to the government showing concern over the issue. Narayan Prasad Regmi, spokesperson for …

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