Export Import

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CBIC Makes Exports From Post Office easy for MSMEs

In a bid to use India’s vast network of post offices and enable MSMEs to export to global markets using e-commerce or other regular channels, the Central Board of Indirect Taxes and Customs (CBIC) has notified an automated system for postal exports as per which an exporter will not be required to visit a foreign …

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Ban Corn Exports : India’s poultry industry seeks corn export curbs to calm local prices

Ban Corn Exports : India’s poultry industry seeks corn export curbs to calm local prices

India needs to restrict corn exports to curb a rise in domestic prices and to ensure sufficient supplies of the main poultry feed, the country’s livestock industry said on Tuesday. Domestic corn prices have surged, driven by high demand, increased exports and some damage to the crop following heavy post-monsoon rains. “We are staring at …

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India-Banana Market: India’s banana export increases by 703%, a jump of 8-fold in 9 yrs, says Piyush Goyal

India’s banana exports have grown 8 fold in the past 9 years during the April-May period, confirmed Piyush Goyal, the union minister of consumer affairs, food & public distribution on Tuesday. The banana export jumped from Rs 26 crore in April-May 2013 to Rs 213 crore in April-May 2022. This is a staggering increase of …

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India-Toy Market: Make in India Impact, Toy imports drop by 70%, Export up 61%

Make-in-India initiative of Prime Minister Narendra Modi’s government has yielded positive results for the toy sector in the country. According to the government data, the import of toys has declined 70% while 61% surge in exports seen in the last three years. For HS Codes, 9503, 9504, and 9505, the value of import of toys …

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