IMPORTS

India extends anti-dumping duty on melamine, vitrified tile imports from China

“The designated authority has requested for further extension of the antidumping duty on the subject goods originating in or exported from ...

Unofficial imports of gold into India plunge 80% in 2020: World Gold Council

The council said the lower customs duty and recovering demand may allow official imports to gain strength at the cost of unofficial imports...

Exim Bank extends USD 100 million loan to Mauritius on behalf of India

The LOC agreement for this was signed on February 19, 2021, through exchange between Renganaden Padayachy, Minister of Finance, Economic Pl...

Copper prices on fire: India's import bill could rise by 35% in 2021

A report said that refined copper production fell by a sharp 24.4% to 231.7 thousand tonnes during Apr-Dec FY21 compared with Apr-Dec FY20 ...

India begins anti-dumping probe into plastic processing machine imports from China

India has begun an anti-dumping investigation on imports of plastic processing machines imported from China on the basis of a complaint fil...

Exports grow for second straight month in Jan; trade deficit narrows to $14.54 bn

Merchandise exports rose 6.16% on-year in January to $27.45 billion while imports grew 2.03% to $41.99 billion in the month with gold impor...

India's exports up 6.16 pc in January

Exports during April-January this fiscal dipped by 13.58 per cent to USD 228.25 billion, while imports declined by 25.92 per cent to USD 30...

India's exports rise 6.16 pc in January; trade deficit narrows to USD 14.54 bn

Growing for the second consecutive month, the country's exports rose 6.16 per cent year-on-year to USD 27.45 billion in January 2021 follow...

India's crude palm oil import surges 45 pc to 7.67 lakh tonnes in Jan: SEA

Import duty reduction from November 2, 2020, on crude palm oil (CPO) was reduced to 27.5 per cent from 37.5 per cent, while duty on soft oi...

Exports up 10.3% during Feb 1-8: Official

Engineering goods showcased the maximum growth and the outbound shipments witnessed multifold increase to USD 1.6 billion during February 1...

DGFT introduces online system for importers to seek tariff rate quota

The TRQ is a mechanism that allows import of a set quantity of specific products. Tariff quotas are used on a wide range of products but mo...

Government plans to launch Common Customs Electronic Portal

​​The proposed portal will facilitate registration, filing of bills of entry, shipping bills, payment of duty, and viewing and response to ...

Reduction in import duty on copper scrap to promote recycling in country

The move will also lead to social, environmental and economic benefits, besides resulting in potential for employment generation. Recycling...

Anti-dumping duties, countervailing duties altered to put brakes on cheap imports

As per the budget for FY22, with effect from July 1, the final findings in cases of reviewing anti-dumping and countervailing duty are to b...

India's tax increase on crude palm oil imports could reduce shipments

India has imposed an additional tax on crude palm oil imports as the world's biggest importer of vegetable oils tries to build domestic agr...

Government evaluates easing of import duty payment timelines

Now, authorised economic operator, or AEO, typically get facilities of direct port delivery of imported containers, direct port entry of th...

Importers challenge notices seeking duty on EOU imports

The tax notices have been issued under Rule 96 (10) of the Central Goods and Service Tax (CGST) Act introduced in 2017. The rule initially ...