The government on Thursday imposed a limit on the total entitlement under the Services Export from India Scheme (SEIS) for shipments made during 2019-20, at Rs 5 crore per exporter. Under the scheme, depending on the nature of services, the government gives duty credit scrips or a reward at 3-5% of net foreign exchange earned … Read more
Maldives on Friday requested India for renewal of DGFT notifications regarding assured supply of essential commodities as per the bilateral trade agreement. India has assured that the commitment will be honoured. This request was made when Foreign Minister of Maldives Abdulla Shahid met his Indian counterpart here. This was their 8th meeting since November 2018 … Read more
New Delhi: The government on Tuesday freed up the export of medical goggles and nitrile/NBR gloves. “The export policy of medical goggles and nitrile/NBR gloves is amended from ‘restricted’ to ‘free’ category making all types of medical goggles and nitrile/NBR gloves freely exportable,” Directorate General of Foreign Trade (DGFT) said in a notification. In October, … Read more
The high-level Group of Ministers (GOM) on COVID-19 has agreed to the health ministry’s proposal to allow the export of indigenously made ventilators. The decision was taken as India continues to maintain a progressively declining low rate of fatality among COVID-19 patients, which currently stands at 2.15 per cent, “which means fewer numbers of active … Read more
KOLKATA: Companies such as Greaves Cotton, Shrachi group firm BTL EPC, KisanKraft and Kubota Agriculture Machinery have urged the government to reconsider its decision to restrict import of power tillers and its components, saying the move will compel many firms to down shutters. These companies have been importing and assembling power tillers for decades and … Read more