Image used for representative purpose only. | Photo Credit: Thulasi Kakkat The Commerce Ministry has started an exercise to help Indian exporters keep proper documentation to deal with U.S. countervailing duty cases on domestic products, an official said. As part of the exercise, teams of the Directorate General of Foreign Trade (DGTR) and Directorate General … Read more
The government on Thursday prohibited imports of cigarette lighters if the price per unit is less than Rs 20, with a view to discourage inbound shipments of the product. “The import policy of cigarette lighters…is revised from ‘free’ to ‘prohibited’. However, import shall be free if CIF value is Rs 20 or above per lighter,” … Read more
The Directorate General of Foreign Trade (DGFT) on Thursday said that the imports of watermelon seeds up to October 31 this year would not exceed 35,000 metric tonnes and will be allowed on an actual user basis only. The DGFT laid out a procedure for imports up to October 31, 2023 and has invited fresh … Read more
The centre has allowed the import of urea through India Potash Limited for another year until March 2024, the Directorate General of Foreign Trade said in a notification. Earlier, it was supposed to be allowed till March 2023. Besides India Potash Limited, the import of fertilizer is already allowed through Rashtriya Chemicals and Fertilizers, and … Read more
The government has begun reaching out to exporters of apparel, chemicals, plastics, gems and jewellery, engineering goods and technical textiles to take advantage of the duty concessions offered by the India-Australia Economic Cooperation and Trade Agreement (ECTA), which comes into force Thursday. Australia is offering zero-duty access to India from day one for about 96.4% … Read more
India has set up a target of USD 500 billion exports for the 2022-23 fiscal, a top government official said on Friday, contending that the COVID-19 pandemic has taught the country to “reimagine” world trade. In December 2021, exports stood at USD 37.8 billion, the highest-ever for any month, Additional DGFT Amiya Chandra said during … Read more
The government on Wednesday permitted qualified jewellers to import certain kinds of gold including certain unwrought forms through India International Bullion Exchange IFSC Ltd. The changes were notified by the Directorate General of Foreign Trade (DGFT) in its amendment in the gold import policy. “In addition to nominated agencies notified by RBI (in case of … Read more
The government on Monday restricted the export of Agar oil and Agarwood chips and powder. Their exports were free earlier. The Directorate General of Foreign Trade notified an annual export quota of 25,000 kg for Agarwood chips and powder, and 1,500 kg for Agar oil. The DGFT said that applications for an export license obtained … Read more
The Directorate General of Foreign Trade has notified the Standard Operating Procedures for random checking of imported consignments of metal scrap with respect to radioactive contamination as per which, no container without a certificate issued by a Pre-Shipment Inspection Agency should be allowed to be unloaded and must be sent back to country of origin. … Read more
The government on Thursday said it has put on hold issuing benefits under various export promotion schemes due to changes in the allocation procedure. The Directorate General of Foreign Trade (DGFT) said that benefits under the Merchandise Exports from India Scheme, Service Export from India Scheme, Rebate of State and Central Taxes and Levies, and … Read more