Export Rules

China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will isolate and backfire on the U.S. Out of the need to maintain its sci-tech hegemony, the U.S. abuses export control measures to maliciously block and suppress Chinese companies, said Foreign Ministry spokeswoman Mao Ning. It will not only damage the legitimate rights and interests of Chinese companies, but also affect American companies' interests, she said. Mao also said that the U.S. weaponization and politicization of science and technology as well as economic and trade issues will not stop China's progress. She was speaking after the U.S. on Friday updated export controls that included adding certain advanced, high-performance computing chips and semiconductor manufacturing equipment to its list, as well as new license requirements for ite

The apex sugar body has urged the govt to not experiment with a new export system

In July, the DGFT, under the commerce ministry, had stated that exporters of these commodities would need approval of the inter-ministerial committee) on export of wheat for the shipments

The Centre has made it mandatory for all exporters to seek prior permission from the inter-ministerial committee on wheat export before undertaking any outbound shipment

The United States has put five Chinese companies on its Entity List that restricts their ability to receive exports, over human rights abuses in China's Xinjiang province

Exporters fume as notification by Commerce Department confirms January 1, 2021 as end date for scheme

Earlier, the DGFT and the customs department had imposed a condition that the advance authorisation scheme would be available to exporters only if imports have been undertaken by them

CBEC should now clarify the pending issues and allow exports to proceed