Export

Chatroom: Replacement part can be imported under EPCG scheme for spares

There is no stipulation that a free replacement must come only after re-export of the wrong shipment

New trade policy continues with old schemes

The new policy gives no specific period for its validity or any expiry date, but it can be amended anytime

The dynamism of services exports

Funding research in a set of autonomous or private knowledge organisations will help

Domestic demand to drive textile sector growth in FY24: CRISIL SME Tracker

In FY24, cotton yarn prices are projected to fall almost 15 per cent due to a high base and subdued export demand. This is expected to hurt price realisation

New foreign trade policy may not bank on incentives to boost exports

Set to be unveiled on Friday, it is likely to focus on export hubs, e-com

Govt slashes windfall tax on diesel to Rs 0.50 per litre, nil on ATF

The government slashed windfall profit tax on export of diesel to its lowest of Rs 0.50 per litre and nil on jet fuel (ATF) while the levy on domestically produced crude oil was marginally increased, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has hiked to Rs 4,400 per tonne from Rs 4,350 per tonne, the order dated March 3 said. Crude oil pumped out of the ground and from below the seabed is refined and converted into fuels like petrol, diesel and aviation turbine fuel (ATF). The government has also cut the tax on export of diesel to Rs 0.5 per litre from Rs 2.5, and the same on overseas shipments of ATF was cut to nil from Rs 1.50 a litre. The new tax rates come into effect from March 4, the order said. This is the second reduction in rates in a fortnight. Rates were cut on February 16. The export levy on diesel and ATF is the lowest since the tax was introduced in July last year. The tax rates are .

We will import energy models of the UK to India: Hero Future Energies CMD

HFE aims at conservative growth; favours quashing of reverse bidding in solar energy

Current account deficit may fall in Dec quarter as net exports ease

In the September quarter, CAD touched a nine-year high at 4.4 per cent from 2.2 per cent in the June quarter as the negative net exports shot up to $50.3 billion from $36.3 billion

Strong demand outlook likely to power Cummins India's growth

While valuation is not cheap, positive brokerage views to support stock

With focus on non-US geographies, Amneal Pharma eyes India market

The company is actively recruiting its field force, and aims to have 600-700 medical representatives by the end of 2023

Foreign trade policy to focus on long-term strategy to boost exports

Final call on announcement of the policy will be taken by March-end

Germany's exports, imports up in 2022 amid energy crisis, high inflation

Germany's imports and exports both increased year-on-year in 2022 amid the energy crisis and high inflation, according to preliminary figures published by the Federal Statistical Office (Destatis)

Union Budget 2023-24: Push for ELS cotton yield to reduce imports

ELS cotton usually comprises those that are 32-36 mm

Unfinished agenda: Pain points and what's on offer in Budget 2023

An agriculture accelerator fund has been announced. It is aimed at encouraging start-ups by entrepreneurs in rural areas

JSW Steel sees exports at more than 10% of 2022-23 sales, says official

His comments come after JSW, India's largest steelmaker by capacity, on Friday reported an 89% fall in profits for the quarter ended Dec. 31, hurt by a 56% slump in exports

Foreign shipping lines may stop services for cash-strapped Pakistan

The ship agents have forewarned the cash-strapped Pakistani govt that all export cargoes could come to a halt as foreign shipping lines are considering stopping services

Top headlines: New export obligation defaults scheme, banks seek exemptions

Business Standard brings you the top headlines at this hour

'DGFT should clarify duty payment for destruction of imported goods'

Practically, it is difficult to escape payment of customs duty and interest even when the goods are destroyed or re-exported

Coffee exports from India up by nearly 2% to 400,000 tonnes in 2022

Coffee shipments from India, Asia's third-largest producer and exporter, rose 1.66 per cent to 4 lakh tonne in 2022 on rise in instant coffee exports and re-exports, according to the Coffee Board. Exports stood at 3.93 lakh tonne in 2021. In value terms, coffee export was higher at Rs 8,762.47 crore in 2022 as against Rs 6,984.67 crore in the previous year. India ships both Robusta and Arabica varieties, besides instant coffee. According to the Board's latest data, shipment of Robusta coffee declined marginally to 2,20,974 tonne in 2022 from 2,20,997 tonne in the previous year. Similarly, export of Arabica fell 11.43 per cent to 44,542 tonne from 50,292 tonne. However, export of instant coffee increased 16.73 per cent to 35,810 tonne in 2022 from 29,819 tonne in the previous year. About 99,513 tonne of coffee was re-exported in 2022, higher than 92,235 tonne in the previous year, the data showed. The unit per value realisation remained higher at Rs 2,18,923 per tonne as against

November exports to key markets bounce back after October dip

Exports had recovered in November to grow at 0.59 per cent from a 12 per cent contraction in October