Statscan revised July's trade deficit to C$2.53 billion from an initial C$2.45 billion.
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Creation of import barriers must be avoided
Move is in line with govt's 'Atmanirbhar Bharat' objective
Automobile industry bodies SIAM and ACMA expressed concern over import consignments from China being subjected to manual inspection
Surplus in trade services stood at $7.45 billion for December
Policymakers worried over dwindling imports, which contracted for 7th month
The 5/2019 notification grants exemption on goods imported by EOUs from the whole of customs duty leviable thereon under the First Schedule to the Customs Tariff Act, 1975
Free shipping bills as well as third party exports can be counted towards discharge of EO against EPCG authorisations
Providing fiscal support to domestic exporters of those sectors hit by the US decision and imposing retaliatory duties are also among the options considered by India
A government source said India may raise import duties on components used in mobile handsets, most of them imported from China, as one of the measures
Centre's strategy on cutting imports of non-essential items unlikely to have a significant impact, say experts
The government's justification for raising the import tariffs from February 2 was to provide protection to the local industry among others
The government had earlier this month put restrictions on imports of tur
Despite naysayers, non-oil, non-gold imports clock strong growth rates fanning hopes of demand
This is in sync with the steel production in the country rising by 8.5% during the April-September period at 7.8%
The move is expected to lower the costs and time for importers