Page 10 - Imports

Coronavirus: FM takes stock of trade issues, sees no impact on prices

The development comes in the wake of issues surrounding imports from and exports to China even as the Coronavirus outbreak grips that country

Exports contract for sixth straight month, trade deficit shoots up

While imports contracted by 0.7 per cent, the rate of fall was significantly lower than the 8.9 per cent contraction in inbound trade seen in December

Copper, paperboard, RBD imports to decline on stringent 'rules of origin'

In Budget 2020, FM emphasised the need to strengthen 'rules of origin' under the FTA to curb import from non-producing (trading) countries

Govt plans restrictions on imports of products categorised as 'others'

Piyush Goyal said India is facing 'big' problem in imports of a category called "others" and in that category, all sorts of stuff is being imported into the country

Govt will put restrictions to check imports under 'others' category: Goyal

Goyal said India is facing 'big' problem in the country's imports of a category called "others" and in that category, all sorts of stuff is being imported into the country

Govt considering mandatory licensing regulations for unknown imports

Through the move, the commerce department plans to restrict imports costing an estimated Rs 4 trillion, primarily from China

To benefit farmers, Govt fixes min import price of Rs 200 per kg on peas

It also said that the imports are allowed only through Kolkata sea port. Cost, Insurance, and Freight (CIF) is a term used in global trade parlance

12 hours to 12 minutes: Customs clearance to take the swift route

The move will result in significant savings in cost and time and help further improve India's ranking in the World Bank's Ease of Doing Business index

Ocean freight IGST: Importers move Delhi and Mumbai high courts

When the basic customs duty and IGST are already paid on the CIF value, argue the petitioners, why should there be another tax on the ocean freight element

FM announces new tax refund scheme to help remove export uncertainty

From the next year, the Remission of Duties or Taxes on Export Products (RoDTEP) will replace the Merchandise Exports from India Scheme (MEIS) for all exported goods except textiles

Low imports cast shadow on industry growth; no recovery soon, say experts

Non-oil, non-gold imports contract for 9th straight month in July

No duty or tax payable by EOUs on re-export of goods imported free of duty

The merchant exporter can take credit of the GST that you charge and claim a refund of the same under Rule 89 (4B) of the CGST Rules, 2017

Trade war: China imports from US fall 19% in July to $11 billion

China's global trade surplus widened by 60 per cent over a year ago to $45.1 billion

List of 'non-essential' imports to be finalised by the end of this week

On the other hand, trade deficit reached a whopping $465.58 billion in 2017-18, up by more than 21%

Imports surge by 49% in April as demand picks up

Rate of growth of non-oil, non-gold imports has accelerated over the past few months

Cheap Chinese imports burn domestic solar cell, module makers

While domestic solar installations are growing, domestic manufacturer not able to utilise the opportunity thanks to Chinese competition. From April to October 2016 alone, India imported solar materials worth more than a billion dollars.Solar installations in India has reached 4 GW in 2016 and expected to surpass 9 GW in 2017 as compared to just 883 MW in 2014.Centre wants to ramp up domestic manufacturing to decrease the volume of solar module imports which, along with installations. But the challenge, has been cost competition from Chinese manufacturers, says Mercom Capital.India also lost the World Trade Organization (WTO) ruling last year which decided that its Domestic Content Requirements (DCR) discriminated against US manufacturers.The Indian solar manufacturing sector mainly focused on OEM and exporting to European countries. India had exported almost a billion dollars in modules before the National Solar Mission was established.Exports boomed in 2008 due to global demand, but .

Food ministry favours slashing import duty on wheat

This move to bring about modest decline in import duty on wheat will be a precautionary step

India's import cover improved to 10.9 months in March

This is because of the foreign exchange reserves improved from $350.3 billion to $360.18 billion in between September 2015 and March 2016