Page 5 - Imports

India's sea cargo tonnage near pre-pandemic levels

Reaching the pre-pandemic levels in exports and imports, even in volume ter­ms, is no mean achievem­ent

Big drop in toy imports in last three years, says Piyush Goyal

He said the government is protecting the interest of the domestic toy industry

Too early to celebrate economic recovery in India: Arvind Subramanian

Stock markets reflect the Indian economy less. It would be a kind of policy mistake to infer from this (stock boom) anything about the diverse Indian economy, said Subramanian

US Congress passes bill banning imports from China's Xinjiang

US Congress on Thursday passed a bill banning imports from China's Xinjiang region over forced labour of the Uyghur Muslims.This is likely to worsen tensions between Washington and Beijing. The Uyghur Forced Labour Prevention Act was passed in the Senate on Thursday by unanimous consent after being approved by the House of Representatives earlier this week, Kyodo News reported.It needs to be signed into law by President Joe Biden, which the White House said he will.It requires U.S. customs authorities to presume goods manufactured in Xinjiang are made with forced labour and that they should be banned from import, except for items from importers that can provide clear evidence to the contrary."This Senate will not stay silent in the face of genocide against the Uyghur people," Democratic Senate Majority Leader Chuck Schumer tweeted. "America will not stand for it, and the global community shouldn't either."China has been rebuked globally for the crackdown on Uyghur Muslims by sending ..

Imports made up 86% of India's gold supply between 2016-2020: WGC

Imports made up 86 per cent of India's gold supply between 2016-2020, and inbound shipments continue to grow despite high import duty, as per a report by the World Gold Council (WGC)

Soaring imports to push India's CAD to 1.9% this fiscal year : Report

Trade deficit--the difference between a country's imports and exports -- has been rising and remains sticky

India cannot depend on imports for essential goods, says Sitharaman

India must become more self-reliant, after the pandemic disrupted supply chains and showed the risks of depending on exports for essential risks, the finance minister said

Aim to cut imports, Commerce Ministry shares list of items with ministries

The cumulative share of these items is 57.66 per cent in total import during the March-August 2021 period

Merchandise exports rise 42.33% to $35.47 billion in October

The merchandise imports surged 62.49 per cent to $55.37 billion

Ports' right to bar imports needs review

The advisory applies to all terminals operated by APSEZ and third-party terminals at any of its 13 domestic ports in seven maritime states. This decision raises a number of issues

FinMin should review DRI demand for social welfare surcharge

The law is quite clear that SWS is to be calculated at the rate of 10 per cent on the BCD levied and collected

PLI scheme: Auto component companies hope to pare imports

It would also reduce imp­orts from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in India

CBIC extends re-export timeline for imported containers by 3 months

Currently, duty-free imports of containers are allowed with the condition of re-export in the next six months

Govt imposes restrictions on mercury imports

The government on Thursday imposed restrictions on the imports of Mercury, used in different sectors including older thermometers, fluorescent light bulbs and electrical switches

China trade unexpectedly surges to new records on strong US, EU demand

The pickup came despite disruptions at China's second-largest port last month due to fresh virus outbreaks, which caused congestion and pushed up shipping costs

Commerce min notifies procedure for imports under India-Mauritius FTA

Commerce ministry notified tariff rate quota for certain items including pineapples, tunas, beer made from malt, rum and procedure for imports of those goods under India-Mauritius free trade agreement

India allows imports of genetically modified soymeal via three more ports

India allowed imports of genetically modified soymeal through three more ports, according to a government order seen by Reuters, facilitating overseas purchases of the animal feed in large volumes.

Asset monetisation plan gives a bigger role to private operators

When implemented, the entities engaged in cross border trade in merchandise will deal more with private entities managing the ports and airports

Deduction of interest due to prepayment of usance bill is allowed: Expert

Exporters may approach AD Category-I banks for reduction in invoice value on account of cash discount to overseas buyers for prepayment of the usance bills

Afghanistan: Taliban stopped exports, imports from India, says FIEO DG

Ajay Sahai says Taliban has stopped the movement of cargo through the transit routes of Pakistan, thereby stopping imports from the country