Page 8 - Imports

Customs clearance regulations making importers nervous

The government has raised import duties on several items and restricted import of many items subjecting them to import licensing

Raghuram Rajan warns against import substitution under Aatmanirbhar Bharat

Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can

United States and Brazil must reduce dependence on China imports: Pompeo

"Each of our two peoples will be more secure, and each of our two nations will be far more prosperous, whether that's two or five or 10 years from now," he added

Fix a sunset date

Open-ended tariff protection will affect competitiveness

DGFT's new rules for AC imports: Right move with little impact, say experts

While companies cannot import gas-filled AC units, there are no curbs on importing similar AC units without refrigerant

Exports rise for the first time in seven months, up almost 6% in September

Imports down 19.6%, trade deficit declines 77%

India's exports rise 6% to $27.58 bn in Sept, imports decline 19.6%

The trade deficit in September was $2.72 billion, compared to $11.67 billion in the year-ago month

Blind imposition of import restrictions hits exporters hard

The task of getting their goods to the buyers in time at reasonable costs is getting more difficult for the exporters

Competition Commission rejects ILMA complaint against 19 chemical importers

CCI disposed of a complaint filed by the Indian Laminate Manufacturer's Association (ILMA) alleging formation of a cartel among 19 importers of phenol, a major raw material for making sunmica

US trade deficit jumps to largest in 14 years in August as imports grow

The US trade deficit surged in August to the largest in 14 years with imports climbing again, suggesting that trade could be a drag on economic growth in the third quarter

Govt expands scope of steel import monitoring

The importer can apply for registration not earlier than 60th day and not later than 15 days before the expected date of arrival of import consignment

Exports rise for the first time in seven months, up 5% in September

Development marks yet another sign of revival as imports continue to decline, albeit at a slower pace, trade deficit shrinks

Import of iron, steel items need mandatory registration under SIMS: Govt

The mandatory registration was earlier imposed on about 300 items. Now about 530 more products have been added

India opens anti-subsidy probe Malaysia, Vietnam, Thai copper, tube imports

The probe covers imports shipped between April 1, 2019 and March 31, 2020

Auto parts imports from China down 42% during April-July: Ministry data

Industry body is optimistic about govt's push for greater localisation of components, but says indigenous manufacture will take some time

Faceless income tax assessment starts today: Here is all you need to know

Faceless assessment enables an assessing officer, who is physically located in a particular jurisdiction, to assess a Bill of Entry pertaining to imports made at a different Customs station

New rule for importers to get FTA concessions; industry raises concern

Proof of 35% value addition in goods from country of origin must from Monday

August exports shrink 12.6%, trade deficit hits 4-month high of $6.77 bn

Import contraction restricted to 26 per cent in August due to surge in gold purchases from abroad

For achieving self-reliance in defence, focus on other sectors must: PSA

VijayRaghavan said the ongoing coronavirus pandemic has highlighted how vital it is to be protected from the disruption of global supply chains

Govt frames norms to enforce 'rules of origin' for imports under FTAs

The ''rules of origin'' provision prescribes for the minimal processing that should happen in the FTA country so that the final manufactured product may be called originating goods in that country