Page 10 - India Exports

Imports from related party will be scrutinised by Customs: Expert

Rule 3(3)(a) of the Customs Valuation Rules, 2007 provides that where the buyer and the seller are related, the circumstances surrounding the sale will be examined

Iron, steel sold to China arrest plunge in engineering exports in June

Shipments to China rose by over 1,400 per cent to $524 mn in June from just $35 mn in the same month last year

India a small net exporter after 18 yrs even as merchandise shipments dip

Country may see current account surplus for the second quarter in a row in Q1 of FY21

If the imported goods found defective can be re-exported, says expert

The specific provision under the Customs Act, 1962 is Section 26A that allows refund of import duty if the imported goods are found defective

Raw materials continue to dominate India's top exports to China

Tough talk on Chinese goods in FY20 leads to lower imports, narrowing trade gap

Covid-19 crisis: Govt allows PPE exports after prices crash over 65%

Prices of some grades of PPE have crashed by over 65 per cent in the last one and a half months owing to glut in the domestic market.

FY21 exports may fall by 10% if there's no second corona wave: FIEO

Apex exporters body warns blanket ban on Chinese goods will hurt Indian industry, pushes for FTAs blanket bans

India lifts restrictions on HCQ exports as country is well stocked

Exports were happening on humanitarian grounds but with necessary permission

Govt likely to fast-track import restrictions on 371 Chinese goods

From toys and plastic goods to sports items, and furniture - goods worth $127 billion - could be placed under restrictions

India May exports fall 36.47% to $19.05 bn, trade deficit down to $3.15 bn

During April-May 2020, the exports fell 47.54 per cent to $29.41 billion, while imports shrank by 5.67 per cent to $39.32 billion

India must shed its protectionist attitude: Ex-CEA Arvind Subramanian

If we turn protectionist, I don't know how can we be an exporting power. Self-sufficient exporting powerhouse is an oxymoron," he said.

New MSME definition to benefit downstream textiles, boost exports: experts

Several exporters can now be classified as MSMEs and avail 5% rebate under interest equalisation scheme

Covid-19 impact: Exports dip 60% in Apr, iron ore, pharma only bright spots

Apart from exports, imports too, tumbled 58.7% in April, with all major import products seeing a contraction.

India's account surplus to touch $20 bn in FY21 due to Covid-19: Barclays

The country has been perennially struggling with huge current account deficits.

Exports fall at fastest pace in 25 years in March amid Covid-19 outbreak

According to data released by the commerce and industry ministry, exports stood at just $21.4 billion in March, as massive broad-based decline plagued all major foreign exchange earning sectors.

India's exports fall almost 35% in March, drop 4.78% in FY20

Trade deficit narrowed to $9.76 billion in march this year from $11 billion in the same month last year.

India to export 90,000 tonnes of surplus wheat to Afghanistan, Lebanon

. According to the second government estimate, the country is set to harvest a record wheat production of 106.21 million tonne in the 2019-20 crop year on the back of good rains

Manufacturing PMI at 4-month low over record dip in new export orders

The Nikkei India Manufacturing Purchasing Managers' Index (PMI) stood at 51.8 in March, after February's 54.5 - much below the eight-year high of 55.3 in January.

India not obliged to accept WTO panel's report on export schemes: Govt

India is involved in 15 disputes at the WTO, mostly against the US: Minister tells Parliament.

Why India's present slump is a more serious issue than earlier slowdowns

What is unusual about the current period of slow growth is that it has come without an exogenous driver, unlike all previous periods of slowdown, going back 50 years, writes T N Ninan