The commerce ministry on Thursday said it has set up a help desk to resolve export- and import-related issues arising due the coronavirus outbreak
Coronavirus Outbreak: Govt bans export of sanitisers, all types of ventilators with immediate effect
The government on Tuesday banned export of all sanitisers and ventilators with immediate effect in wake of the coronavirus outbreak
Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days
The coronavirus outbreak happened to be a major setback for hopes of a revival in beleaguered auto sector of the country, which had grappled in the red zone due to sharp fall in demand for over two quarters.
Coronavirus outbreak: Govt restrains exports of a few APIs, formulations; lists essential medicines that could run out of stock
In a notification, the government put curbs on the exports of certain APIs and formulations, including Paracetamol, Vitamin B1 and B12 amid the coronavirus outbreak claimed over 3,000 lives across the world.
Govt issues import licences for 1.1 mn tonnes of refined palmolein from Indonesia; DGFT move draws commerce ministry’s flak
A resumption in refined palmolein buying by India, the world’s biggest palm oil importer, could lift its total palm oil imports and support Malaysian palm oil futures.
Krishnapuram onions are not used in kitchen due to their size and pungency. The onions are imported by Thailand, Hong Kong, Malaysia, Sri Lanka and Singapore.
Coronavirus outbreak: India bans export of all kind of respiratory masks; toll due to virus tops 200 in China
India on Friday banned exports of all kinds of personal protection equipment, including clothing and masks used to protect people from airborne particles as there could be a spurt in demand for such products due to outbreak of deadly coronavirus
Bharti Airtel on Friday said its name has now been removed from the denied entry list for non-fulfilment of export obligation under an export promotion scheme
Bharti Airtel on Wednesday said it is working to get the company's name removed from 'Denied Entry List', but added that DGFT's latest action does not limit its ability to undertake future imports or exports
The commerce ministry has put Bharti Airtel in denied entry list for non-fulfilment of export obligation under an export promotion scheme, sources said
Curbs on import of refined palm oil product-specific, not country-specific; decision defined by trade policy, says MEA
Putting palm oil in the restricted category means an importer will require a license or permission for the inbound shipment.
Govt puts restrictions on import of refined palm oil; shipment from Malaysia likely to be hit, no curbs on Indonesia
Malaysia produces 19 million tonne of palm oil in a year, while Indonesia produces 43 million tonne, the trade data showed.
The Central Board of Indirect Taxes and Customs (CBIC) has asked the Directorate General of Foreign Trade to make the accreditation system for star exporters more robust to curb tax fraud
The commerce ministry is considering rationalising and simplifying certain export promotion schemes such as EPCG in the next foreign trade policy, which provides guideline and incentives for increasing shipments, an official said
The government has withdrawn incentives being given to exporters of gold medallions and coins for import of raw material, according to a notice by the commerce ministry
Govt notifies sugar export quota of 10,000 tonne to EU at concessional rates for 12-month period beginning October
The government has fixed an export quota of 10,000 tonne of white/raw sugar to the European Union (EU) under a provision for a 12-month period beginning October
The current policy will end in March 2020. The new five-year foreign trade policy (2020-25) is expected to be released in September this year
Govt removes export incentives for onion to discourage outbound shipments as prices rise in domestic market
The government has removed incentives for export of fresh and chilled onions, a move aimed at discouraging outbound shipments of the kitchen staple due to rising prices in the domestic market
Foreign trade policy has been amended "to allow export of gold idols (only gods and goddess) of 8 carats and above (up to 24 carats) from domestic tariff area," Directorate General of Foreign Trade (DGFT) has said in a notification.
The import of these items, which was free earlier, will now only be allowed for non-fuel purpose on actual user basis.