Directorate General Of Foreign Trade
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Centre allows export of COVID-19 PPE medical coveralls, fixes cap of 50 lakh units per month
•The product was banned for export earlier, but has now been moved to the restricted category, under which an exporter would have to seek a licence from the government for shipments.
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
Budget 2020: Govt likely to restore 2% additional duty incentive on mobile phones export; notification may be issued soon
•The India Cellular and Electronics Association (ICEA) had written to the government expressing disappointment on the reduction of the incentive, saying it will lead to massive job losses.
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 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
India trade ministry says no legal basis for imposing ban on e-cigarettes
•Halting imports of e-cigarettes into India will be against multilateral commitments with WHO.
Govt permits export of gold idols of 8-24 carats with certain conditions
•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.
Foreign Trade Policy mid-term review: Exporters heave a sigh of relief; now for quicker GST refunds
Sindhub •According to industry estimates, in four months since July when GST came into effect, “about Rs 40,000-50,000 crore” has been pending with the government in the form of GST refunds
Govt bans export of gold items above 22-carat purity
•The decision came at a time when Indian gold jewellery traders have raised concerns over a surge in gold imports from South Korea
Customs department detects large scale hack, could cause loss of Rs 50 crore
Tech2 News Staff •Customs department of India has detected a large-scale hack where cyber criminals accessed the IT systems of the department.