Directorate General-of-foreign-trade

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Directorate General-of-foreign-trade - Total results - 11
Centre allows export of COVID-19 PPE medical coveralls, fixes cap of 50 lakh units per month
Business

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
Business

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
Business

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
Business

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
Business

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
News & Analysis

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
Business

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
Business

Foreign Trade Policy mid-term review: Exporters heave a sigh of relief; now for quicker GST refunds

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
Business

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
News & Analysis

Customs department detects large scale hack, could cause loss of Rs 50 crore

Customs department of India has detected a large-scale hack where cyber criminals accessed the IT systems of the department.

Govt gets cracking on cheap imports, imposes minimum import price on 173 steel products
Business

Govt gets cracking on cheap imports, imposes minimum import price on 173 steel products

The minimum price will remain in place for six months only and would not include high-grade pipes used in the petroleum and natural gas industry