Government adds restrictions to import of colour TVs in move to promote Indian manufacturing
The curbs will be imposed on TV sets of screen size ranging from up to 36 cm to over 105 cm.
Malaysia to strengthen trade ties with India after palm oil purchases resume after gap of four months
Malaysia voiced its commitment to further strengthen diplomatic and trade ties with India, after the world’s largest edible oil buyer renewed purchases of Malaysian palm oil, in a sign of improving relations between the two countries
India resumes purchases of Malaysian palm oil after four-month gap following diplomatic row
Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said
Coronavirus: Govt asks major ports to defer rentals, waive charges, penalty in view of export-import cargo drop
Noting a drop in export-import (EXIM) cargo due to supply chain disruptions on account of the COVID-19 pandemic, the government has asked India's all 12 major ports to defer the lease rentals and licence fees-related charges for April, May and June
Coronavirus Outbreak: CBIC launches e-gate passes to expedite import clearance process
The revenue department has launched electronic delivery of gate passes and final bills of entry to customs brokers and importers with an aim to further simplify the import clearance process by reducing human interface and help tackle the scourge of Covid-19
India probes alleged increase in subsidised import of soda ash from Turkey following complaints by domestic players
India has initiated a probe into an alleged increase in subsidised imports of soda ash, used in making detergents and soaps, from Turkey following complaints by domestic players
Govt mulling imposition of import restrictions on TV sets; move aim to cut inbound shipments of non-essential items
The government is mulling imposing import restrictions on television sets with an aim to cut inbound shipments of non-essential items, sources said
India on track to cut oil import dependence by 10% by 2022: Petroleum Minister Dharmendra Pradhan
The government is on track to meet the target of cutting India's oil import dependence by 10 percent by 2020, Petroleum Minister Dharmendra Pradhan said on Wednesday
Goa health minister rebuts NCP MLA's claim about formalin-laced fish, says tests are conducted to ensure no chemicals are used
Allaying fears about fish that is imported in the state, Goa Health Minister Vishwajit Rane said proper tests are conducted on the fish to ensure that no chemical is used to preserve it
Indian govt set to levy higher import tariffs on some US goods next week
India is preparing to impose higher tariffs on some U.S. goods including almonds, walnuts and apples next week after a delay of about a year, two sources said, following Washington’s withdrawal of key trade privileges for New Delhi
EU, China, Thailand seek to join WTO consultation over India's ICT products tariff
he European Union, China, and Thailand have expressed interest to join consultations in a case filed by Japan at the WTO against India's import duties on certain information and communication technology products, including mobile phones
IDBI Bank receives nod to handle import, exports transactions with Iran; move to promote two-way trade
The IDBI Bank has received government nod to handle import and export transactions with Iran, a move which would help in promoting two-way trade amid US sanctions on the Persian Gulf nation
Govt considering steps to prevent misuse of gift route to import goods
The issue was deliberated in detail during a meeting of a standing group of secretaries on e-commerce in September 2018. The 18-member group is headed by the secretary in the Department of Industrial Policy and Promotion.
Duty hike will raise import costs, add to industry's financial woes: Telecom operators' lobby group
The government on Thursday hiked the import duty on certain communication items, including base stations, to up to 20 percent as part of efforts to check a widening current account deficit by curbing imports.
Govt imposes anti-dumping duty for 5 years on nylon filament yarn import from Vietnam, EU
India has imposed an anti-dumping duty of up to $719 per tonne for five years on import of nylon filament yarn from the European Union (EU) and Vietnam following recommendations by the commerce ministry's investigation arm DGTR.
India may impose up to $4.83 per kg anti-dumping duty on Chinese flax yarn to guard domestic players from cheap imports
India may impose an anti-dumping duty of up to $4.83 per kg on a certain kind of flax yarn, used in the apparel industry, from China for five years with a view to guard domestic players from cheap imports from the neighbouring country.
Govt imposes restrictions on imports of biofuels, ethyl alcohol, other denatured spirits
The import of these items, which was free earlier, will now only be allowed for non-fuel purpose on actual user basis.
Incentivise local production, but don't penalise imports, says IKEA Group CEO Jesper Brodin
IKEA is set to open its first store in India tomorrow in Hyderabad
Govt sets up task force to suggest ways on reducing import dependence, says official
In 2017-18, India's imports grew about 20 percent to $460 billion.
India needs to lower trade barriers and cut tariffs, says US diplomat Katherine Hadda
Stressing the need for India to lower trade barriers and cut tariffs, US Consul General in Hyderabad Katherine Hadda has said there are high tariffs in India with over 13 percent as compared to America's average tariff rate of 3.4 percent.