India Export Import Data and Buyers Sellers trade Partner - Page 21 of 21 - EXIM TUTOR - Export Import Business Course Trainer & Consultant

Feb 01

Government must look at reducing import duty on gold in Budget 2023 to boost performance

For December 2022, the total gross export of Gold Jewellery (Plain & Studded) a decline of 4.55% to Rs 4,635.64 crores (declined 12.62% in dollar terms to $562.48 million) as compared to Rs 4,856.47 crores ($643.74 million) for the same period last year. For the month of December 2022, the total gross export of all kinds of Studded Gold jewellery declined 21.95% to Rs 2,265.90 crores (declined 28.51% in dollar terms to $275.03 million) as compared to Rs 2,903.01crores ($384.69 Read Full Details…

Jan 31

India’s imports from China reach record high in 2022, trade deficit surges beyond $100 billion

India’s bilateral trade with China reached a record $135.98 billion in 2022, Chinese Customs data showed on January 13, 2023, driven by surging Indian imports of Chinese goods that were up by more than 21% last year. India’s exports to China, however, fell in 2022, driving an already significant trade deficit beyond the $100 billion-mark for the first time. Source : thehindu.com/ For more Details

Jan 30

Taxes slow India’s solar power rollout but boost manufacture

In May last year Fortum India, a subsidiary of a Finnish solar developer, won the bid for a solar power project in the state of Gujarat. The project was due to be completed three months ago and would have generated enough electricity for 200,000 homes. But like many other solar power projects in the country, it’s been delayed as Fortum India struggles to source and pay for necessary components. “For the last six months, we have not been able to Read Full Details…

Jan 30

Match box producers call for ban on importing lighters

National Small Matchbox Manufacturers’ Association has appealed to the Union and Tamil Nadu governments to ban import of plastic lighters. In the larger public interest and in the interest of six lakh daily wage earners who were dependent on match box units for their livelihood, the governments should seriously consider the demand and put an end to import of plastic lighters, said its general secretary V S Sethurathinam. Speaking to reporters here on Sunday, he said that there were 2,530 Read Full Details…

Jan 24

Implementation of Notification No.06/2015-20 dated 13th May, 2022 – Issue of RCs due to Prohibition on Export of Wheat.

Ministry of Commerce & IndustryDepartment of CommerceDirectorate General of Foreign Trade Dated 30th May, 2022 Trade Notice No. 11 /2022 — 23 Tol. All Regional Authorities of DGFT This issues with the approval of competent authority.(S. K. Mohapatra)Deputy Director General of Foreign TradeE-mail: mohapatra.sk@nic.in (Issued from F.N0. 01/911180/032/AM22/EC/Pt,/E-31336)

Jan 24

DGFT ISSUED CLARIFICATION ON IMPLEMENTATION OF PAPER IMPORT MONITORING SYSTEM

The Directorate General of Foreign Trade() has issued Clarification on Implementation of Paper Import Monitoring System via issuing Circular. The Circular Stated, “Import of products under Chapter 48 (total 201 tariff lines) of Schedule-I () of ITC (HS), 2022 are permitted subject to compulsory registration under (PIMS), vide DGFT Notification No. 11/2015-20 dated May 25, 2022.” Various representations have been received in DGFT from trade & industry seeking clarification on the applicability of the said Notification dated May 25, 2022 Read Full Details…

Jan 24

Exim data revised, trade deficit narrows by $10 billion

India’s foreign trade data for the first eight months of 2022-23 has been significantly revised, with the import bill being scaled up or down by at least $2 billion in each of those months, in comparison to the preliminary estimates issued by the Ministry of Commerce. Total merchandise exports between April and November are now pegged at $298.3 billion, nearly $12 billion higher than original monthly data suggested. The import bill in those eight months is now estimated to be Read Full Details…