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European nations ‘dumping’ frozen potato chips on SA market, domestic producers complain
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China’s exports, imports tumble
SOPA demands hike in import duty of all edible oils
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Category: Import

Import Export Updated News | www.eximtutor.com

Feb 08

Things to keep in mind while choosing your AD Bank for export-import transactions

impexLeave a commentexim news, Export, Import

Effective participation in international trade is intrinsically linked to the economic development of any country and more so for developing nations. It not only generates employment opportunities but also provides a wide pool of goods and services for customers to Read more…

Feb 05

Gold and silver jewellery to get a lot more expensive

impexLeave a commentCountry, exim news, Gold, Import, India

Jewellery is set to get a lot more expensive, as customs duty on precious metals, articles of gold, silver and platinum and costume jewellery has been increased in the Union Budget presented by Finance Minister Nirmala Sitharaman on Wednesday. To Read more…

Feb 02

Legislative Changes in Customs Laws

impexLeave a commentCustoms, Customs Import Duty, Duty Tax

Under the newly proposed union Budget 2023 the Union Ministry has proposed certain major legislative changes in Customs Laws. The legislative changes are; Section 25 (4A) is being amended to exclude certain categories of conditional customs duty exemptions from the Read more…

Feb 02

Budget 2023: Commerce Ministry urges reduction in gold import duties to boost jewellery exports

impexLeave a commentCountry, Customs, Customs Import Duty, Gold, India, Jewellery

To address the current account deficit (CAD) and surging imports of the yellow metal, the Centre increased the import levy on gold from 10.75 per cent to 15 per cent in July of this year. 12.5 per cent is the Read more…

Feb 01

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

impexLeave a commentCustoms Import Duty, Gold, Import, India

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 Read more…

Feb 01

40% of the goods that Spain imports and exports by sea enter or leave from Valenciaport

impexLeave a commentCountry, exim news, Export, Import, Spain

Valenciaport, as a thermometer of economic activity and world trade, reflects in its 2022 data the international crisis that is affecting the business situation and the global exchange of goods, which is facing a complex situation marked by the war Read more…

Jan 31

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

impexLeave a commentChina, Country, exim news, Import, India

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 Read more…

Jan 30

Match box producers call for ban on importing lighters

impexLeave a commentCountry, exim news, Import, India

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 Read more…

Jan 30

China Import and Export Licensing Management in 2023: List of Goods Impacted

impexLeave a commentChina, Country, exim news, Export, Import

Since the start of 2023, new rules and regulations are set to impact the operations of foreign businesses in China. Among others, China has announced adjustments to export and import administration, such as simplifying registration procedures and lowering tariffs. In Read more…

Jan 29

Both Imports and Exports of Stainless Steel Decreased Significantly in Dec Due to Dismal Overseas Trades

impexLeave a commentChina, exim news, Export, Import, Stainless Steel

According to SMM statistics, China imported 237,100 mt of stainless steel in December 2022, a month-on-month decrease of 18.8% and a year-on-year decline of 12.4%. The amount of stainless steel imported from Indonesia was 189,800 mt, down about 18.2% on Read more…

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EXIM Updates

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  • European nations ‘dumping’ frozen potato chips on SA market, domestic producers complain
  • British business sizes up global trade wins as Malaysia and Chile join Indo-Pacific bloc
  • Hong Kong and United Arab Emirates set to commence talks on bilateral free trade agreement, city leader John Lee says
  • China’s exports, imports tumble

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