Category: Import

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Onion
May 26

India imposes export duty of 40% on onions

The government on Friday imposed a 40 percent duty on the export of onions. Additionally, it granted an exemption on duty for the import of desi chana until March 31, 2025. Furthermore, it has prolonged the duty exemption on imports of yellow peas for shipments covered by the bill of entry issued on or before October 31, 2024. In a notification, the finance ministry said the changes would be effective from May 4. Currently, the export of onion is banned. Read Full Details…

The demand for footwear under HS Code 64069010
Apr 29

A Comprehensive Report on Product Description, Import Tariffs, and Global Demand

HS Code 64069010 classifies footwear with outer soles of rubber, plastics, leather, or composition leather and uppers of textile materials. This category typically includes sports footwear, such as tennis shoes, sneakers, and similar athletic footwear.

Dec 01

Walmart’s Strategic Pivot: Shifting to India and Reducing Reliance on Chinese Imports

In a significant move that underscores the dynamic nature of global commerce, retail giant Walmart has recently announced a strategic shift by increasing its focus on India while simultaneously reducing its dependence on imports from China. This decision, influenced by various economic, geopolitical, and market factors, marks a pivotal moment in Walmart’s international business strategy. Background:Walmart, known for its expansive global footprint, has traditionally been a major player in the retail industry, with a significant portion of its products sourced Read Full Details…

Nov 26

The Global Appetite: Exploring the High Demand for Marine and Seafood Products

In recent years, marine and seafood products have experienced a surge in demand on the global market. This phenomenon can be attributed to a variety of factors, ranging from the culinary preferences of consumers to the nutritional benefits associated with seafood. In this blog post, we’ll delve into the reasons behind the increasing demand for marine and seafood products and the impact of this trend on the global market. Culinary Diversity and Gastronomic Pleasure:One of the primary drivers behind the Read Full Details…

Nov 26

WTO members facilitate imports, reduce trade restrictions, but food export curbs persist

The Director-General’s mid-year report on trade-related developments shows that WTO members continued to facilitate imports and generally exercise restraint in the use of trade-restrictive measures from mid-October 2022 to mid-May 2023. However, while the number of export restrictions on food, feed and fertilizers has come down substantially, many such measures remained in place, contributing to supply uncertainty and price volatility. Director-General Ngozi Okonjo-Iweala urged members to work together to deliver results at the 13th Ministerial Conference (MC13) that strengthen the Read Full Details…

Nov 26

Govt should cut import tax on goods to lessen need for export schemes: GTRI

Reducing import duties on inputs and capital goods could help the government cut down the need for many of the existing export schemes, think tank GTRI said on Friday.This would be an important step as India continues to face challenges in managing these incentives within the framework of international trade laws, it said. The Global Trade Research Initiative (GTRI) said that many countries, including major trade partners of India like the European Union (EU) and the US continue to declare Read Full Details…

Automotive Mechanical Engineering Forged and Casted Auto Engineering Parts Worldwide OEM Opportunities
Oct 29

Automotive Mechanical Engineering: Forged and Casted Auto Engineering Parts Worldwide OEM Opportunities

The automotive industry has come a long way since the invention of the first automobile. Today, vehicles are a complex fusion of technology and mechanical engineering, designed to provide efficiency, safety, and performance. Behind the scenes, the production of automobiles relies on a vast array of components, many of which are meticulously engineered for precision and durability. In this blog post, we’ll delve into the world of forged and casted auto engineering parts and explore the global OEM (Original Equipment Read Full Details…