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

Import Export Updated News | www.eximtutor.com

Jan 16

Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023- Reg.

impexLeave a commentCustoms Import Duty, exim news, Import

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (i)]GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF INDIRECT TAXES AND CUSTOMSNOTIFICATION No. 03/2023-Customs (N.T.)New Delhi, the 11th January, 2023 G.S.R. .(E).- In exercise of the powers Read more…

Jan 16

1 MT tur dal imports likely as output dips

impexLeave a commentImport, Pulses

India is likely to import a million tonnes of tur dal (pigeon peas) in the marketing year 2023-24 to meet the domestic demand as production in the country is expected to drop due to wilt disease, said Rohit Kumar Singh, Read more…

Jan 14

Washington lawmakers seek removal of tariffs on American apples imported to India

impexLeave a commentApples, Export, Import

The lawmakers from the US State of Washington have urged the Biden administration to help remove or reduce the tariffs on American apples imported to India as the country’s fruit industry has incurred significant losses due to New Delhi’s retaliatory Read more…

Jan 14

Revision of Import / Export Demurrage and detention tariffs in Kenya and Transit

impexLeave a commentDemurrage & Detention, Exim Bank, Export, Import

We have seen an increase in delay related costs for containers into Kenya and for containers that are in transit via Kenyan ports. To encourage all customers to return import containers as quickly as possible and to enable us to Read more…

Jan 13

Import growth to be higher than that of export: Economist

impexLeave a commentexim news, Import

Bank Mandiri economist Faisal Rachman has predicted that the growth in imports will be higher than that of exports in 2023, driven by strengthening domestic demand. Domestic demand in 2023 will be driven by the lifting of restrictions on community Read more…

Jan 10

Customs duty on 35 items may be hiked in Budget 2023

impexLeave a commentCustoms Import Duty, Import

India has drawn up a list of over 35 items that are being examined for a possible customs duty increase in the upcoming budget, scheduled to be announced on February 1. Private jets, helicopters, high-end electronic items, plastic goods, jewellery, Read more…

Jan 10

Gem, Jewellery Industry Seeks Abolition Of Import Duty On Raw Material For Lab-Grown Diamonds In Budget

impexLeave a commentexim news, Export, Import

Gem and jewellery exporters on Sunday urged the government to announce support measures like the abolition of import duty on raw material for lab-grown diamonds and jewellery repair policy to promote the sector and boost shipments in the forthcoming Budget. Read more…

Jan 09

India’s central bank governor warns of South Asian debt distress

impexLeave a commentexim news, Export, Import

India’s central bank governor has expressed concern over growing debt distress among regional trade partners and said he is alert to possible risks to his country’s economy from a global slowdown. Shaktikanta Das said in an interview with the Financial Read more…

Jan 09

South Korea more aggressive than Japan in India, registers higher trade volume year after year

impexLeave a commentexim news, Export, Import

In 2022, Korea’s trade with India touched an all-time high at USD 27.8 bn while Japan lingers around USD 20 bn. Similar was the case last year, and previously too. The count of Korean companies in India is increasing fast Read more…

Jan 09

Certain amendments have been made to the Foreign Trade Policy (FTP) and Handbook of Procedures to allow International Trade Settlement in Rupees.

impexLeave a commentexim news, Export, Import

New Delhi: Centre has allowed International Trade Settlements in Indian Rupees for Export Promotion Schemes under the Foreign Trade Policy. According to the Ministry of Commerce and Industry, the decision was taken to facilitate and ease international trade transactions in Read more…

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EXIM Updates

  • Jamaica’s foreign trade action plan to be reviewed
  • 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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