Daily Export Import News

Serbia’s Jan-Nov trade gap expands 42%

BELGRADE (Serbia), December 29 (SeeNews) – Serbia’s trade deficit rose by 41.8% in the eleven months through November, reaching 10.212 billion dollars (9.601 billion euro), the country’s statistical office said on Thursday. Exports increased by 12% year-on-year to 26.120 billion dollars in the January-November period, while imports went up by 19% to 36.333 billion dollars, the statistical office said in a statement. The export-import ratio fell to 71.9% from 76.6% in the first eleven months of 2021. In November alone, Read Full Details…

Rodtep reimbursements: Govt likely to guide industry on documentation

The government plans to handhold the industry to help them familiarise with adequate documentation that they need to maintain for the Remission of Duties or Taxes on Export Products (RoDTEP) scheme-related reimbursements, a senior government official said. This is because last year, the United States (US) and the European Union (EU) had imposed countervailing or anti-subsidy duty against some products as retaliation against India’s export boosting scheme. The RoDTEP scheme allows refunds of the embedded non-creditable central, state and local Read Full Details…