The most visible reform that affects all international travellers arriving in India and a pleasant surprise is the introduction of the Baggage Rules, 2026
Customs notifications override FTP provisions on duty exemptions, while advance authorisation imports can bypass MIP for deemed exports if inputs aren't sold in the DTA
As India courts global trade deals like the EU pact, the Economic Survey flags competitiveness-not protection-as the real key to sustainable export growth
On Republic Day and International Customs Day, a reminder that vigilance in enforcement must remain anchored in constitutional limits, due process and the rule of law
As donald trump completes one year of his second term, the world economic forum at davos opens amid rising tariffs, geopolitical fragmentation and a renewed push for global dialogue
Exporters can reimport goods after one year under notification 45/2017-cus by surrendering duty drawback and rodtep benefits, subject to customs approval
From the finance ministry came a mix of revenue-raising and trade-defence actions. Taxes on tobacco products will increase from the beginning of next month
In 2025, multilateral trade rules weakened as the US raised tariffs, yet global trade stayed resilient, led by strong supply chains, China's leverage and India's adaptive policy response
US proposals to reform the WTO question core principles like MFN and special treatment for developing nations, deepening divisions and raising doubts over the future of rules-based trade
Importers can transfer goods via bill of lading endorsement without GST if done before customs clearance, while RBI allows simplified closure of small outstanding IDPMS entries
The government defers quality control orders on steel and chemicals, signaling a shift from a protectionist trade regime that hurt downstream industries
 "TNC Rajagopalan")
