Exports

UP International Trade Show draws 4,400 MoUs, worth Rs 6,500 crore

Potential business estimated at ₹15,500 crore

Government likely to extend RoDTEP scheme for exporters: Official

The government is expected to extend the duty refund scheme - Remission of Duties and Taxes on Exported Products (RoDTEP) - for exporters, an official said on Tuesday. The scheme will end on September 30. The official said the ministry is in discussion with the finance ministry on the issue. The scheme, launched in 2021, provides for a refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods and not being reimbursed under any other mechanism at the Centre, state or local level. Refunds under the scheme range from 0.3 per cent to 3.9 per cent. The budget allocation under the scheme for 2025-26 stood at Rs 18,232 crore. The budget for the scheme for this fiscal was Rs 10,000 crore.

New Fema trade rules: More flexibility and greater bank oversight

Goods invoiced or settled in INR get 12 months for realisation, against the nine-month period.

Uttar Pradesh Export Promotion Policy, 2025-30: Key features, incentives, and eligibility

The policy is a state-level framework for helping Uttar Pradesh-based businesses sell goods and services outside India

The 'missing middle' in India's exports

Rupee depreciation finds a new ally

India's exports to core Brics markets surge 34% in Apr-Aug, China leads

India's exports to China, South Africa, Brazil and Russia grew 34 per cent to USD 19.9 billion in April-August 2026-27, led by a 39 per cent jump in shipments to China, highlighting the growing importance of the BRICS bloc for India's export growth. "As India deepens its engagement with the BRICS bloc, strongest momentum is coming from the BRICS members, especially Core BRICS founding partners-- China, South Africa, Brazil, and Russia," an official said. BRICS, originally comprising Brazil, Russia, India, China and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia, with Indonesia joining in 2025. Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan and Vietnam became BRICS partner countries last year. According to the commerce ministry data, exports to the four core BRICS economies grew by 34 per cent, rising from USD 14.9 billion in April-August 2025-26 to USD 19.9 billion in April-August ...

Govt likely to extend textile export scheme RoSCTL beyond Sepember 30

The textile industry has sought a five-year extension of RoSCTL and a doubling of its outlay, with the final decision resting with the finance ministry's Department of Expenditure

ACE sees exports hitting 15% of revenue in 3 years: Sorab Agarwal

"If the West Asia disruption had not happened, we could have reached 8-10% (Share of exports in revenue) in H1FY27 instead of 7-8%" says Sorab Agarwal

Mapping the surge: US powers record Indian smartphone exports

Shipments to the US accounted for 70 per cent of India's total smartphone export value during this period, reaching a record $9.4 billion - a 26 per cent Y-o-Y increase.

India's exports to US rise 21.83% in Aug; shipments to China jump 52.35%

The inbound shipments rose 17 per cent to USD 12.77 billion from China and by 65.78 per cent to USD 5.97 billion from the US, according to the ministry's data.

India's goods exports rise over 15% in April-August: Piyush Goyal

Merchandise exports rose more than 15 per cent in April-August, indicating they crossed $200 billion, as India targets $1 trillion in total exports this financial year

Decoding DGFT's INR settlement rules and Customs re-export deadlines

DGFT's latest notification aligns INR export proceeds with foreign-currency realisation, while Customs clarifies when the six-month re-export clock begins

Govt brings back duty on petrol exports from Sept 1, cuts levy on ATF

Diesel export duty rises to Rs 25 per litre and petrol attracts a Rs 1.5 levy, while the export duty on aviation turbine fuel falls to Rs 19 per litre

Govt hikes windfall gains tax on petrol, diesel exports; cuts levy on ATF

The government on Tuesday hiked windfall gains tax on export of petrol and diesel, and reduced it marginally on ATF for the next fortnight. The rate of special additional excise duty (SAED) along with road and infrastructure cess on export of diesel now stands at Rs 25 per litre, up from Rs 24 a litre. SAED on export of aviation turbine fuel (ATF) has been set at Rs 19 per litre, compared to Rs 19.5 per litre earlier. The duty on petrol exports has been hiked to Rs 1.5 per litre effective September 1, up from zero earlier. The Finance Ministry in a notification said the duty hikes will be effective from September 1. Amid escalating tensions in West Asia, the Government imposed an export duty on diesel and ATF on March 27 and revised the rate every fortnight. Beginning May 16, the levy was imposed on petrol exports. The ministry also said that there is no change in the existing duty rates on petrol and diesel cleared for domestic consumption. The windfall tax was levied to incre

ITA seeks West Bengal tea policy push for Darjeeling, Dooars-Terai

White papers seek financial support, tea-area rejuvenation, factory modernisation and trade reforms to revive production, protect livelihoods and attract investment in North Bengal

Govt eases norms for exporters to get 'One Star Export House' status

The government on Friday relaxed the 'One Star Export House' eligibility condition for exporters by revising the specific international trade and financial performance norms in three consecutive fiscal years. Earlier, exporters were required to achieve specific export performance in all three preceding financial years to receive the 'Star Export House' status. Under the revised norms, export firms reporting the same in any two of the three preceding fiscals will be eligible to get this recognition. This change, however, does not apply to the gems and jewellery sector as that sector already has a separate two-year requirement under foreign trade policy (FTP) 2023. The directorate general of foreign trade (DGFT) has amended a provision of the FTP "to allow granting of One Star Export House status to applicants (other than for the Gems and Jewellery sector) who possess export performance in any two out of the three preceding financial years subject to other provisions...". Upon achiev

Govt urges industry to use FTAs, focus on value addition and export markets

The government on Thursday nudged the industry to utilise free trade agreements (FTAs), focus on value addition, build resilient supply chains, and actively diversify export markets to boost manufacturing and strengthen the country's position in global trade. All trade agreements which India has signed "is a door, but doors, however magnificently crafted, do not open themselves. It is the industry that must walk through them," said Additional Secretary in the Department of Commerce Yashvir Singh. He said the industry should use FTAs to expand market access, attract investment and technology, diversify supply chains, and build manufacturing ecosystems that can withstand global shocks. The ambition is not merely to participate in global manufacturing but to make India a reliable, competitive, and trusted partner in global value chains, he said said at a manufacturing conclave. "I place before this audience five imperatives, not suggestions, but strategic obligations. First, invest in

India's tanker exports surge over six-fold to $1.36 bn in Q1, UAE leads

India's tanker exports surged more than six-fold to USD 1.36 billion in the June quarter from USD 221.1 million a year earlier, signalling the country's growing shipbuilding and maritime engineering capabilities, with the UAE emerging as the largest destination during the period, according to commerce ministry data. Tankers are large-scale transport ships engineered for the bulk movement of liquids and gases. They serve as a cornerstone of global energy networks and industrial supply chains, they safely distribute vital commodities, including crude oil, petroleum products, chemicals, liquefied natural gas (LNG), and fresh water. The data showed that export volumes also expanded significantly from 10 vessels to 23 vessels, reflecting increasing international demand for Indian-built tankers and marine transportation assets. It added that the United Arab Emirates (UAE) emerged as the dominant export destination, accounting for USD 900.8 million worth of tanker imports in April-June ...

Govt approves 31 electronics component projects worth ₹7,877 crore

The projects span 10 states and are expected to generate nearly 10,000 jobs and production worth ₹82,243 crore under the Electronics Components Manufacturing Scheme

Chatroom: EOU warehousing, eway bills and ITC: 3 practical issues

Expert explains whether an EOU can warehouse goods near Ahmedabad, the correct eway bill destination for exports and how to claim ITC on differential IGST