Exports

CBIC clarification fixes one SEZ anomaly, ignores another concern

CBIC's SEZ clarification eases drawback claims on re-exports, but gaps persist for DTA-to-SEZ supplies, calling for a broader, consistent tax interpretation

Exports see healthy rise in April despite West Asia challenges: Goyal

The country's exports have shown a healthy increase during the first three weeks of April so far despite challenges due to the ongoing West Asia crisis, Commerce and Industry Minister Piyush Goyal said on Wednesday. He added that the consignments to West Asia are going through different routes because the Strait of Hormuz is "still a challenge". Goyal also said that free trade agreements finalised by India would give a huge boost to the domestic industry. "There is an increase in exports during the first three weeks of April as compared to the same period of last April... Despite the war in West Asia, there is tremendous enthusiasm among domestic exporters," Goyal told reporters here. The trade data for April will be released by the commerce ministry on May 15. Exports posted the steepest fall in five months, declining by 7.44 per cent in March to USD 38.92 billion due to trade uncertainty and geopolitical tensions, with shipments to West Asia contracting by more than 50 per cent

Epic Group opens first India garment unit with $100 million investment

Epic Group has opened its first garment manufacturing unit in India with a $100 million investment, aiming to boost exports, create jobs and strengthen Odisha's role in global supply chains

India's Seafood sector | Exports at record high, but problems persist: Know more | Fisheries

India’s seafood exports hit a record ₹72,325 crore in FY26. But exporters say the headline number hides deeper stress: falling demand in the US, currency-driven gains,

Centre allows extra 25 lakh tonnes wheat export amid strong harvest outlook

The Centre on Monday allowed export of an additional 25 lakh tonne of wheat considering comfortable stock position amid likelihood of another strong harvest. With this, a total of 50 lakh tonne of wheat and 10 lakh tonne of wheat products have now been permitted for exports. "In view of the comfortable production outlook and higher stock availability, permitting additional exports was considered appropriate," the food ministry said in a statement. The export of additional quantity of wheat is expected to enhance market liquidity, facilitate efficient stock management, and prevent distress sales during the peak arrival season. It will also help stabilise domestic prices and strengthen farmers' incomes, while ensuring that the country's food security remains fully safeguarded. The country's wheat production is pegged at 120.2 million tonne for 2025-26 crop year (July-June) as per the second advance estimate of the agriculture ministry. The higher production was due to increase in w

Centre hikes export duty on diesel to ₹55.5/l, ATF to ₹42/l; petrol nil

The Finance Ministry effected the hike through five notifications by raising the Special Additional Excise Duty on diesel to ₹24 per litre and adjusting the Road and Infrastructure Cess

West Asia war hits henna exports from Rajasthan's Sojat, cargo stuck

Traders say the continuing conflict has severely impacted business operations, with its ripple effects being felt across countries, cities and even rural markets

War-delayed cargo, export mission schemes and a curious court ruling

Experts explain insurance limits on cargo delays due to war disruptions, clarify DGFT export schemes for large firms, and decode the Supreme Court ruling on DEEC benefits and licence validity

Delhi High Court allows Dr Reddy's to make semaglutide for export

The Delhi High Court has upheld an order permitting Dr Reddy's Laboratories to manufacture semaglutide in India solely for export, rejecting Novo Nordisk's appeal in the ongoing patent dispute

Exim Matters: Rodtep rates cut as remissions rise amid flat export growth

Govt halves Rodtep benefits to rein in rising payouts amid stagnant exports, tighter Budget allocations, while exempting agriculture and pushing exporters to improve compliance with annual returns

US solar duty shock may disrupt India's exports, spurs call for SEZ relief

With the US imposing a 125.87% duty on Indian solar equipment, industry players warn of export disruption and renew calls for SEZ manufacturers to sell in the domestic market without duty impact

Rajasthan allocates ₹30 crore to promote small entrepreneur exports

Rajasthan govt will provide ₹30 crore in financial support to small entrepreneurs to participate in domestic and international fairs under MSME, Export Promotion, and One District One Product schemes

Nepal's soyoil exports to India in 2025 jump tenfold on duty-free access

India imported a record 694,153 metric tons of soyoil from Nepal in 2025, up from 65,138 tons a year ago, according to data compiled by India's Ministry of Commerce and Industry

Smartphones became India's biggest export category in 2025: Vaishnaw

Smartphone has become India's top export category with overseas shipments worth USD 30 billion in 2025, Union Electronics and IT Minister Ashwini Vaishnaw said on Wednesday. The minister shared the development in a social media post. "Becoming the smartphone manufacturing factory for the world," Vaishnaw said. The photo post titled Smartphones India's No. 1 export category displayed that there were exports worth USD 30 billion in January-December 2025. Mobile phones worth Rs 5.5 lakh crore (USD 60 billion) were produced in the country, and exports from the segment were worth around Rs 2 lakh crore (about USD 22 billion) in 2024-25. Electronics exports from the country have crossed Rs 4 lakh crore (USD 44 billion) in 2025 and are expected to grow when four semiconductor plants begin production this year. Neil Shah, Co-Founder and VP for Research at market research and analysis firm Counterpoint, said Apple has become a poster child for India by expanding its manufacturing post-US

China imposes export curbs on 20 Japanese firms over remilitarisation

The measures target units of major Japanese industrial conglomerates such as Mitsubishi Heavy Industries' (7011.T), opens new tab shipbuilding and aero engines divisions, the ministry said

China puts Japanese companies on export control lists as tensions rise

China on Tuesday put 20 Japanese companies on an export control list and 20 others on a watchlist, as tensions continue over the Japanese leader's previous comments on Taiwan, the self-governed island Beijing claims as its own. Chinese exporters will be banned from selling dual-use goods, which can be used both for civilian and military purposes, to 20 Japanese companies, according to a statement by China's Commerce Ministry. Companies targeted include multiple subsidiaries of Mitsubishi Heavy Industries involved in shipbuilding and the production of aircraft engines and maritime machinery, as well as divisions of Kawasaki Heavy Industries and Fujitsu, among others. Foreign organizations or individuals are also banned from providing dual-use items originating in China to the 20 entities, the ministry said. "All ongoing related activities must cease immediately," its statement read. A separate list includes 20 Japanese companies for which Chinese exporters are required to submit ..

Trump's 10% tariff reset may lift India's labor-intensive exports

The reduction of the US reciprocal tariff on India from 25 per cent to 10 per cent will significantly improve competitiveness of domestic labour-intensive sectors in the US such as pharma, electronics, engineering, textiles, and gems and jewellery. In a major setback to US President Donald Trump's pivotal economic agenda for his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by the president on nations around the world were illegal and that he had exceeded his authority when he imposed the sweeping levies. Later, through a proclamation, the US announced a temporary import surcharge of 10 per cent ad valorem on articles imported into the US for 150 days from February 24. These sectors at present were facing a reciprocal tariff of 25 per cent in the US market. The US is a major export destination for these sectors and reduction of tariff will help boost exports, Federation of Indian Export Organisations (FIEO)

Govt announces seven measures, credit assistance to help boost exports

The government on Friday announced seven measures, including credit assistance for e-commerce exporters and support for alternative trade instruments, with an aim to promote the country's outbound shipments. These measures are part of the Rs 25,060-crore export promotion mission. Out of 10 components of the mission, three have already been rolled out in January. To support exporters using digital channels, the commerce ministry announced credit facilities with interest subvention and partial credit guarantees. The Direct E-Commerce Credit Facility will provide support up to Rs 50 lakh with 90 per cent guarantee coverage. The Overseas Inventory Credit Facility will extend support up to Rs 5 crore with 75 per cent guarantee coverage, and an interest subvention of 2.75 per cent will be available, subject to an annual ceiling of Rs 15 lakh per applicant, the commerce ministry said. To promote export factoring as an affordable working capital solution for MSMEs, an interest subvention

Nissan targets 100k exports in FY27 as part of renewed India growth plan

Nissan aims for 100,000 exports and 100,000 domestic sales in FY27 as it launches three new locally built models and leverages India's FTAs to strengthen its global supply base

Over 40% of India's US exports already face zero duty, shows govt data

More than two-fifths of India's exports to the US faced no tariffs before trade agreement was sealed