Page 32 - Exports

Commerce min eases rules to promote exports

The commerce ministry has relaxed certain norms to promote outbound shipments and manufactured products from export-oriented units (EoUs), software technology parks of India (STPIs) and electronic hardware technology parks (EHTPs).The norm of mandatory warehousing requirement for EoUs and software and electronic hardware technology parks has been done away with.The Directorate General of Foreign Trade (DGFT) has also eased rules for the existing EHTP and STP units to avail tax exemptions in the case of conversion or merger of EoU and vice versa.In a notification, the department said an EoU, which is into agriculture, aquaculture, horticulture and poultry, might be permitted to remove specified goods in connection with its activities for use "outside the premises of the unit".Earlier, it was allowed only for outside the bonded area. DGFT has said this in a notification, amending the foreign trade policy (2015-20).The EoU scheme, which was introduced in December 1980, had allowed manufac

Services export up 13% at $13.46 bn in May, imports at $7.9 bn

The services sector contributes about 55 per cent to the country's gross domestic product

Exports of 7 farm commodities fall in May on weak global rates

Cereals, oil meals and dairy & poultry products too recorded negative growth during the month

Hope for exports: Is it real or imagined?

The pace of contraction in May was the lowest since November 2014, fuelling optimism that the decline in exports has petered out

Exports now recovering, fall has bottomed out: Nirmala Sitharaman

Sitharaman said many labour intensive sectors have been holding out and are now picking up

Merchandise exports fall for 18th month

Lowest rate of fall since November 2014 buoys hope of turnaround soon

Exports fall for 17th month in April

Down 6.7%; contraction in non-oil, non-gold import also expands