Page 6 - Import

India sees 25% fall in vegetable oils import to to 1.1 MT in Nov: SEA

The country's vegetable oils import declined by 25 per cent to 11.60 lakh tonne in November, the first month of the 2023-24 oil year, compared to 15.45 lakh tonne in the year-ago period, industry body SEA said on Friday. Of the total vegetable oil imports, edible oils were 11.48 lakh tonnes and non-edible oils 12,498 tonnes during November 2023. India, the world's leading vegetable oil buyer, imports refined and crude vegetable oils in the edible oil category. Oil year runs from November to October. According to the Solvent Extractors Association of India (SEA), the country's crude vegetable oils declined by 26.34 per cent to 9.77 lakh tonnes in November this year as against 13.26 lakh tonnes in the year-ago period. Similarly, refined vegetable oils import declined by 15.41 per cent to 1,71,069 tonnes in November this year from 2,02,248 tonnes in the year-ago period. Among crude vegetable oils, although the import of RBD palmolein declined in November 2023 to 1.71 lakh tonnes from

Govt announces registration procedure for importers of yellow peas

The government on Wednesday notified the procedure for traders to register imports of yellow peas under the import monitoring system. The Directorate General of Foreign Trade (DGFT) said that an importer can apply under the system online on the DGET website. "The importer on submission of advance information in this online system and online payment of Rs 500 shall be issued an Automatic Registration Number," the DGFT said. The importer has to apply for registration not later than five days before the expected date of arrival of the import consignment. After that, they have to submit the registration number to the concerned Customs authorities when filing for import clearance. "One Automatic Registration Number granted shall be valid for any number of import consignments up to March 31, 2024 only," it added. Further, one number shall be valid for one specific country of origin and one Port of import only. Recently, the government has made it mandatory to register the import of yel

No plan to expand laptop, personal computer import curbs: India tells WTO

India said that industry experts were consulted prior to the notification issued on August 3, and a transition period of three months was provided till October 31

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China's exports edged higher for first time in 7 months, imports falls

China's exports rose in November, the first increase since April, while imports fell, according to customs data released Thursday. Exports rose 0.5 per cent from a year earlier to USD 291.9 billion, a sign that demand may be picking up after months, but imports fell 0.6 per cent, to USD 223.5 billion, after they climbed 3 per cent in October. China has been grappling with sluggish foreign trade this year amid slack global demand and a stalled recovery, despite the country's reopening after its strict COVID-19 controls were lifted late last year. The trade surplus of USD 68.4 billion was up 21 per cent compared to October's USD 56.5 billion. Demand for Chinese exports has been weak since the Federal Reserve and central banks in Europe and Asia began raising interest rates last year to cool inflation that was at multi-decade highs.

AIPEF demands probe into coal shortage at thermal power plants, imports

All India Power Engineers Federation (AIPEF) on Tuesday demanded an independent enquiry into shortage of coal at various thermal power plants as well as the imports of dry fuel in the country. The engineers' body also said the central government should bear the additional cost of coal imports by power generation utilities, according to an AIPEF statement. It said that certain entities are benefitting from rising coal imports and demand from a number of power producers leads to an increase in the price of the dry fuel in the international market. AIPEF chairman Shailendra Dubey said the term of reference of the enquiry should include who are the main beneficiaries of coal imports. According to AIPEF, imports of coal have increased after the government has made it mandatory for imported coal based plant to run with full capacity and instructed the domestic coal based plants to increase blending of imported coal from 4 per cent to 6 per cent. In March this year, the government issued

Global South calls for ramped up global efforts to improve supply chains

The Global South leaders further highlighted the role of South-South cooperation in this regard and discussed ways to promote mutual cooperation and investments amongst the Global South countries

Import licensing announcement pushed PC sales in India up 14% in Jul-Sep

HP Inc continued to lead the PC market with a total share of 29.4% during the quarter

Govt to ensure trusted supply chain for digital ecosystem: Official

India is determined to ensure a trusted supply chain for its digital ecosystem and will not compromise on the security of the internet, an IT Ministry official said on Wednesday, after the US, China and Korea raised concerns over the decision to impose import curbs on laptops and computers at a recent WTO meeting. These concerns were flagged in the meeting of the WTO Committee on Market Access. It was chaired by Renata Crisaldo of Paraguay on October 16 in Geneva. The senior IT Ministry official on Wednesday affirmed that India is determined, indeed justified, in ensuring that the digital backbone and ecosystem are trusted and without any compromise. "...We are very clear and determined that we want an absolutely trusted supply chain for the Indian digital ecosystem, and especially, when we are just going to take off, and the entire internet is going to be built on servers, clouds and data centres," the official said in response to a question on the US and Korea raising concerns ove

Govt deserves praise for e-SHC initiative

The commerce ministry says that with the launch of this new system, the number of status holders will go up from 12,518 to about 20,000

India will not impose restrictions on laptop imports: Trade secy Barthwal

"India will not impose restrictions on laptop imports," Trade Secretary Sunil Barthwal told a press conference on Friday

Annual registration required for IT hardware importers under new system

This policy change comes against the backdrop of proposed import curbs on laptops and IT hardware, slated to take effect from 1 November

Edible oil imports likely to fall 6% due to higher carryover stocks

The country is likely to import 9.5 million metric tons of palm oil next year against 10 million in 2022-23, he told a global conference on vegetable oils in Mumbai

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Govt to make IT hardware import authorisation process online, seeks data

The government on Friday informed IT hardware players that the process of import authorisation for laptops, tablet, servers etc. will be completely online and has sought data of the past three years for the inbound shipments of mobile, IT and telecom products, sources aware of the development said. Industry players have been informed that the "import management system" portal, which will be managed by Directorate General of Foreign Trade (DGFT), will go live by the end of this month. "MeitY has informed companies that 'import management system' will go live by September end. It will be managed by DGFT. It has asked importers to feed their organisation data and import data subsequently for the past 3 years," a source, who did not wish to be identified, told PTI. The government has proposed to implement new rules for import of IT hardware from November 1. The new rule will allow imports of IT hardware by authorised firms. The import management system will handle imports related to .

Exports decline 7% to $34.48 bn in Aug, trade deficit stands at $24.16 bn

During April-August this fiscal, exports contracted by 11.9 per cent to $172.95 billion

Govt breather on IT imports: Festival cheer comes early for PC makers

Analysts say that the new registration mechanism would also mean that festival season sales would not take a hit

Chicken leg imports will continue to attract 100% duty, says govt

The statement could assuage some of the concerns gripping the Indian poultry industry ever since India decided to lower tariff on some poultry items from the US

US trade chief flags concerns over India's license rule for laptop imports

US' intervention comes amid worries the licensing regime could impact shipments from the likes of Apple and Dell and force firms to boost local manufacturing

Paper, paperboard imports surges 39% to 409,000 tonnes in Apr-Jun qtr

India's imports of paper and paperboard surged by 39 per cent at 409,000 tonnes in the first quarter of 2023-24 against 294,000 tonnes in the year-ago quarter, according to an industry body. In value terms, imports rose by 28 per cent to Rs 3,153 crore in the first quarter of FY2023-24 compared to the year-ago period, Indian Paper Manufacturers Association said citing Directorate General of Commercial Intelligence and Statistics data. The surge in imports comes on the back of a 25 per cent increase in paper and paperboard imports in FY2022-23 over the previous fiscal, according to the official trade data. In FY23, paper and paperboard worth Rs 12,531 crore were imported. In the April-June period of FY24, imports from ASEAN jumped nearly three-fold and from China by 37 per cent in volume terms. Imports of all grades of paper accelerated in the first quarter with the highest jump of 214 per cent seen in imports of uncoated writing & printing paper, 28 per cent in coated paper and ...