Page 6 - Import

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

Weekend Bites: India-Canada-Khalistan, women's Bill, and drugs on drones

In which we munch over the week's platter of news and views

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 ...

Laptop can be quite a potent source of leakage: Goyal on import restriction

Union minister of commerce and industry Piyush Goyal on Thursday said that there are security concerns involved in the decision to restrict import of laptops. The minister said that there will be no disruption in the availability or the price and the government will be ready to engage with industry and look at other options also. "Here is an issue, which is a serious security matter. Even Tesla car is not allowed anywhere near where Xi Jinping (President of China) is present. Because they're very conscious of the risks of security, even for a car being present in the vicinity of the premier of China. India also has to protect ourselves from countries who are antagonistic to India," Goyal said. While speaking at an event of book launch of journalist Nalin Mehta, Goyal said that the present government is a listening and accessible government. "We are conscious that laptops are our continuous companion. Laptops are being used for all our privileged and confidential information. And th

Vegetable oil July imports up 46% to 1.7 mn tn due to palm oil shipments

India's vegetable oil imports increased by 46 per cent to 17.71 lakh tonnes in July this year on rise in palm oil shipments, industry body SEA said on Monday. The country's vegetable oil imports stood at 12.14 lakh tonnes in the year-ago period, it said. Similarly, during the first nine months of the 2022-23 oil year (November-October), the overall import of vegetable oils increased by 23 per cent to 122.54 lakh tonnes from 99.74 lakh tonnes in the same period last year. Vegetable oil imports comprise both edible and non-edible oils. According to the Solvent Extractors Association (SEA), edible oil imports rose 46 per cent to 17.55 lakh tonnes during July this year, when compared to 12.05 lakh tonnes in the year-ago period. Non-edible oil imports too increased to 15,999 tonnes from 9,069 tonnes in the said period. With sharp reduction in domestic prices of edible oils, "demand has returned which is evident from the rising import in spite of better domestic availability reflecting

NCCF to sell imported tomatoes from Nepal in UP at Rs 70/kg during weekend

About 10 tonnes of tomatoes imported from Nepal are in transit and the commodity will be distributed in Uttar Pradesh during the weekend at a subsidised rate of Rs 70 per kg, a top official of cooperative NCCF said on Friday. Since July 11, the National Cooperative Consumers' Federation of India Limited (NCCF) is selling tomatoes at a discounted rate on behalf of the central government to boost domestic availability and contain prices. So far, NCCF has sold 9,38,862 kg of tomatoes in Delhi-NCR, Rajasthan and Uttar Pradesh. "Imports are being undertaken by traders. About 10 tonnes of tomatoes are under transit. NCCF will sell imported tomatoes in Uttar Pradesh at a discounted rate during this weekend," NCCF Managing Director Anice Joseph Chandra told PTI. The imported tomatoes will be sold in Uttar Pradesh at a discounted rate of Rs 70 per kg. The imports will be moderated depending on the local availability and price movement, she said. This is for the first time India is importing

Govt to come up with 60 QCOs to curb imports of sub-standard goods

The government will come up with 60 quality control orders (QCOs) this year for products such as consumer goods, rubber, paper and light engineering items with an aim to contain imports of sub-standard goods and boost domestic manufacturing, a senior government official said on Friday. Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said they are issuing these orders "fairly extensively" and so far 33 QCOs for over 127 products such as ACs, refrigerators, pipes, and safety valves have been issued. "Right now, we are processing 60 new QCOs in association with BIS. These are crucial not only for the safety of consumers but also to improve quality standards," he told reporters here. Speaking at the media briefing, Joint Secretary in DPIIT Sanjiv said these orders are issued for goods like smart meters, nuts, bolts and fasteners. Violation of the law can attract a penalty of up to two years of imprisonment or with fine of at least Rs 2 la

India starts importing tomatoes from Nepal amid record spike in prices

The first lot of imports are likely to reach by Friday in Varanasi, Lucknow and Kanpur cities in northern India, Finance Minister Nirmala Sitharaman told the parliament

Imports from China for at least 25 commodity groups rose in FY22-23

Imports of electronics from China grew 14 per cent year-on-year in fiscal 2023, and imports of organic chemicals imports rose 9 per cent

TMSEp494: Station revamp, AI in entertainment, markets, import substitution

What does the revamp of 508 railway stations mean? How's AI disrupting the entertainment world? How did India Inc fare in Q1 earnings season? What is import substitution? Answers here

MeitY officials to meet OEMs on Tuesday over import restriction concerns

The import of electronics products, such as small tablets, laptops, and all-in-one PCs, will now require a valid licence