Page 9 - Import

Tesla recalls 1.1 million electric cars from China over braking defect

Some 1.1 million electric cars that Tesla made at its Shanghai factory or imported into China between January 2019 and April this year will need to be fixed

Apex court verdict on pre-import conditions gives relief to exporters

Any claim for refund/credit shall be examined on its merits and on a case-by-case basis: SC

Government bans apple imports if its price is less than Rs 50 per Kg

The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. "Import of apples...is prohibited wherever the CIF (cost, insurance, freight) import price is less than equal to Rs 50 per Kg," the directorate general of foreign trade (DGFT) said in a notification. Minimum import price condition shall not be applicable for imports from Bhutan, it said. In 2023, India imported apples worth USD 296 million against USD 385.1 million in 2022. The main countries which export apples to India include the US, Iran, Brazil, UAE, Afghanistan, France, Belgium, Chile, Italy, Turkey, New Zealand, South Africa and Poland.

Import of key Chinese medical devices rises up to 152% till Dec FY23

Overall imports decline 8% in first nine months of FY23

BIS non-clearance halt import of viscose, polyester staple fibre

According to industry sources, even after around 20 days since its implementation, applications for BIS certification by foreign companies are still pending, causing a halt on imports of both VSF, PSF

Edible oil import rises 8% to 1.135 mn tonnes in March: Industry body SEA

Edible oil imports rose 8 per cent year-on-year in March to 11.35 lakh tonnes, industry body SEA on Friday said and demanded that the duty difference between crude palm oil and refined palm oil should be increased to protect domestic refineries. The Solvent Extractors' Association of India (SEA) in a statement said edible oil imports rose to 11,35,600 tonnes in March from 10,51,698 tonnes in the year-ago period. Imports of non-edible oil fell to 36,693 tonnes in March from 52,872 tonnes in the same month last year. The total imports of vegetable oils (edible oils and non-edible oils) went up 6 per cent to 11,72,293 tonnes in March from 11,04,570 tonnes a year ago. From November 2022 to March 2023, imports of edible oils rose to 69,80,365 tonnes from 56,42,918 tonnes in the corresponding period of the previous oil marketing year. The oil marketing year runs from November to October. Imports of non-edible oils fell to 79,828 tonnes in the first five months of the 2022-23 oil year f

Stagnant milk output: Dairy imports may be allowed after a decade

India usually imports high-value milk products but not mass-consumed items

Pakistan's forex reserves fall to less than a month's import cover

As Pakistan struggles to secure external financing to pull the country out of the economic crisis, foreign exchange reserves held by the SBP reversed their course, snapping their 6-week winning streak

New foreign trade policy may not bank on incentives to boost exports

Set to be unveiled on Friday, it is likely to focus on export hubs, e-com

Union Budget 2023-24: Push for ELS cotton yield to reduce imports

ELS cotton usually comprises those that are 32-36 mm

Silver lining: India's imports at record 9,450 tonnes amid demand revival

The surge was led by demand revival from industry, fabricators and investors

Rupee slides 0.5% as importers continue to lock in dollar purchases

FPI outflows, likely RBI dollar purchases weigh on domestic currency

Indian toy retailers play hardball as they sit on non-BIS inventory

Some shut shop as they fear raids

Govt to discontinue import of crude soybean oil under tariff rate quota

The government on Wednesday said that it has decided to discontinue import of crude soybean oil under tariff rate quota (TRQ) from April 1 this year. TRQ is a quota for a volume of imports that will enter India at specified or nil duty, but after the quota is reached, the normal tariff applies to additional imports. "Last date for import of crude soybean oil under TRQ has been revised to March 31, 2023. Further, no allocation of TRQs for import of crude soybean oil shall be made for 2023-24," the directorate general of foreign trade (DGFT) said in a public notice. The government has earlier exempted customs duty and agriculture infrastructure development cess on 20 lakh metric tonnes yearly import of crude soybean oil and crude sunflower oil each, to ease domestic prices. The duty-free import of 20 lakh MT per year was earlier applicable for two financial years -- 2022-23 and 2023-24 -- for crude soybean oil and crude sunflower oil. Now it is applicable only for crude sunflower see

Looming crisis: As power demand hits a peak, gencos told to import coal

Domestic coal supply to be regulated for those not adhering to the directive

DPIIT considering quality control norms for lighters, sports goods

The Department for Promotion of Industry and Internal Trade (DPIIT) is looking to bring lighters and sports goods under the quality norms, a move aimed at containing the import of sub-standard goods and boosting the domestic industry. The other products for which these norms can be issued include potable water bottles and insulated flasks, resin-treated compressed wood laminates and wooden furniture. The department has floated draft control orders for all these products after consulting the Bureau of Indian Standards (BIS). "Department for Promotion of Industry and Internal Trade has prepared a draft quality control order in respect of lighters in consultation with the Bureau of Indian Standards in order to bring it under mandatory BIS certification keeping in view the human safety and for ensuring the optimum quality of product," according to one of the office memorandums of the department. The items, under these orders, cannot be produced, sold/traded, imported and stocked unless

GM mustard (DMH-11) may not solve India's edible oil import problem: ICAR

Indian Institutions engaged in developing GM seeds for 13 crops

Centre allows trade settlement for export promotion schemes in Indian rupee

With the amendment to the Foreign Trade Policy, invoicing, payment, and settlement of trade can now take place in Indian rupee

Under scanner: Special mechanism for sharing trade data in the works

CBIC come across 12-13 cases of import-export data leaks to dark web

Chatroom: 'Drawback of IGST also available on re-export of imported goods'

This is subject to submission to Customs a certificate from the local GST officer that input tax credit has not been taken, and no refund of such ITC or IGST paid on the goods has been claimed