Page 2 - Imported Goods

Q1 results preview: Strong order book booster for infra, cap goods firms

Sequentially, numbers likely to decline, since June quarter is seasonally weak

Rlys freight grows 11% on year in June at 125 MT, gains from loading coal

There has also been an increase of 7 per cent in freight leads, or the distance travelled for transportation of goods, which is a source of higher revenue for the railways

Amid rising imports, Centre mulls boosting production of specific items

Government officials also told industry representatives that exports and domestic production are inter-linked

Reduce slavery to foreign goods, be vocal for local, urges PM Modi

Today the country is encouraging talent, trade and technology as much as possible. Today the country is registering dozens of start-ups every day, creating a unicorn every week, PM Modi said

'Toyconomy': Has new regulation translated into growth for toy industry?

Fresh rules on product standards and a steep rise in basic customs duty have altered the dynamics of the industry but not necessarily to the benefit of small players

Receipt of exports from third party must be declared upfront: Expert

We exported certain goods last year and received full payment. The buyer rejected a part of the consignment

Customs to roll our faceless assessment for imported goods from Oct 31

The Faceless Assessment is being rolled out under the umbrella of the next generational Turant Customs programme.

If the imported goods found defective can be re-exported, says expert

The specific provision under the Customs Act, 1962 is Section 26A that allows refund of import duty if the imported goods are found defective

FinMin told to levy tax on imported goods to boost local products: Pradhan

The proposed Border Adjustment Tax would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally-made products.

Budget 2020: Tobacco, imported products, furniture, footwear to cost more

A large number of items including cigarettes, chewing tobacco along with imported products, like edible oils, fans, table, footwear, electric vehicles, tableware, kitchenware, toys and furniture are set to become more expensive due to hike in taxes proposed in the Union Budget for 2020-21. On the other hand, newsprint, sports goods, microphone will become cheaper as Finance Minister Nirmala Sitharaman proposed reduction in duties on these items in the Budget for 2020-21. Following is a list of imported items that will become costlier following the announcements in the Budget -- > Butter ghee, butter oil, edible oils, peanut butter > Whey, meslin, maize, sugar beet seeds, preserved potato > Chewing gum, dietary soya fibre, isolated soya protein > Walnuts (shelled) > Footwear, shavers, hair clippers, hair-removing appliances > Tableware, kitchenware, water filters, glassware > Household articles of porcelain or china > Rubies, emeralds, sapphires, rough

Govt orders probe into 'unknown' imports, revenue dept to provide details

India's overall imports stood at $514 billion in 2018-19, up by 11 per cent from the previous year

Importers of ethyl alcohol will need licence as Govt puts restriction

Now, the prospective importers of this product shall have to apply for a licence from the DGFT

RBI relaxes norms for imported goods by raising trade credit to $150 mn

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