Imports

ONGC okays $500 million guarantee for MRPL to import oil from Aramco

ONGC approved a $500 million guarantee for MRPL's crude imports from Aramco as India plans to source up to 25% of its 2027 LPG imports from the US

India to keep engaging with US on trade deal after new tariff measures

The Trump administration on Friday unveiled fresh duties of between 10% and 12.5% on goods from 60 trading partners, including India

US temporary 10% tariff on Indian goods expires Friday unless renewed

The 10 per cent temporary tariff imposed by the US on imports from its trading partners, including India, is set to expire at 9:31 am (IST) on July 24, unless President Donald Trump's administration extends the measure or announces a new tariff regime. If no fresh announcement is made in the next few hours, imports from India and other US trading partners will revert to the tariff regime that existed before April 2, 2025, when no additional duty was in place. Trump, in April 2025, announced sweeping reciprocal tariffs on a number of countries, including on India (26 per cent). For example, a shirt exported from India, which attracted a 5 per cent Most Favoured Nation (MFN) duty in the US, has been subject to an additional 10 per cent tariff since February 24. If the temporary tariff expires on July 24 without being extended or replaced, the product will again attract only the 5 per cent MFN duty. The US, on Wednesday, said it will release the "final responsive action" on Section 30

India's edible oil import bill may rise 9% to ₹1.75 trn this year: SEA

India's edible oil import bill could climb 9% to a record ₹1.75 lakh crore this year, driven by higher import volumes, a weaker rupee and global supply pressures

Govt identifies $51 bn in critical imports for domestic manufacturing push

India's latest push to boost domestic production comes ‌as it grapples with supply-chain risks heightened by geopolitical tensions

Cabinet may clear new urea investment policy on Wednesday to curb imports

The guaranteed buyback under the new policy, according to sources, will be available to the units for a period of eight years from the date of commencement of production

Russian crude discounts, high freight stall India's return to West Asia oil

Record tanker freight rates, opaque Iranian supply channels and sharply higher discounts on Russian crude have kept Indian refiners reliant on Russia despite the revival of West Asian supplies

Datanomics: India sees trade deficit with Seychelles on aircraft imports

India's FY26 trade with Seychelles swung to a $267 million deficit as aircraft imports surged, despite 19 new agreements to strengthen defence, maritime security and infrastructure ties

Russian crude oil imports reach record high in June as discounts widen

Russian crude imports rose to a record 2.58 million barrels a day in June as discounts widened and refiners diversified sourcing amid supply constraints from West Asia

Govt imposes anti-dumping duty on chemical imported from China, EU, US

India has imposed an anti-dumping duty for five years on a chemical, used in the rubber and tyre industries, imported from China, the European Union and the US. According to a notification of the finance ministry, the duty was imposed following a recommendation for the same by the commerce ministry's arm, the Directorate General of Trade Remedies (DGTR). The duty ranges between USD 75 per tonne and USD 1748 per tonne. "The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier)," the notification, dated June 19, said. The DGTR has recommended the duty on the imports of 'Sulphenamides Accelerators' from the three regions, as it has been exported at a price below the normal value in Indian markets, which has resulted in dumping and material injury to the domestic industry here. India has also extended the levy of anti-dumping duty on 'Aluminium Foil imported from China, Malaysia, Thailand and ...

India initiates anti-dumping probe against Chinese, Japanese chemical

India has initiated an anti-dumping probe against imports of a chemical, used in tyre and rubber products, from China and Japan, a commerce ministry notification said. The investigation followed a complaint in this regard by Atul Ltd to the Directorate General of Trade Remedies (DGTR). The applicant has alleged that the cheap imports of 'Resorcinol' is significantly harming the domestic industry. "On the basis of the duly substantiated application filed by the applicant and having satisfied itself, on the basis of the prima facie evidence submitted by the applicant, regarding dumping of the subject goods...the authority hereby initiates an anti-dumping investigation," the DGTR's notification said. In the probe, the directorate would determine the existence, degree and effect of the alleged dumping of the chemical exported from China and Japan. If it is established that the dumping has caused material injury to domestic players, the DGTR would recommend the imposition of the levy o

India exports raw aluminium as tariff structure hits manufacturing: GTRI

Think tank GTRI says India's tariff structure encourages exports of primary aluminium while raising input costs for domestic manufacturers and MSMEs

CEEW flags risks to India's energy security from import exposure

The think tank recommends diversifying crude and LNG suppliers, expanding strategic reserves and modernising refineries to reduce vulnerabilities to supply shocks

US, Iran sign peace MoU to end 108-day war; Hormuz hopes set sail

Energy supplies via the Strait to resume slowly after formal deal on Friday

Global urea prices jump 141%, raising India's fertiliser subsidy burden

The recent import tender opened few days back though shows that there could come relief finally round the corner but how much will that be remains to be seen. In 2024-25

Tea Board eyes new markets as West Asia conflict threatens export growth

The Tea Board is targeting China, Africa and Canada to sustain exports as geopolitical tensions disrupt shipments to key West Asian markets

Govt considering extending duty relief on petrochemical imports beyond June

The exemption, announced earlier this year, covers 40 petrochemical products used for making plastics and pharmaceuticals and is currently valid through June 30

Piyush Goyal urges industry to cut dependence on capital goods imports

Goyal urges industry to cut import dependence as rupee hits fresh low and exports push intensifies

Sri Lanka imposes 50% surcharge on car imports to protect falling currency

The Sri Lankan government has imposed a 50 per cent surcharge on vehicle imports - excluding motorbikes and three-wheelers - considering the continuing slide of the country's currency. President Anura Kumara Dissanayake, who is also the finance minister, in a notification on Saturday said "by this order levy on imported goods specified in the schedule here to a surcharge at the rate of 50 per cent on applicable customs duty effect from May 16 for a period of three months". The rupee has seen over 3 per cent depreciation against the dollar by mid this month due to prevailing external pressures - primarily the Iran war, which has led to a massive surge in fuel import bill. The rupee, which was 309 to 310 against the dollar at the beginning of the year, currently stands at over 322. Calling it a "temporary" measure, deputy finance minister Anil Jayantha Fernando told reporters that the move is effectively aimed at making importers delay purchases for three months - a move that could .

Magnet scheme tender deadline extended to June 29 to attract more bidders

The Ministry of Heavy Industries has extended the bid submission deadline for the Rs 7,280-crore REPM manufacturing scheme to widen participation in the global tender process