Imports

New Fema rules bring small service exporters into the reporting net

On October 1, the RBI updated a Master Direction consolidating various reports/ forms required to be submitted under Fema

Russia remains India's top crude supplier in September amid supply squeeze

Russia supplied 1.74 million barrels per day of crude to India in September through September 27, as constrained West Asian supplies limited alternatives for refiners

India extends anti-dumping duty on imported Chinese decor paper till March

India has extended anti-dumping duty on decor papers imported from China till March 2027 to protect domestic manufacturers from cheap inbound shipments, according to a notification. In December 2021, the Department of Revenue imposed the duty in the range of USD 110 per tonne to USD 542 per tonne, for five years. The department has amended a notification "to extend the levy of anti-dumping duty on imports of 'Decor Paper' originating in or exported from People's Republic of China, up to and inclusive of 26th March, 2027". The extension was approved following a recommendation for the same by the commerce ministry's arm, the Directorate General for Trade Remedies (DGTR). It is a kind of printed or plain paper which is used to surface furniture and flooring or for craft and interior designing. In a separate notification, the department said that it has also extended the anti-dumping duty on imports of 'Calcined Gypsum Powder' exported from Iran, Oman, Saudi Arabia and United Arab ...

DGTR backs 5-year extn of anti-dumping duty on China aluminium foil imports

The Commerce Ministry's arm DGTR has recommended a five-year extension of anti-dumping duty on aluminium foil imported from China, Thailand, Malaysia, and Indonesia, according to a notification. The Finance Ministry will take the final decision on the matter. The duty recommended by the Directorate General for Trade Remedies (DGTR) on 'Aluminium foil 80 micron and below' ranges between USD 93.53 per tonne and USD 976.99 per tonne. "The authority, after examining submissions made by all interested parties in the present investigation, considers it appropriate and necessary to recommend continuation of definitive duties...for a period of five years," the DGTR has said in a notification. The application for initiation of sunset review investigation was filed by Hindalco Industries, LSKB Aluminium Foils, Raviraj Foils, Shree Venkateshwara Electrocast, Shyam Sel and Power Ltd, and SRF Altech Ltd. The notification added that dumped imports have impacted the profitability of the domestic

Govt to fast-track recycling reforms, consider industry's demands: Reddy

Recyclers sought the abolition of the mandatory pre-shipment inspection certificate regime and proposed a technology-driven inspection mechanism at Indian ports

India receives limited TRQ applications from UK for car supply under FTA

Seven UK-based carmakers sought concessional-duty quotas for 642 vehicles after India invited applications for 10,480 units under the bilateral trade agreement for 2026

India-EU FTA opens premium car mkt, gives Indian firms larger export quota

European carmakers get a first-year quota of 100,000 ICE and hybrid cars, while Indian-origin vehicles priced up to 50,000 euros get access to a 250,000-unit EU quota

Needed: A 'give it up' on gold

The case for educating citizens about India's obsession with gold

GTRI calls for review of quality control orders to ease trade barriers

Economic think tank GTRI on Sunday called for review of quality control orders (QCOs) to ensure that these norms protect consumers without becoming import restrictions or licensing barriers. Mandatory quality certification under these orders raises costs, hurts MSMEs and makes goods more expensive, the Global Trade Research Initiative (GTRI) said. It added that if other countries adopt similar orders, Indian exporters could be forced to obtain separate country-specific certifications even when their products already meet recognised international standards, and bear huge travelling and per-diem costs for visiting officers, licensing, renewal and testing fees. This would raise export costs, delay shipments and create new barriers to trade, GTRI Founder Ajay Srivastava said. "A top-level review is needed to ensure that QCOs protect consumers without becoming import restrictions or licensing barriers. Without wider reform, the system risks weakening MSMEs, raising prices and discouragi

Govt revises raw sugar import terms, gives 2 months for refining and sale

DGFT replaces the October 31 sale deadline with a two-month window from filing the Bill of Entry, while the duty-free raw sugar import quota and import cut-off remain unchanged

Petronet LNG awaits clarity on Sep Qatar cargoes amid shipping disruption

QatarEnergy has extended force majeure until August and is yet to give Petronet LNG a definite plan for September supplies; 56 contracted cargoes have been affected

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