Page 12 - Imports

Soaring imports to push India's CAD to 1.9% this fiscal year : Report

Trade deficit--the difference between a country's imports and exports -- has been rising and remains sticky

India cannot depend on imports for essential goods, says Sitharaman

India must become more self-reliant, after the pandemic disrupted supply chains and showed the risks of depending on exports for essential risks, the finance minister said

Aim to cut imports, Commerce Ministry shares list of items with ministries

The cumulative share of these items is 57.66 per cent in total import during the March-August 2021 period

Merchandise exports rise 42.33% to $35.47 billion in October

The merchandise imports surged 62.49 per cent to $55.37 billion

Ports' right to bar imports needs review

The advisory applies to all terminals operated by APSEZ and third-party terminals at any of its 13 domestic ports in seven maritime states. This decision raises a number of issues

FinMin should review DRI demand for social welfare surcharge

The law is quite clear that SWS is to be calculated at the rate of 10 per cent on the BCD levied and collected

PLI scheme: Auto component companies hope to pare imports

It would also reduce imp­orts from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in India

CBIC extends re-export timeline for imported containers by 3 months

Currently, duty-free imports of containers are allowed with the condition of re-export in the next six months

Govt imposes restrictions on mercury imports

The government on Thursday imposed restrictions on the imports of Mercury, used in different sectors including older thermometers, fluorescent light bulbs and electrical switches

China trade unexpectedly surges to new records on strong US, EU demand

The pickup came despite disruptions at China's second-largest port last month due to fresh virus outbreaks, which caused congestion and pushed up shipping costs

Commerce min notifies procedure for imports under India-Mauritius FTA

Commerce ministry notified tariff rate quota for certain items including pineapples, tunas, beer made from malt, rum and procedure for imports of those goods under India-Mauritius free trade agreement

India allows imports of genetically modified soymeal via three more ports

India allowed imports of genetically modified soymeal through three more ports, according to a government order seen by Reuters, facilitating overseas purchases of the animal feed in large volumes.

Asset monetisation plan gives a bigger role to private operators

When implemented, the entities engaged in cross border trade in merchandise will deal more with private entities managing the ports and airports

Deduction of interest due to prepayment of usance bill is allowed: Expert

Exporters may approach AD Category-I banks for reduction in invoice value on account of cash discount to overseas buyers for prepayment of the usance bills

Afghanistan: Taliban stopped exports, imports from India, says FIEO DG

Ajay Sahai says Taliban has stopped the movement of cargo through the transit routes of Pakistan, thereby stopping imports from the country

Shifting from imports, India now exporting mobile phones worth $3 bn: PM

India used to import mobile phones worth USD 8 billion seven years ago and now the country is exporting such devices worth USD 3 billion while reducing imports significantly, PM Modi said on Sunday

China's export, import growth seen moderating in July, finds poll

Exporters are grappling with higher freight costs and lingering logistics bottlenecks.

Covid-19 pandemic: Sputnik V vaccine imports likely to improve from August

Trials on adolescents in Russia expected to end by October: DRL

What explains China's sizeable presence in India's import basket

Merchandise imports from the country more than doubled in April YoY

Exports see nearly 50% jump to $33 bn in June; trade deficit at $9.37 bn

India was a net importer, with trade deficit of $9.4 bn vs $710-mn surplus last yr