Page 13 - Imports

SME CHATROOM: Third-party payment allowed for imports subject to conditions

Notification No. 66/2017 exempts all suppliers of goods who have not opted for composition scheme, from payment of GST on advances received

Govt identifies items for Customs exemptions review, asks for views

Importers, exporters, domestic industry and trade associations are invited to give views on the subject for consideration by the government by August 10 on the 'MyGov.in' portal.

'Levels often deceptive': 5 reasons why India needs to up record forex pile

The reserve touched a record $608 billion last month due to RBI soaking up dollars.

Cheap imports of masks from China push US manufacturers to the brink

Cheap imports of masks from China has pushed the US manufacturers to the brink as production plunges

Online classes amid ongoing Covid-19 boost mobile phone import in Nepal

Online classes amid the ongoing Covid-19 pandemic has boosted the import of mobile phones in Nepal, according to data released by the country's Department of Customs.

Exports jump 46% to $14 billion so far in June on shipment growth

Imports too rose by 98.33 per cent to $19.59 billion during the period, the data showed

India's May trade deficit widens to $6.28 billion as imports rise 73%: Govt

India's exports rose by 69.35 per cent to $32.27 billion in May, driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery

China's imports up 51% yoy in May, grow at fastest pace in a decade

Exports in dollar terms grew 27.9% in May from a year earlier, slower than the 32.3% growth reported in April and missing analysts' forecast of 32.1%

All eyes on GoM call on taxing Covid items

Under the GST laws, hundreds of mass consumption items and essential services are exempted fully or attract a lower rate of tax than the standard rate of 18%

Saving people from disease better than shielding industry

Should the govt policy benefit a few manufacturers through protection from imports or a large number of people via easier access to cheaper devices that help reduce chances of contracting diseases?

India's crude imports stall in April as coronavirus stifles demand

Crude oil imports in April were at 18.26 million tonnes, although on a yearly basis they rose about 10.3%, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Thursday

Dollar forward rates normalise after carry traders unwind positions

Decline in premium to help importers hedge near-term exposures

Exports jump to $30.2 billion in April; trade deficit at $15.24 billion

Imports too rose to $45.45 billion last month as against $17.09 billion in April 2020

Exports up 60% in March at $34.5 bn, but decline by 7% in FY21: Govt data

Trade deficit during March 2021 widened to $13.93 billion from $9.98 billion in March 2020

India to be impacted as US works on $1 bn tariff plan over digital taxes

In each of the six cases, the USTR proposes to impose tariffs that would roughly total the amount of tax revenue each country is expected to get from the U.S. companies

Exports jump 58% to $34 bn in March, but fall 7% in FY21: Govt data

The trade deficit during the month widened to $14.12 bn as against $9.98 bn in March 2020

Centre chalks out four-point strategy to clear Suez Canal blockage

According to the government's assessment, total backlog at the waterway is likely to be cleared in a week' time

Foreign trade policy 2021-26 to focus on MSMEs, new export potential

Online data will be available to govt, industry; will help domestic producers analyse market potential for goods

Take steps to contain further deterioration in exports, imports: Par Panel

A parliamentary panel has suggested to the Department of Commerce to take appropriate measures to check further deterioration in exports and crucial imports

Dealing with tariff complaints

WTO's India review shows protectionism has alienated partners