Page 13 - Imports
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
 "PLI scheme: Auto component companies hope to pare imports")
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
 "CBIC extends re-export timeline for imported containers by 3 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
 "Govt imposes restrictions on mercury imports")
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
 "China trade unexpectedly surges to new records on strong US, EU demand")
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
 "Commerce min notifies procedure for imports under India-Mauritius FTA")
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.
 "India allows imports of genetically modified soymeal via three more ports")
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
 "Deduction of interest due to prepayment of usance bill is allowed: Expert")
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
 "Afghanistan: Taliban stopped exports, imports from India, says FIEO DG")
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
 "Shifting from imports, India now exporting mobile phones worth $3 bn: PM")
China's export, import growth seen moderating in July, finds poll
Exporters are grappling with higher freight costs and lingering logistics bottlenecks.
 "China's export, import growth seen moderating in July, finds poll")
Covid-19 pandemic: Sputnik V vaccine imports likely to improve from August
Trials on adolescents in Russia expected to end by October: DRL
 "Covid-19 pandemic: Sputnik V vaccine imports likely to improve from August")
What explains China's sizeable presence in India's import basket
Merchandise imports from the country more than doubled in April YoY
 "What explains China's sizeable presence in India's import basket")
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
 "Exports see nearly 50% jump to $33 bn in June; trade deficit at $9.37 bn")
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
 "SME CHATROOM: Third-party payment allowed for imports subject to conditions")
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.
 "Govt identifies items for Customs exemptions review, asks for views")
'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.
 "'Levels often deceptive': 5 reasons why India needs to up record forex pile")
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
 "Cheap imports of masks from China push US manufacturers to the brink")
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.
 "Online classes amid ongoing Covid-19 boost mobile phone import in Nepal")
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
 "Exports jump 46% to $14 billion so far in June on shipment growth")