Page 14 - Imports

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

Merchandise export receivables can't be set off against service import dues

You may remit the amount against the import of services separately and ask the buyer abroad to remit the full payment against your export bill

January trade deficit narrows to $14.54 bn, exports rise 6.2% to $27.4 bn

Exports during April-January this fiscal dipped by 13.58 per cent to $228.25 billion

India's crude palm oil import surges 45% in January: Trade body

India's crude palm oil imports in January jumped 44.99 per cent, the Solvent Extractors' Association of India (SEA) said on Friday

DGFT introduces online system for importers to seek tariff rate quota

The commerce ministry's arm DGFT has introduced an online system for traders who seek tariff rate quota for imports

Exports rise 5.37% in Jan to $27.24 bn over growth in pharma, engineering

Exports of pharmaceuticals and engineering grew 16.4 per cent to $293 million

Japan's exports post 1st annual gain in two years over shipments to China

The Ministry of Finance data out on Thursday showed Japan's exports rose 2.0% in December from a year earlier