The commerce ministry's arm DGFT has introduced an online system for traders who seek tariff rate quota for imports
Exports of pharmaceuticals and engineering grew 16.4 per cent to $293 million
The Ministry of Finance data out on Thursday showed Japan's exports rose 2.0% in December from a year earlier
China remains the main source of India's imports, with the US at a distant fifth place
Finance Minister Nirmala Sitharaman will unveil the budget on Feb. 1
Trade deficit at 25-month high as imports surge 8% after continuous declines; Data shows industrial activity picking up in December
A notification in this regard was issued by the Directorate General of Foreign Trade (DGFT), under the commerce ministry
Exports fell sharper at 8.7% in November from 5.1% in October, as demand remained muted in major overseas markets due to Covid-induced lockdowns
China's General Administration of Customs suspended the import of seafood products from an Indian company for one week starting from Friday after Covid-19 was found on the outer packaging
Imports also fell 11.53 per cent to $33.6 billion (year-on-year) in October 2020
China's blacklist -- delivered verbally to commodities traders -- includes coal, barley, copper, sugar, timber, wine and lobster
74 per cent of consignments at ports got nod in less than 48 hours on Sunday
The government has raised import duties on several items and restricted import of many items subjecting them to import licensing
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can
"Each of our two peoples will be more secure, and each of our two nations will be far more prosperous, whether that's two or five or 10 years from now," he added
Open-ended tariff protection will affect competitiveness
While companies cannot import gas-filled AC units, there are no curbs on importing similar AC units without refrigerant
Imports down 19.6%, trade deficit declines 77%
The trade deficit in September was $2.72 billion, compared to $11.67 billion in the year-ago month
The task of getting their goods to the buyers in time at reasonable costs is getting more difficult for the exporters