India Imports

Datanomics: How the West Asia conflict risks inflating India's oil bill

A major proportion of India's crude oil imports flows through the Strait of Hormuz, which remains an important trade point in the Gulf

West Asia conflict: From oil to remittances, how exposed India is to crisis

Iran-Israel conflict: Rising tensions in West Asia put India's oil supplies, trade routes and millions of workers in Gulf nations at risk, raising concerns over remittance flows and safety

EMI scheme for deferred customs duty payment to be implemented from April 1

The Central Board of Indirect Taxes and Customs on Sunday said the Eligible Manufacturer Importers scheme will be implemented from April 1, and such importers can clear imported goods without paying customs duty at the time of clearance. The deferred payment facility will be available to Eligible Manufacturer Importers (EMIs) meeting prescribed criteria related to Customs and GST compliance, turnover, financial standing and past track record, a finance ministry statement said. "This reform is expected to significantly improve ease of doing business, strengthen the compliance culture, promote wider participation in the AEO programme and provide a boost to domestic manufacturing," the ministry said. Existing AEO-T1 entities, including MSMEs, that fulfil the eligibility conditions are also eligible to participate in the scheme. "The facility will be available from 1st April, 2026, and will remain in force till 31st March, 2028," it added. Under this initiative, EMIs would be able to

Gold, silver rally drove January import bill up 19%; exports increased 0.6%

Trade deficit widest in three months

Govt planning new Rail Tech policy to cut dependence on foreign suppliers

Under the plan, the Railway board is expected to offer partial funding, technical help, and access to testing centres

Datanomics: Gulf bloc's share in India's imports up, exports down

India, GCC begin FTA talks as import dependence deepens, export mix shifts toward electronics and away from energy over the past decade

Datanomics: $500 billion imports in five years need 3.75x increase

Despite tariff cuts, india's plan to import $500 billion of us goods in five years far outpaces historical trade flows

Swadeshi push, not 'indiscriminate' sheltering of industries, necessary

The Economic Survey calls a Swadeshi push inevitable amid export controls and tech denials, but warns against high tariffs and indiscriminate import substitution that hurt competitiveness

Fertiliser imports set for record $18 billion this fiscal year: Officials

In the first ​nine months of the fiscal year that ends in March, India's fertiliser imports surged 71 per cent from a year earlier to $13.98 billion

US plans extra 25% tariff over Iran trade: What it means for India

India could face a sharp rise in US tariffs after Donald Trump announced a 25 per cent duty on countries trading with Iran, adding pressure on exporters already hit by higher levies

Russia's secret oil ships: How shadow tankers evade the West's watch

In order to avoid tracking, many of these ships turn off their automatic identification system, disappearing from standard maritime monitoring

500% tariff on India? Trump 'okays' Bill targeting purchase of Russian oil

Donald Trump has 'approved' a bipartisan sanctions bill that proposes duties of up to 500 per cent on countries buying Russian oil, raising pressure on India, China and Brazil

Cheap oil-linked LNG supply to India trumps US gas amid trade talks

Indian buyers favour cheaper oil-linked LNG over US gas as henry hub prices and freight costs rise, cooling appetite for long-term US LNG deals amid ongoing trade talks

Floor price for API imports may boost local offtake of pharma inputs

DGFT's floor prices on select bulk drugs aim to curb Chinese dumping, support PLI-backed manufacturers and lift domestic offtake, though capped medicine prices may limit cost pass-through

Exports jump 23% at $38.13 billion in November, imports down 1.88%

Exports during April-November were up 2.62 per cent to $292.07 billion, while imports during the eight months rose by 5.59 per cent to $515.21 billion

India's November palm oil imports rise as lower prices spur buying

Imports of soyoil dropped more than 18% to 370,661 tons and sunflower oil imports fell 45% to a two-year low of 142,953 tons, the industry body said

Fertiliser imports likely to jump 41% in FY26 on strong monsoon demand: FAI

India's fertilizer imports are estimated to jump 41 per cent to 22.3 million tonnes in the 2025-26 fiscal year due to a surge in domestic demand following good monsoon rains, the Fertilizer Association of India (FAI) said on Tuesday. The world's second-largest fertilizer consumer has imported 14.45 million tonnes during April-October, up nearly 69 per cent from 8.56 million tonnes a year earlier, the industry body said. "There has been an increase in imports of fertilizers because of a sudden spurt in domestic demand because of good rains," FAI Chairman S Shankarsubramanian told reporters ahead of the association's three-day annual seminar. Fertilizer stocks stood at 10.2 million tonnes by end-November versus 9.97 million tonnes a year earlier, including 5 million tonnes of urea, 1.7 million tonnes of DAP and 3.5 million tonnes of NPK fertilizers, he said. Shankarsubramanian, who is also managing director of Coromandel International, said India has contracted large volumes in the l

India's quiet rollback of trade barriers eases worry for global partners

The government argued that, since it was facing a flood of imports from China, it needed to ensure that these were of sufficient quality to meet Indian standards

India's finished steel imports in April-October down 34%, shows govt data

India, the world's second-biggest crude steel producer, imported 3.8 million metric tons of finished steel during April-October and was a net importer of the alloy, the data showed

DGTR begins probe against dumping of polyester yarn by Chinese firms

India has initiated a probe against alleged dumping of polyester textured yarn by Chinese companies into the country, following complaints by two domestic players including Reliance industries Ltd, according to a notification. The Directorate General of Trade Remedies (DGTR) said that Reliance and Wellknown Polyester in their applications have claimed that the cheap import of these yarns from China have caused material injury to the domestic industry and accordingly have requested the government to impose antidumping duty. On the basis of the duly substantiated written applications submitted by the applicants, and having reached satisfaction based on the prima facie evidence submitted by the applicants concerning the dumping of the products, "the Authority, hereby, initiates an anti-dumping" investigations, the DGTR has said. If it is established that these dumplings have caused material injury to domestic players, the DGTR would recommend the imposition of anti-dumping duty on thes