Page 10 - India Imports

Govt to issue end-to-end digital authorisation for laptop, tablets' import

The decision spells relief for global laptop makers such as Dell, HP, Apple, Samsung and Lenovo, which had been unnerved by the abrupt announcement of a licensing regime in August

PLI scheme effect? Bulk drug imports from China slow, shows data

Experts say scheme to boost local manufacturing will take 5-7 years to show tangible results

Imported food item for re-export doesn't need clearance, says FSSAI

The FSSAI advisory should also come as a big relief in ease of doing business

US, Korea raise concerns on India's import restrictions on laptops, PCs

The US, China, Korea and Chinese Taipei have raised concerns on India's decision to impose import restrictions on laptops, and computers, in a meeting of the World Trade Organisation (WTO), an official said. The concern was flagged in the meeting of WTO's Committee on Market Access. It was chaired by Renata Crisaldo of Paraguay on October 16, in Geneva. The US has stated that the decision will have an impact on trade of these products, including US exports to India, once they are implemented, the Geneva-based official said. America has also said that the decision is creating uncertainty for exporters and downstream users. On August 3, India imposed import restrictions on a host of IT hardware products as laptops, personal computers (including tablet computers), micro computers, large or mainframe computers, and certain data processing machines with a view to boost domestic manufacturing and cut imports from countries like China. The regime would come into effect from November ...

Amid declining Indian imports, shipments from Russia, Hong Kong see growth

In the realm of exports, India saw diverging trends among its top 10 markets

Imports from Russia up 67% in Apr-Sep on higher shipments of oil: Govt data

India's imports from Russia rose by about 67 per cent to USD 30.42 billion during the April-September period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first half of this fiscal. The imports were USD 18.24 billion during April-September 2022. From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's oil imports rose to over 40 per cent. India, the world's third-largest crude importer after China and the United States, has been buying Russian oil that was available at a discount after some countries in the West shunned it as a means of punishing Moscow for the invasion of Ukraine. The ministry's data showed that imports from China dipped to USD 50.47 billion during the period against USD 52.42 billion in the same period last year. Similarly, imports from the US .

India's exports decline 2.6% to $34.47 bn in September: Govt data

India's exports declined by 2.6 per cent to USD 34.47 billion in September this year as against USD 35.39 billion in the same month last year, government data showed on Friday. Imports too fell by 15 per cent to USD 53.84 billion as against USD 63.37 billion recorded in September 2022. The country's trade deficit in the month stood at USD 19.37 billion. During April-September this fiscal, exports contracted by 8.77 per cent to USD 211.4 billion. Imports during the six-month period fell by 12.23 per cent to USD 326.98 billion. Meanwhile, Commerce Secretary Sunil Barthwal said, "Negotiations for the India-UK FTA (free trade agreement) are going on and we are ironing out the differences.

Relief for Sikkim: Likely duty waiver by GST Council for warning system

The exemption would be valid for imports made up to the end of February 2024, a source familiar with the matter said

SAIL expects four coking coal ships of 75,000 tonnes each from Russia

SAIL said it was working on doubling coking coal production capacity in International Coal Ventures Private Limited (ICVL) at Mozambique

Canada's lentil sales to India slow after Trudeau raises murder suspicions

Canada is India's main import source of lentils, a protein-rich staple used to make daal curry

DGTR probes dumping of 3 Chinese goods; to protect MSMEs from cheap imports

The commerce ministry's investigation arm DGTR has "suo-motu" initiated probes against alleged dumping of three products, including unframed glass mirrors and fasteners, by Chinese companies as the authority seeks to guard MSME units against cheap imports from the neighbouring country. Usually, anti-dumping investigations are initiated based on an application filed by domestic producers, but since the fragmented industries did not have the know-how of the procedures involved in the trade remedy probe, the Directorate General of Trade Remedies (DGTR) has undertaken the exercise to investigate the matter on its own initiative. According to three separate notifications, the DGTR said that it is probing alleged dumping of telescopic channel drawer, unframed glass mirror and fasteners. The move is aimed at granting much-needed protection to the MSME (micro, small and medium enterprises) producers against dumped goods from China. "This is a giant leap forward from DGTR's first suo-motu .

India likely to delay import licensing of laptops, tablets, PCs by a year

After industry objections, the plan, which would also affect Dell and HP, was quickly delayed by about three months, and came under criticism from Washington

Govt aims to meet 70% of IT hardware need through local production: MoS IT

The government aims to meet up to 70 per cent of the country's IT hardware requirement through local production in the next three years and reduce dependency on imports from non-trusted sources, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Friday. Speaking to reporters, Chandrasekhar said Ministry of Electronics and IT will share a draft of IT hardware import rules with industry players later in the day as it looks to curb dependence on supplies from non-trusted sources. "At present, almost 80 per cent of our supplies to the digital ecosystem come from imports. We want to make sure whatever the sources are, they are trusted. As part of emphasising trust, it is obvious that the Indian component of that supply chain will have to grow. Today 8-10 per cent of our supply requirement comes from India, we want to make that 65-70 per cent in the next three years," the minister said. As many as 40 companies, including Dell, HP, and Lenovo, have applied for the IT ...

IT hardware companies may be asked to register for imports in FY24: Report

This comes a month after the DGFT announced that the import of certain IT hardware products, including laptops, tablets, PCs, servers, etc., would fall under the restricted category

India's arms imports declined significantly in last 4-5 years: J-K L-G

India's arms imports reducing significantly in the last 4-5 years and defence export reaching an all-time high in the last financial year shows our commitment to innovation and Indigenous technology development, Lieutenant Governor Major Sinha said on Monday. Sinha made the remarks while attending the North-Tech Symposium-2023 held on Jagti Campus of IIT. He attended the event along with Chief of defence staff (CDS) Gen Anil Chauhan. The CDS too held informal interaction with the media. The Lt Governor congratulated the Northern Command, Society of Indian Defence Manufacturers (SIDM) and IIT Jammu for jointly hosting hundreds of industries and defence tech startups. "It is a proud moment for the academia as for the first time since its inception North-Tech Symposium, defence expo is being held in IIT Jammu," the Lt Governor said. He said that the three-day event will showcase cutting-edge technological advancements of the Indian Army and forge a synergy between army, industry, and

QCOs act as NTBs; raise compliance burden and costs

The products under QCOs must conform to the corresponding standard and must bear the standard mark under a licence or certificate of conformity (CoC) from BIS

Panic buying? IT hardware imports rise 50% ahead of licence deadline

The rise in imports is expected to continue in September as well, as it takes 4-6 weeks for consignments to reach India

ICEA urges govt to rethink new laptop, tablet and PC import policy

The development came a day after Ashwini Vaishnaw, Union Minister for Communications and IT said the industry had not raised any concerns on the import licensing requirement

India's imports from Russia doubled to $20.45 bn in April-July period

India's imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil and fertiliser from that country, according to the commerce ministry data. With this, Russia has become India's second largest import source during the first four months of this fiscal. The imports were USD 10.42 billion during April-July 2022. From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's oil imports rose to over 40 per cent. India, the world's third-largest crude importer after China and the United States, has been buying Russian oil that was available at a discount after some in the West shunned it as a means of punishing Moscow for the invasion of Ukraine. The ministry's data showed that imports from China dipped to USD 32.7 billion during the April-July period as against USD 34.55 billion in the same period last year. Similarly, im

Indian purchases of Russian crude slump by record 25% in August

Shipments of Russian oil to India dropped to around 1.5 million barrels per day (bpd) in the first 12 days of August from around 2 million bpd in entire July, according to data