Page 11 - India Imports

Russia's oil to India in June the cheapest since Ukraine war began

The price for each barrel including freight costs was $68.17, down from $70.17 in May and $100.48 a year earlier, according to the latest figures from India's Ministry of Commerce and Industry

Top headlines: India Inc profit surges 65%, world entering green energy era

Business Standard brings you the top headlines at this hour

Curbs on PC, laptop imports: 3-month breather set to light up Diwali season

According to a government notification, import consignments can be cleared until October 31 without a licence and a government permit would be required for the clearance of imports from November 1

Weekend Bites: Import licences, taxing games, and the Ambani way

In which we munch over the week's platter of news and views

Govt defers implementation of laptop, PCs import restrictions to Nov 1

Import consignments can be cleared till October 31 without a license for restricted imports

Govt restricts import of laptops, computers to push local manufacturing

"Their import would be allowed against a valid licence for restricted imports," the notice said

India to import 35% more tur dal at 1.2 mn tonnes to check prices

Facing a sharp rise in tur prices amid lower production, India will import 12 lakh tonne of the pulse in the current fiscal, up by 35 per cent from the last year, to boost domestic availability and contain price rise. "Tur is giving us trouble. All-India average retail price of tur is up by 25 per cent to Rs 128.66 per kg, when compared to last year's level. But it will start cooling down after import begins," Consumer Affairs Secretary Rohit Kumar Singh said in a media briefing. The issue in tur (pigeon peas) is lower domestic production. The country's tur production remained lower at 30 lakh tonne in the 2022-23 crop year (July-June) against 39 lakh tonne last year. "We consume around 44-45 lakh tonne in India. Every year, we have to import. This year, obviously, we have to import more. We will import 12 lakh tonne in the current fiscal," Kumar said. So far, the country has imported 6 lakh tonne of tur. Imports are undertaken from Myanmar and East African countries. The crop in E

US market share in apples, almonds, and walnuts plunged in five years

Similarly, the US-dominated as the source of shelled walnuts for India at 70% share in FY18 with Chile at a distant second with a 29.7% share

A downer for air cargo: What accounts for stagnation of industry in FY23

The global economic downturn, issues with China and a shift towards sea and surface transport have impacted both the domestic and international business in FY23

'Interest demand in pre-import regularisation cases can be contested'

The CBIC Circular referred to above says that the bill of entry will be assessed again and then you have to make the IGST payment

Commerce ministry recommends anti-dumping duty on imported optical fibre

The commerce ministry's arm DGTR has recommended imposition of anti-dumping duty on imports of a certain type of optical fibres from China, Korea and Indonesia to protect the domestic industry from cheap inbound shipments. The Directorate General of Trade Remedies (DGTR) has recommended the duty after conducting an investigation on the dumped imports of 'Dispersion Unshifted Single-mode Optical Fiber' from these countries. The product is mainly applied to high-data rate, long distance and access network transportation. Birla Furukawa Fibre Optics Pvt. Ltd, on behalf of the domestic industry, has asked for initiation of an anti-dumping investigation on this product coming from these countries. The applicant had alleged that material injury is being caused to the domestic industry due to the dumped imports and has requested for the imposition of the duties. The directorate in its findings has concluded that the domestic industry has suffered material injury due to the dumped ...

Challenging SC judgment on validity of pre-import condition may not succeed

Exporters complain that some authorities are talking of applicability of the pre-import condition for advance authorisations issued during that period

India's services exports rise record 27% in FY23, shows RBI data

Services imports grow 22%; surplus at $142 bn: RBI data

India's Apr-Feb fertiliser imports from Russia highest in 3 yrs: Govt data

India imported 34.19 lakh tonnes of fertilisers, including urea and DAP, from Russia during April-February of the current fiscal, highest in the last three years, according to the data placed before Parliament. The imports have risen notwithstanding the Russia-Ukraine war. "....import of urea in the current year up to February (during the ongoing Ukraine war) is more than double as compared to the previous year," Minister of State for Fertilisers Bhagwanth Khuba said in his written reply to the Lok Sabha. Out of total fertiliser import of 34.19 lakh tonnes, about 6.26 lakh tonnes of urea was imported till February of the ongoing 2022-23 financial year, as against 2.80 lakh tonnes imported during the entire previous fiscal, he said. Apart from urea, Di-Ammonium Phosphate (DAP), Muriate of Potash (MoP) and NPK were the other fertilisers imported from Russia. DAP imports stood at 7.65 lakh tonnes, MoP at 0.43 lakh tonnes and NPK at 19.85 lakh tonnes during April-February period of th

'Importers should ensure that certificate of origin is genuine'

Business Standard brings you the fortnightly Q&A on SMEs

As their population explodes, Colombia plans to fly hippos to India, Mexico

Colombia is planning to fly dozens of its "cocaine hippos" -- the descendents of late drug trafficker Pablo Escobars private menagerie

Trade watch: Low demand for goods from China, others sinks imports

Import from India's key crude oil suppliers -- Saudi Arabia and Iraq -- contracted 14.3 per cent and 11.2 per cent, respectively

Trade deficit hits 1-year low at $17.75 billion; exports, imports contract

Exports drop in 19 out of 30 sectors in Jan

India's edible oil imports rose 33% in January, 2nd highest after Sept 2021

India's edible oil imports rose 33 per cent in January to 16.61 lakh tonnes, the highest since September 2021, driven by higher imports of sunflower oil, according to industry body SEA. Import of vegetable oils (edible and non-edible oils) in January rose 31 per cent to 16,61,750 tonnes from 12,70,728 tonnes in the same month last year. Edible oil imports rose to 16,61,750 tonnes in January -- the second highest monthly volume after September 2021 -- from 12,51,926 tonnes, while non-edible oil imports fell to nil from 18,802 tonnes, the Solvent Extractors' Association of India (SEA) said in a statement. The total import of vegetable oils during the first three months of the oil year 2022-23 (November-October) rose 30 per cent to 47,73,419 tonnes compared to 36,71,161 tonnes in the same period last year. Edible oil imports increased to 47,46,290 tonnes during November 2022-January 2023 period of the current oil year from 36,07,612 tonnes in the year-ago period, while shipments of ..

India's January exports fall by 6.58% to $32.91 bn, imports down 3.63%

India's exports in January dipped by 6.58 per cent to USD 32.91 billion, as against USD 35.23 billion in the same month last year, according to the data released by the commerce ministry on Wednesday. Trade deficit in January stood at USD 17.75 billion. Imports in January also declined by 3.63 per cent to USD 50.66 billion, as against USD 52.57 billion in the same month last year. During April-January this fiscal, however, the country's merchandise exports rose by 8.51 per cent to USD 369.25 billion. Imports during the period increased by 21.89 per cent to USD 602.20 billion.