Page 12 - India Imports

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

Nepal ready to supply tomatoes to India, seeks easier access to market

Nepal is ready to export tomatoes to India in bulk on a long-term basis to quell the skyrocketing prices but has sought easy access to the market and other necessary facilities. The neighbouring country's assurance came after Finance Minister Nirmala Sitharaman told Parliament on Thursday that India has started importing tomatoes from Nepal amid a record-high spike in prices in the country. India is importing tomatoes for the first time due to high retail prices of around Rs 242 per kg amid supply disruptions caused by heavy rains. Nepal is desirous to export vegetables, such as tomatoes, on a long-term basis to India, but for that India has to provide easy access to its market and other necessary facilities, Agriculture Ministry spokesperson Shabnam Shivakoti told PTI here on Friday. Though Nepal has already started exporting tomatoes to India through official channels a week ago, it is not in big quantities, she said. Arrangements are yet to be made for large-scale export of ...

India's laptop import restrictions smell like bureaucratic desperation

The move a day later to push back implementation until November only adds to the sense that New Delhi is making things up as it goes along

Explained: Why India restricted computer imports and who needs a licence

India has imposed restrictions on the import of personal computers, laptops, tablets, all-in-one PCs, 'ultra-small form factor' computers, and servers falling under HSN code 8741

Laptop, tablet sales surge amid concerns over shortage, price rise

On August 3, the government had announced that a licence will be required for import of laptops, tablets, all-in-one-personal computers, ultra-small factor computers and servers

License to lease: How WTO provision became tool for nations to curb imports

While a WTO challenge to India's import curbs on laptops, tablets and personal computers may not happen anytime soon, how it implements the notification will be under close scrutiny

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