Page 18 - India Imports

Govt orders to prefer local medical devices, cut imports by Rs 4,000 crore

India is largely dependent on imports for medical devices, and ships in around Rs 42,000 crore worth of devices

Solar project companies queue up to cash in on pre-duty benefits

For a project bid in March, import of panels would take place between June and July 2021

Tolerating an act for a consideration is a taxable service: Expert

Our account with the Customs was flagged as "risky exporter" and our claim for refund of IGST paid on export goods was blocked

Feb exports dip 0.25% after rising three months due to uncertainties abroad

Exporters also cite container shortage; imports continue to rise due to revival in domestic economy and high commodity prices

State OMCs spent Rs 1.96 trillion in excise duty in April-December FY21

Excise duty payment by OMCs rises 66% YoY, despite 30% decline in net sales

Reduction in pulses imports saving of Rs 15,000 cr annually: Govt

India's pulses production has increased significantly in the last few years, leading to a reduction in imports and an annual saving of Rs 15,000 crore, Agriculture Minister Narendra Singh Tomar said.

India plans higher levy on some imported goods to boost local manufacturing

Refrigerator, washing machines, cloth dryers, aluminum and electrical goods are among products likely to see an increase in customs duty, the people said asking not to be identified citing rules

Receipt of exports from third party must be declared upfront: Expert

We exported certain goods last year and received full payment. The buyer rejected a part of the consignment

Budget Byte: Imports grow after 9 months, signal consumption recovery

This daily series of graphs provides context to some of the critical issues relating to the Union Budget on February 1

India's total exports rise marginally to $27.15 billion in December

Imports surged 7.56 per cent to $42.59 billion, official data showed on Friday

China's glass shortage, trade restrictions hit solar panel prices in India

India imports close to 90 per cent of its solar cells and module demand, of which 80 per cent is from China

Need to find 'swadeshi alternative' to imports from China: Nitin Gadkari

He also said that the government is taking a step towards recognising and facilitating rural entrepreneurs

India's exports fell 9% in Nov, in second straight month of decline

Outbound shipments in November this year stood at $23.43 billion, against $25.77 billion in the same month a year earlier

Top headlines: Govt bans local lockdowns, HDFC Bank m-cap hits Rs 8-trn

HDFC Bank became the first bank in the Indian history to cross the Rs 8-trillion, Union Cabinet nod to LVB merger with DBS, and more top headlines of the day

Banks can consider extending time limit for settling import dues: Expert

Weekly advice on managing small businesses. This time SME chatroom talks about a RBI directive on import of goods and services.

India's exports dip 5.12% in Oct; trade deficit narrows to $8.71 billion

Imports also fell 11.53 per cent to $33.6 billion (year-on-year) in October 2020

Uneven recovery? Trade deficit widens in October, exports dip 5.4%

Decline in imports indicates weak demand; recovery may be uneven

Global energy majors line up plans, appear bullish on India's prospects

India imports around 8.5 million tonnes per annum of liquefied natural gas from Qatar under two long-term contracts.

Govt decides to extend validity of licence for tur import till Dec 31

The government on Monday said it has decided to extend the validity of licence for import of tur till December 31 this year.

No more scotch? India moves to ban imported goods at military shops

The order did not specify which products would be targeted. However, industry sources said they believed imported liquor could be on the list