Page 22 - India Imports

India's account surplus to touch $20 bn in FY21 due to Covid-19: Barclays

The country has been perennially struggling with huge current account deficits.

Post-import expenses excluded for determining Customs value: Expert

The charges for erection and training will not be included in the assessable value of the imported goods

Exports head towards contraction as orders from US, Europe vanish

With global oil prices dipping to record lows, petro exports to bring less revenue

Imported goods deposited in bonded warehouse can be re-exported: Expert

The conditions for such re-export or DTA clearance are spelt out in those legal provisions

Imported volatility in Indian markets

You'll see extra volatility and sudden sell-offs when optimism dims in New York or Frankfurt

Copper, paperboard, RBD imports to decline on stringent 'rules of origin'

In Budget 2020, FM emphasised the need to strengthen 'rules of origin' under the FTA to curb import from non-producing (trading) countries

Patients to bear the brunt of additional 5% health cess on device imports

Till date, the customs duty was 7.5%, plus educational cess. With an additional 5% health cess

Coronavirus: Indian industry may get to fill gap left by Chinese traders

The real impact of trade can be gauged after February 8, when the Chinese Lunar Year holidays end

Strict provisions across Customs rules to tighten the screws on imports

A string of measures includes specific provisions in rules governing anti-dumping, safeguards, and basic Customs duties.

Gifts from abroad facing Centre's ire

The Foreign Trade Policy (FTP) has, for decades, allowed import of gifts of freely importable items without any value limit

Govt imposes anti-subsidy duty on copper wire rods import from 4 nations

DGTR has recommended imposition of the duty on the imports of 'continuous cast copper wire rods' from Indonesia, Malaysia, Thailand and Vietnam

India's palm oil import curbs could trigger Malaysia, Indonesia price war

The Indian Ministry of Commerce and Industry issued a notification on Wednesday declaring that the import of refined palm oil is amended from 'Free' to 'Restricted'

India asks importers to buy palm oil from Indonesia, not Malaysia: Report

On Monday, the commerce ministry held a detailed meeting with edible oil industry stakeholders and asked them informally to avoid purchase of Malaysian palm oil, a government source said

Year closes on a gloomy note

Export, import, private investment, domestic demand, direct tax revenue, and indirect tax collection all show a declining trend

Back to square one on trade strategy

What's the strategy to revive the economy? Mere fundamentals will not do the trick

Govt orders probe into 'unknown' imports, revenue dept to provide details

India's overall imports stood at $514 billion in 2018-19, up by 11 per cent from the previous year

Govt may hike tariff on imports that escaped higher duties last year

Move ordered by Commerce Minister Piyush Goyal, is aimed at boosting domestic manufacturing

RCEP debate: Issue of diminishing returns from FTAs plagues India

The basic building block of the proposed RCEP - the Asean FTA - continues to be one-sided

Exports shrink for 3rd straight month; down 1.1% in Oct; imports fall 16.3%

Merchandise trade deficit remained relatively low at $11 billion after the $10.86-billion deficit in September

Goyal in US: Tariff on medical devices, agri imports dominate discussions

The meeting assumes significance at a time when New Delhi has openly backed a bilateral deal with the US - a significant change in its position