Page 23 - India Imports

India's trade deficit with China falls to $48.66 bn as imports decline

Exports to China in the last financial year stood at $16.6 billion, while imports aggregated at $65.26 billion

Customs told to clear all Chinese shipments with entry bills till June 30

"The rationale for the June 30 midnight deadline is not very clear," said a government official.

Industry fears supply chain disruption amid curbs on Chinese imports

Global companies that manufacture here say the move will impact their supply chain and force them to halt production.

Imports from Hong Kong on the rise as trade gap with China narrows

India's trade deficit with China is on a downward trajectory, and hit a 5-year low in FY20 due to lower imports and higher exports, but trade deficit with Hong Kong continues to rise.

Chinese shipments await Customs clearance amid border standoff with India

Getting shipments from China may only get tougher going forward, industry fears.

India slaps anti-dumping duty on steel from China, Vietnam, Korea

The duty is applicable on products originating from or exported from China, Vietnam and Korea and imported into India

Shutting India's doors will not help, says CEA amid anti-China sentiments

He said the country had followed the import-substitution model till 1991, and that approach has been discredited since

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