India Trade

Revenue secretary calls for trust-based, tech-driven customs reforms

Arvind Srivastava says next phase of customs reform must deepen stakeholder trust and leverage technology as India's expanding trade ecosystem places new demands on governance

Eligible manufacturer-importers to get duty deferment facility from March

The revenue department will roll out the 30-day duty deferral facility for eligible manufacturer-importers from next month, which will help such importers to better manage their liquidity, a senior official said on Thursday. Finance Minister Nirmala Sitharaman in Budget for 2026-27 had proposed to provide eligible manufacturer-importers the same duty deferral facility as is available to Authorised Economic Operators (AEOs). This was done to encourage such importers to get themselves accredited as a full-fledged Tier 3- AEO in due course. The Budget had also enhanced the duty deferral period for Tier 2 and Tier 3 AEOs from 15 days to 30 days. Speaking at the National Symposium on Customs Reforms-2026, Revenue Department Joint Secretary (Customs) Anupam Prakash said presently there are about 6,000 entities which operate under the Customs "trusted ecosystem", of which 1,500 entities have AEO T2 and T3 accreditation. "We want to increase the number of entities in trusted scenarios. Fo

India must review US trade deal after SC tariff ruling, says GTRI

GTRI says the US Supreme Court's decision striking down Trump's global tariffs frees most Indian exports from reciprocal duties, prompting a reassessment of the new bilateral trade deal

Govt planning new Rail Tech policy to cut dependence on foreign suppliers

Under the plan, the Railway board is expected to offer partial funding, technical help, and access to testing centres

Trade deals to support India's growth despite global risks: RBI governor

Reserve Bank of India Governor Sanjay Malhotra said India's economy remains on a strong footing despite global challenges, helped by stable inflation and steady growth

India-US trade in context: How it compares with the EU, China and others

India and the US have announced a trade deal to ease tariffs. Here's how the India-US trade relationship compares with India's major partners and the world's largest trade corridors

India-US trade deal explained: What we know and what remains unclear

Even as both PM Modi and Trump hailed the agreement, details on several key issues, including agriculture, India's purchase of Russian oil and the services sector, remain unclear

India-US trade deal: What tariffs are India's export competitors paying?

India-US trade deal: A closer look at how American tariffs on Indian exports compare with those faced by key rivals such as China, Vietnam, Mexico, Bangladesh across major sectors

India-EU trade deal: Only native EU carmakers may get import tariff relief

Move to block non-Europe firms from using lower duty to dump cars in India

India-EU trade deal: Exports to double; tariff reductions on 96% goods

The trade deal, which is being called the 'mother of all deals', will strengthen economic and political ties between the world's second and fourth largest economies

PM Modi announces signing of India-EU trade deal, hails landmark agreement

Modi said people are discussing it as a "mother of all deals", and this agreement has brought a lot of opportunities for 140 crore Indians and crores of Europeans

'Vance, Navarro, even Trump stalled trade deal with India': US Senator

In a leaked recording, Cruz warned donors that Trump's tariff policy could seriously harm the US economy and even put the president at political risk

India, EU move to seal trade pact, deepen security and defence ties

India and the EU move to conclude a much-awaited trade pact while elevating security, defence and mobility ties, signalling a broader strategic alignment amid global uncertainty

US senators push India for tariff relief as pulses growers lose mkt share

Republican senators from two key US farm states push for tariff relief from New Delhi as American pulses growers struggle to regain India market share lost to Canada and others

EU's new GSP curbs impact only 2.7% of India's exports to the bloc: Govt

The EU's revised GSP rules will affect just 2.66% of India's exports to the bloc, with most major industrial sectors already graduated due to higher competitiveness

Lula's visit to focus on defence, open office of Brazilian trade in Delhi

Brazilian President Lula will visit India from Feb 19-21 to inaugurate an ApexBrasil office in New Delhi, attend the AI World Summit and sign agreements spanning defence, critical minerals, energy

India, EU near FTA finish line, aim to close talks at January 27 summit

India and the European Union are in the final and most difficult phase of free trade agreement talks, with both sides aiming to announce the conclusion at the India-EU Summit in New Delhi on January 2

Datanomics: Skew towards UAE continues in bilateral trade with India

India-UAE trade crossed $100 billion in FY25, but rising imports-especially energy-have widened India's trade deficit despite CEPA-driven export diversification

European Union suspends GSP export benefits; to impact India's shipments

EU has withdrawn GSP tariff benefits on 87% of Indian exports from January 2026, raising duties on key sectors and hitting competitiveness ahead of the India-EU FTA

Maharashtra overtakes Tamil Nadu in NITI's 2024 export preparedness index

Maharashtra has emerged as the most prepared large state in NITI Aayog's Export Preparedness Index 2024, overtaking Tamil Nadu as several other states gain ground