Page 16 of Import News: Import Latest News, Import Today news, Import Breaking News

Exporters keeping fingers crossed as recession clouds loom over EU

India’s exports to the EU stood at USD 30.8 billion during April-August 2022. It was USD 65 billion in 2021-22.

October 9, 2022 15:26 IST

Concessional import duties on edible oils in place till March 2023

The food ministry in its latest statement said that the CBIC’s decision of extending existing concessional import duties on specified…

October 2, 2022 15:18 IST

Similarly, China's import cover is at 13.3 months, down from 16.2 months last year and a sharp fall from 22.7 months in 2013.

Data Drive: Falling import cover

The import cover has declined for all countries. The import cover for India stands at 8.3 months, down from 14.7…

September 30, 2022 05:15 IST

Exports to UAE get a boost from trade deal, says commerce ministry

The India-UAE Comprehensive Economic Partnership Agreement (CEPA) came into effect from May 1.

September 25, 2022 21:15 IST

current account deficit, exports, import

India’s current account deficit to rise to 3.5% of GDP in FY23 on slowing global growth, says Nomura

While moderating commodity prices and the uneven pace of growth recovery will affect import growth in coming months, slowing global…

September 7, 2022 11:50 IST

Trade deficit eases a tad in August from July peak

Still high for comfort; exports drop marginally.

September 4, 2022 06:15 IST

customs, import, assessment, clearance, imported consignment, circular, taxes, importers

Customs to begin uniform faceless assessment system for clearance of imported goods in phases from Sep 5

This would promote ease of doing business as it would bring uniformity in customs examination, and reduce the time taken…

August 31, 2022 11:57 IST

India’s export outlook weak, hawkish central banks may weigh on growth, demand; oil prices, gold imports key

Global growth headwinds are likely to weigh on India’s exports going forward. However, the trade deficit may narrow (but likely…

August 17, 2022 10:44 IST

“There is a need to give a signal to traders that domestic prices of wheat need to be cut,” a senior government official told FE, confirming the plan to scrap the tariff.

Import duty on wheat to be scrapped

In April 2019, India raised the import duty on wheat to 40% from 30% as domestic prices had dropped, to…

August 5, 2022 03:30 IST

Merchandise exports dip in July, after 17 months

The supply chain disruptions in the wake of the Ukraine war and the interest rate tightening by key central banks…

August 3, 2022 03:00 IST

Import tariffs rise again in 2021 on renewed push for local manufacturing

Economists, however, have been critical of New Delhi’s move to undermine liberalisation, achieved assiduously over the years since the 1990s.

August 1, 2022 01:40 IST

Govt weighs import curb options: Tight vigil on irrational spike in any segment

Economists expect the current account deficit to widen to 3% of GDP in FY23 from 1.2% from a year.

July 20, 2022 02:00 IST

India’s palm oil imports rise marginally to 5.90 lakh tonnes in June: SEA

India, the world’s leading vegetable oil buyer, imported 5,87,467 tonnes of palm oils in June 2021.

July 13, 2022 15:40 IST

Data Drive: Fuelling the import surge

A decade ago, in FY12, a similar trend was seen when crude prices surged and coal was in short supply,…

July 6, 2022 05:30 IST

Gold import, gold price, gold import duty, gold demand

Gold import duty hike may weaken precious metal demand; MCX Gold August may decline to Rs 51400 per 10 gram

The Indian government has raised the import tax on gold from 7.5% to 12.5%. The step has been taken in…

July 1, 2022 17:15 IST

Government tightens grip on petrol, diesel, ATF refiners with plan to tax windfall gains as crude price soars

After the DGFT decision, producers will hold the inventories as they will not be able to export easily due to…

Updated: July 1, 2022 17:19 IST

Commerce Ministry makes case for encouraging domestic manufacturing of 102 items to cut imports

As many as 88 items such as gold, natural gas, crude palm oil, and integrated circuits have shown increase in…

April 28, 2022 17:22 IST

India’s trade deficit widens to $9.9 bln in March; import of petroleum, crude products nearly doubled

“The non-gold trade deficit widened multifold to US$17.5 billion in March 2022 from US$5.1 billion in March 2021, driven by…

April 13, 2022 14:45 IST

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