Six product categories - petroleum, crude oil; coal, coke; diamond, precious metals; chemicals, pharma, rubber, plastics; electronics; and machinery - account for 82 per cent of India's total merchandise imports
The department for promotion of industry and internal trade (DPIIT) is working hard to promote manufacturing of high quality products in the country
Customs duty changes fall into four broad groups - duty hike , duty reduction, correcting inverted duty structure, and reducing the number of duty slabs
Goyal stressed that over the last 9 years, the focus of the Modi-government has been on building the foundation blocks which are necessary for an economy to have many years of uninterrupted and sustainable growth
Customs duty on articles of precious metals such as gold, silver, and platinum has been increased from 20% to 25%. This will improve domestic production and enhance import substitution in this sector. Customs duty on...
Ossoff said India’s high pecan tariffs have prevented Georgia pecan exports to this market of more than one billion consumers
During April-February this fiscal, however, the country's overall merchandise exports rose by 7.5 per cent to $405.94 billion
The PSAA chairman also wrote letters to State Bank of Pakistan (SBP) Governor Jameel Ahmed, Commerce Minister Syed Naveed Namar, and Maritime Affairs Minister Faisal Sabzwari, the Dawn newspaper reported
Imports in December 2022 also declined to USD 58.24 billion as against USD 60.33 billion in the same month last year
Directions have been given to all gencos including independent power producers (IPPs) for timely import of coal for blending purposes and maximising production...
Piramal Pharma Ltd has filed a petition before the DGTR seeking imposition of anti-dumping duty on the imports
The revenues for the month of December 2022 are 15 per cent higher than the GST revenues in the same month last year
In a bid to improve the cost structure of the Indian aluminium industry and enhance competitiveness, the basic customs duty on critical raw materials should be...
The negotiations are happening after a brief gap due to recent political developments in the UK
Russia, on which sanctions have been imposed by western countries due to its invasion of Ukraine, has shared a list of hundreds of items from sectors including...
"The agreement, once implemented, will provide duty-free access to the Australian market for over 6,000 broad sectors of India, including textiles, leather,...
India currently imports a substantial portion of its containers from China since it lacks a stable market for container production.
Over-reliance on foreign original equipment manufacturers (OEM) for their technology has long been a cause of worry for private defence manufacturers
Pakistan’s finance minister Ishfaq Dar said Pakistan is actively considering buying oil from Russia but it should be at a price which is lower or at par with...
The data shows that in April-September 2022, these exports recorded a total growth of $16.96 billion to $231.88 billion and the imports rose by 38.55 per cent...
Growth slowdown and high inflation in advanced economies coupled with disruptions in the global supply chains have begun to impact exports as it grew at a...
India, the world's second-largest rice producer after China, commands a 40 per cent share in the global trade
Imports shot up by 43.61 per cent to $66.27 billion in the month compared to July 2021, the data showed
China's total trade surplus reached an all-time high of $101.3 billion in July, breaking the record set in June.
As per the data, the gold imports almost halved to $2.37 billion in July compared to $4.2 billion a year ago
