Import/Export Industry Notifications

The Center examines options such as putting a cap on the refund amount for individual exporters and limiting the number of items eligible for refunds to stay within the limited budget sanctioned.

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Penetrating rivalry among Indian exporters is one of the primary reasons why the increase in (non-Basmati) rice prices in the global market has been limited compared with other agricultural commodities such as wheat, corn, and sugar.

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The Aluminium Association of India has requested the government to implement the RoDTEP Scheme (Remission of Duties or Taxes on Export Products) for the Indian Aluminium industry on priority to survive these challenging times.

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Measures to facilitate trade during the lockdown period- Section 143AA of the Customs Act, 1962- reg.

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Union Commerce and Industry Minister Shri Piyush Goyal and Senior Officers of the Department of Commerce and Directorate General of Foreign Trade (DGFT) on 11th May 2021 held a meeting with the Export Promotion Councils to discuss various issues concerning international trade.

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India’s imports from China held steady at the previous year’s level, and exports soared. China also emerged as India’s largest trade partner as the value of transactions between the US and India fell.

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Shipments of products monitored by the Agricultural and Processed Foods Exports Development Authority (Apeda) grew 25% in dollar terms to a six-year high of $19.96 billion against $15.97 billion in the previous year. In rupee terms, the exports were up 29% at ₹1.47-lakh crore (₹1.14-lakh crore)

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Building upon lower domestic cotton prices, Indian exporters have so far shipped over 75% of the 65 lakh bales (each of 170 kg) of cotton exports projected for the whole year 2020-21.

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The catastrophic growth of Covid cases in India has reignited the ships’ crew-change crisis, prompting fears it could become “worse than Suez.”

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