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02 Jun 2023

Govt Permits Import Of Pet Coke As Raw Material For Lithium-Ion Batteries

Lithium-ion batteries are used in electric vehicles. The DGFT, however, said that the sulphur content in the NPC should be less than 0.8 per cent, which would be monitored by state pollution control boards.

15 Jan 2023

India's edible oil imports rise 22 % year-on-year in December 2022

India imported 1.55 mln tonnes of edible oils in the month of December, a 22 per cent increase on a yearly basis. The overall import of vegetable oils during the first two months of oil marketing year 2022-23. India is the world`s second-largest consumer and number one vegetable oil importer, and it meets around 60 per cent of its need through imports.

22 Nov 2022

Australian PM announces FTA with India: What it means for both nations?

Australia’s stock of investment in India was $15.4 billion in 2020 Under FTA, Australia will offer zero-duty access to India for about 96 percent of its exports (by value) from Day One 'India-Australia FTA is expected to raise bilateral trade to $45-50 billion in the next five years' says Piyush Goyal

gold import duty hike

01 Jul 2022

Centre hikes import duties on gold! Yellow metal price rises

The duty increase would raise prices and moderate demand in India. The May trade deficit in India increased to $24.29 billion.

08 Mar 2022

DNA: US, UK bans Russian oil and gas import

In the midst of the Ukraine war, the US and Britain have decided to impose tough sanctions against Russia. But Putin has warned that if this happens, he will stop the supply of crude oil in the international market.

12 Jan 2022

Latest RTO rules and regulations for importing vehicles in India, read here

People import vehicles not available in India directly Import rules and regulations are stringent High tax levied from import vehicles in India

02 May 2021

Exports jump to $30.2 billion in April; trade deficit at $15.24 billion

Imports too rose to $45.45 billion last month as against $17.09 billion in April 2020. Due to the Covid-19 pandemic induced lockdown last year, exports shrank by a record 60.28 per cent in April 2020. In April 2021, oil imports stood at $10.8 billion as compared to $4.65 billion in the corresponding month last year.

29 Apr 2021

Government allows import of medical devices like oxygen canister for 3 months

The government has allowed import of medical devices like nebulizer, oxygen concentrators, oxygen cannister, oxygen cylinders, oxygen generators and ventilators. Importers have been asked to inform the quantity of imported medical devices. The move comes amid a crippling shortage of oxygen supply in the wake of rising in COVID-19 cases.

02 Dec 2020

DNA: Due to the grain crisis, China is now forced to import rice from India

In this section of DNA, we will analyse the grain crisis in China, where it is now buying tons of rice from India to satisfy its citizens' hunger.

Central Board of Indirect Taxes and Customs

23 Jun 2020

CBIC enables end to end paperless exports under turant customs

Turant Customs, which has as its main component Faceless Assessment, would be implemented in phases across the entire country by 1st January 2021.

04 Jan 2017

Gold imports in 2016 decreased to lowest level after 2003

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

08 Aug 2016

China's exports, imports decline amid falling global demand

China's exports and imports declined by about three percent in the first seven months amid falling global and domestic demand, according to data released by a ministry-level administrative agency here.

Commerce and Steel Industry

04 Apr 2016

Govt not considering more steps to check steel import: Nirmala

The Commerce and Industry Ministry is not in favour of more steps to check import of cheaper steel.

27 Dec 2015

Four arrested in Pakistan for importing liver meat from India

Four members of a gang allegedly involved in importing sub standard liver meat from India to Pakistan were on Sunday arrested and tonnes of meat seized during a raid here.

19 Oct 2015

Govt to import 3,000 tonnes pulses, asks states to curb hoarding

As pulses prices touched Rs 200 per kg, the Centre Monday decided to import additional 3,000 tonnes of lentils to control rising rates and asked the state governments to take strict action against hoarders.

23 Jun 2015

Extend ban on import of Chinese milk, chocolates for 1 year: FSSAI

Food safety watchdog FSSAI has recommended for extending the ban on import of milk and milk products including chocolates from China for one year till June 23, 2016.

30 Apr 2015

India's oil imports from Iran jump in April: Trade

India shipped in more than 17 percent more Iranian oil in April than a year before, buoyed by prospects of a diplomatic deal on Iran`s disputed nuclear programme by end-June, preliminary data from trade sources and compiled by Thomson Reuters Oil Analytics showed.

18 Mar 2015

India to import 8 million barrels of oil from Iraq: Source

India is set to import 8 million barrels of Iraqi oil to fill its first strategic petroleum reserve (SPR), taking advantage of cheap prices and lending some support to a market suffering from oversupply.

Current Account Deficit

10 Mar 2015

Current account deficit doubles to $8.2 bn of GDP in Dec quarter

India's current account deficit (CAD) doubled to USD 8.2 billion or 1.6 percent of gross domestic product (GDP) in the October-December quarter on a year-to-year basis.

17 Dec 2014

WTO to set up panel on Brazil import taxes

The World Trade Organization will set up a panel to settle a complaint brought by the EU against Brazil over what it sees as protectionist taxes that discriminate against imports, a source said Wednesday.

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