Sat, Nov 02, 2024
After their concerns, the Commerce Ministry deferred the implementation of those rules till December 2024.
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Thu, Jun 20, 2024
The DGFT administers the Advance Authorisation Scheme of the Foreign Trade Policy, facilitating duty-free import of inputs for export production, which includes replenishment of inputs or duty remission.
Wed, Jun 19, 2024
Exports in volume terms have increased to 17,81,602 MT (tonnes) worth $7.38 billion during 2023-24 as against 17,35,286 MT ($8.0 billion) in 2022-23.
Tue, Sep 13, 2022
At present, work from home (WFH) is permitted for a maximum period of one year in a special economic zone (SEZ) unit and it can be extended to 50 per cent of the total employees.
Fri, Aug 12, 2022
The guidelines issued by the ministry said the units will also have to submit an application to their development commissioners, notifying the adoption of the scheme, at leat 14 days in advance from the date of implementation of the scheme.
Wed, Aug 03, 2022
As per the preliminary data released by the commerce ministry, India's merchandise import in July 2022 was USD 66.26 billion, up 43.59 per cent over USD 46.15 billion in the year-ago month.
Thu, Jul 28, 2022
The ministry said that despite the ongoing pandemic and global developments, India received the "highest" annual FDI inflows of USD 84.83 billion in 2021-22.
Sun, Jul 03, 2022
The directorate general of foreign trade (DGFT), the commerce ministry's arm which is formulating the policy, will soon send the proposal to the finance ministry for seeking funds for the scheme.
Tue, Jun 14, 2022
Darpan Jain, JT Secretary, Commerce Ministry, interacting with media at WTO, Geneva. Watch this video for more details.
Wed, May 04, 2022
India's services exports set a new record of USD 254.4 billion (about Rs 19 lakh crore) in 2021-2022, the commerce ministry said on Wednesday.
Thu, Apr 28, 2022
The commerce ministry has made a case for encouraging domestic manufacturing of 102 items as their share in the country's total imports is high.
Sat, Apr 16, 2022
The objective of the Export Promotion Capital Goods (EPCG) scheme is to facilitate import of capital goods for producing quality goods and services and enhance India's manufacturing competitiveness.
Sat, Mar 19, 2022
The Open Network for Digital Commerce (ONDC) will ensure that small retailers get an equal opportunity to engage with big firms, protect their businesses and serve customers with modern ways of delivery system, Commerce and Industry Minister Piyush Goyal said on Saturday.
Wed, Mar 16, 2022
On March 9, the RBI extended the scheme for pre- and post-shipment rupee credit for MSME exporters till March 2024. Under this, exporters get subsidies for pre- and post-shipment rupee export credit.
Wed, Sep 08, 2021
The commerce ministry's investigation arm DGTR has recommended the imposition of anti-dumping duty on Vitamin C from China to guard domestic manufacturers from cheap imports.
Fri, Sep 03, 2021
The Centre said on Thursday that the 'India Pavilion' in Expo 2020 Dubai will showcase the country's march to becoming a $5 trillion economy in the post-Covid world.
Tue, May 05, 2020
According to global trade norms, a country is allowed to impose tariffs on such dumped products to provide a level-playing field to domestic manufacturers. The duty is imposed only after a thorough investigation by a quasi-judicial body, such as DGTR, in India.
Sun, Sep 29, 2019
The Commerce Ministry on Sunday prohibited export of all varieties of onions with immediate effect, till it comes up with further orders. The decision comes on the backdrop of surging prices of the bulb in the country.
Tue, Apr 02, 2019
The commerce ministry has recommended extension of anti-dumping duty on aluminum alloy wheels from China, Korea and Thailand for another five years.
Mon, Apr 01, 2019
The commerce ministry has laid out a detailed procedure for claiming benefits under the Transport and Marketing Assistance (TMA) scheme, which aims at boosting agricultural exports.
Fri, Feb 15, 2019
After the Pulwama terror attack on Thursday, India on Friday withdrew the MFN status to Pakistan. Following this, India can raise customs duties on goods being imported from Pakistan up to the bound level duty rates. Currently, India's custom duties on goods to members of the WTO are below the bound level rates.
Mon, Dec 24, 2018
The minister said there has been a sharp decline in credit to the export sector and the department of commerce has taken up the matter with the finance ministry and with the RBI.
Fri, Jul 27, 2018
Increase in gold imports pushed the country's trade deficit to USD 157 billion in the last fiscal, an increase of about 45 per cent as compared to the year ago period.
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