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DGFT NORMS COMMITTEES
Govt strengthens DGFT Norms Committees to speed up export authorisations, cut delaysNew reforms aim to speed up approvals for exporters. The Directorate General of Foreign Trade has enhanced Norms Committees operations. Thi...- West Asia crisis: Govt expands export insurance schemeIndia's government has expanded its RELIEF scheme to cover Jordan and Egypt. This move offers higher insurance to exporters facing disrupti...
- Some companies misuse duty-free import scheme: GTRI calls it 'licence to loot'The Duty-Free Import Authorization (DFIA) scheme, intended to lower exporter costs, is reportedly being exploited, becoming a "license to l...
- Govt to exclude 70 sizes, types of tyres from exemption list of mandatory quality control normsThe review of the list of tyres is a regular exercise to be carried out by IMC (inter-ministerial committee) for making suitable recommenda...
- Govt eases norms for exporters to avail benefits under advanceTo make the norms fixation process more efficient, the DGFT said that it has created a user-friendly and searchable database of ad-hoc norm...
- Government details procedure for watermelon seeds importsThe DGFT laid out a procedure for imports up to October 31, 2023 and has invited fresh applications for licenses for the imports till June ...
- Special window may allow import of 140 mt gold from UAE at lower dutyOfficials said there is no revenue loss on account of imports under the quota system after changes were made to the eligibility norms that ...
- Govt will take strict action against wheat exporters who submit back-dated documents: Piyush GoyalThe commerce ministry has tightened the norms for obtaining registration certificates for wheat exports with a view to curbing fraudulent p...
- FIEO asks finance ministry to take a look at 'harsh' provision in Budget for exportersA sub-section is proposed to be inserted in Section 113, which states that goods would be liable for confiscation if products entered for e...
- need2know: Morning update on six macro cues that may matter to youAutomobile companies and consumer durable manufacturers are banking on RBI's 'festive gift' of 0.25% cut in policy rate to lift consumer se...
- Government rejects Haldia Petro's plea of custom duty relaxationHPL had obtained advance license for importing naphtha at zero duty, for which the company was supposed to meet export obligation norms.
- Steel, steel item imports may go up on easing rulesThe move may benefit auto and consumer durables makers, who use higher amounts of flat steel products that are imported into the country.
- Steel import norms eased to push infrastructure developmentSeeking to push infrastructure development, the government today relaxed the norms for import of steel and its products.
- Commerce ministry relaxes sugar export norms: ReportMinistry has liberalised export norms for sugar after the new rules it announced on Monday raised a storm of protest within the sugar indus...
- Govt tightens Deemed Export benefit scheme, to save Rs 1800 crAfter detecting several cases of misuse of incentives, the Commerce Ministry has tightened the norms governing the Deemed Export benefit sc...
- Govt may ban import of e-wasteA decision is likely to be taken at the Economic Intelligence Council meeting scheduled for this month to be chaired by finance minister Pr...
- Wanted: A cohesive foreign trade policyAn overhaul of the duty neutralisation schemes for exporters to capture local levies may be deferred till the GST regime is in place. In th...
- Pulses exports may touch 3.5 lakh tonnesTraders have taken advantage of the steep increase in international prices of pulses.
- Sweet harvest for sugarcane farmersIt’s been one sweet return on the farm front for the country’s sugarcane farmers in the 2005-06 season.
- End of ‘Made in India’ leaves many bleedingTHE FRIENDLY disposition of Exim Policy 2002 to exports has yielded much goodwill for Commerce Minister Murasoli Maran and DGFT L N Lakhanp...
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