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DGFT MONITORING MECHANISM
What does an import restriction mean for silver investments?India’s move to restrict silver imports and raise duties is expected to push up domestic prices by increasing premiums over global benchmar...- 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: Government plans weekly monitoring of EXIM flowsIndia's commerce ministry will launch a weekly system to monitor export-import trends and industry stress. This move addresses concerns ove...
- Several measures announced to cushion exporters from Gulf conflict impact: DGFTIndia is taking steps to help exporters facing challenges due to the Gulf conflict. Key sectors like gems, jewellery, rice, and pharma are ...
- Govt extends RoDTEP benefits for exporters till September 30Indian exporters receive a six-month extension for RoDTEP scheme benefits until September 30. This move aims to counter trade disruptions f...
- India sets up crisis squad to monitor West Asia conflict daily: Piyush GoyalIndia has formed a special group to watch the West Asia situation daily. This group will check how the crisis affects shipping and trade. I...
- Govt may give 2.5-3 pc subsidy benefits under Interest Equalisation Scheme for exportersThe government is set to offer exporters in specific sectors a 2.5-3% subsidy on pre- and post-shipment credit through the Interest Equalis...
- CAG highlights misuse risk in capital goods export scheme systemThe Comptroller and Auditor General (CAG) has criticized the ineffectiveness of the Denied Entity List (DEL) mechanism under the Export Pro...
- Govt does away with compulsory registration to import electronic integrated circuitsIndia has ended the requirement for compulsory registration to import electronic integrated circuits like processors, memories, and amplifi...
- Compliance plays a big part in helping Indian MSMEs grow exportsWhile challenges persist, the compliance levels of Indian MSMEs in terms of export have been gradually improving, say experts.
- India's import curbs on laptops, tablets likely called offThe Indian government has reportedly decided to cancel plans to impose licensing requirements on the import of IT hardware products such as...
- IT hardware companies may be told to register for imports in FY24The Indian government is considering implementing a registration mechanism for IT hardware imports for the current fiscal year, with no quo...
- Dealing with EU's carbon tax is high on the agenda: DGFTSarangi said that the European Union is not expected to defer CBAM's introduction and monitoring mechanism may kick in from October 2023.
- 'Teething troubles' hold up exporters tax benefits under RoDTEP scheme: Commerce secretary“The entire roadmap is clear and benefits will be available from January 1, 2021...it is just a matter of a few weeks’ teething issues. The...
- Import of all iron, steel items need compulsory registration now under SIMS: GovernmentThe restrictions were imposed on all products under chapter 72 (iron and steel), chapter 73 (articles of iron and steel) and chapter 86 (ra...
- Export obligation period for rubber importers reducedThe United Planters Association of Southern India (UPASI) said that the government's decision would help stabilise sagging domestic prices.
- ED signs MoU with DGFT for sharing forex realisation dataForeign exchange realisation data, also called as eBRC, is a significant step in reducing the transaction cost of exporters.
- 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...
- EDI system for collective import, export dataWith taxes on all fronts coming down progressively, the scope of benefiting Indian exporters and importers through refunds on and exemption...
- New export policy rider to curb grain outflowThe Union food ministry has stipulated caveats in the new private sector subsidy-based export policy to ensure that India does not suffer f...
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