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HS CODES HARMONIZATION
Govt, industry brainstorms on ways to achieve $150 bn exports target for electronicsDeliberations were held with industry stakeholders on achieving the USD 150 billion electronics exports target. India's policy framework mu...- MeitY plans trade code revamp for semiconductorSays current list of HSN codes for input goods in semiconductor value chain is outdated
- Your next Amazon, eBay parcel might come with hefty custom bill in US: What online shoppers must knowFor nearly a century, low-value packages of goods from abroad have entered the United States duty free, thanks to what’s known as the “de m...
- DGFT notification on precious metal trade ensures consistency between customs duties and import regulations: GTRIThe DGFT has issued a notification aligning import regulations with the Union Budget 2025, targeting precious metals. This aims to eliminat...
- Compliance-first strategy key for Indian MSMEs to effectively navigate Trump’s tariffs: Avalara’s Dulles KrishnanIndian businesses, especially MSMEs, need to proactively conduct compliance audits, seek expert counsel and invest in tax automation tools ...
- Budget puts a check on illegal gold imports being done using UAE trade deal loopholeThe Union Budget introduced a separate HS code for platinum alloys to address illegal gold imports under the CEPA with UAE. This measure ai...
- GJEPC seeks government support to promote diamond exports and protect jobsThe Gem & Jewellery Export Promotion Council (GJEPC) is seeking government support to promote natural diamonds in international markets to ...
- Commerce ministry may face possible repeat of 2011 trade data errorIndia's November 2024 gold import figures, showing a record high of $14.86 billion and a quadrupled increase, are under scrutiny by the com...
- EU moving towards paperless customs system from June; Indian exporters must prepare to complyThe European Union (EU) is transitioning to a paperless customs process, implementing the second phase of its Import Control System (ICS) f...
- Ragi to riches: India’s new millet campaign is about how the grain is good for people and planetMillet is no longer promoted as mota anaj; instead, it will be called shree anna or nutri cereal, a superfood high in iron and calcium. The...
- Raise GST exemption threshold to Rs 1.5 cr, do away with state-wise registration of biz: GTRIThe reduced load-on system will allow the GSTN to introduce an invoice-matching concept, resulting in 100 per cent compliance and solving t...
- HS 2022- How the change may affect trade, GST and its impact on the upcoming budgetHSN 2022 has been prepared to clarify several high-profile product streams to recognise the change in trade patterns.
- Supreme Court agrees to list for hearing PIL alleging duty evasion in exporting iron ore as pelletsA bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli took note of the submissions of a lawyer who has filed ...
- Commerce department for RoDTEP budget hike to Rs 20,000 crore“This risks RoDTEP scheme being dragged to the World-Trade Organisation (WTO) ab-initio,” the department wrote in its recommendations to th...
- SC seeks reply from Centre, 61 firms on PIL alleging duty evasion in iron ore exports to ChinaA bench headed by Chief Justice S A Bobde took note of the submissions of lawyer and PIL petitioner M L Sharma that the companies be prosec...
- Key ministries, BIS move to rein in surging importsThe PMO has set up a committee of secretaries, which has been given six months to differentiate between imports necessary for domestic indu...
- Product innovation: 4 factors to drive growth for Indian apparel exportsProduct innovation, rather than process innovation may be a great start for small enterprises setting their first footstep into garment exp...
- Diamond retailers may be mixing synthetic and real stonesIt's a suspicion that has deepened over the years, sparking a highstake battle over hundreds of millions of dollars in the secretive world ...
- Government planning new gauge to track industrial production and export growth every monthThe IIP, which measures factory output growth, and export growth numbers over the past few months have shown a huge divergence.
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