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EXPORT DUTY CHANGES INDIA
Share of services in exports rises to 48.8% in FY26India's services exports have seen significant growth. The services sector now accounts for nearly half of the country's total exports. Thi...- From Oman to Tanzania: How the Iran war is redrawing India’s trade mapIndia's trade is changing due to West Asia conflict. Oman is now a major import partner, especially for energy. Russia and the US are also ...
- India, Sri Lanka collaborate to strengthen trade interactions through local currency settlement initiativesIndia and Sri Lanka are exploring ways to settle trade using their own currencies. This move aims to cut transaction costs and shield busin...
- India’s gold hunger stays unshaken as higher duties fail to close the import floodgatesIndia's insatiable thirst for gold remains resilient even in the face of increased import duties. Prior to the tax increase, there was a no...
- 12 years of govt: Share of services sector in total exports jumps to 49% in FY26India's services exports saw a substantial rise, increasing their share in total exports. This growth was fueled by the IT sector and digit...
- Engineering exporters navigate challenging period: EEPCCumulative exports for April-May also saw a significant 16.8% rise. This resilience highlights the sector's adaptability and the impact of ...
- Exports rise 18% to 6-month high in May; trade deficit widensIndia's merchandise exports reached a record $45.2 billion in May. Imports also grew, leading to a trade deficit of $28.21 billion. Commerc...
- India hikes diesel, ATF export levies from June 16India has increased the windfall tax on diesel and aviation fuel exports. The special additional excise duty on diesel exports will now be ...
- India's exports to US remain flat in May, imports rise 54.43%India's trade with the US saw exports remain steady in May, but imports climbed significantly. Trade with China experienced a notable surge...
- West Asia peace deal seen boosting India's textile exportsIndia's textile exports are set for a boost following the end of the West Asia conflict. European orders are expected to rise, improving pr...
- Free trade pacts to boost furniture exports, domestic manufacturing: IndustryIndia's furniture sector is set for a major boost. New free trade agreements will open up export markets and encourage investment. Domestic...
- India has achieved self-sufficiency in food production: CTCRI directorIndia is now a global leader in agriculture, achieving food self-sufficiency. Foodgrain production has significantly increased, and agri ex...
- Call to extend duty cuts on critical inputs soonIndia is set to decide on extending customs duty relief for critical raw material imports beyond June 30. An inter-ministerial panel will r...
- India waives excise duty on petrol with higher ethanolIndia's government is giving consumers a break by waiving excise duty on petrol. This move is tied to the increased use of ethanol blended ...
- India-Oman CEPA sparks first duty-free gold jewellery shipment from KolkataThe first shipment of gold jewellery from Kolkata to Oman under the India-Oman CEPA was dispatched by Wonder Jewels, marking the start of d...
- Govt extends anti-dumping duty on aluminium foil imported from China & 3 other nations till DecemberIndia has extended anti-dumping duties on aluminium foil imports. The measure will remain in effect until December 15, 2026. This decision ...
- India-Oman trade pact to open huge export opportunities for labour-intensive sectors: ExpertsIndia and Oman's new trade pact unlocks significant export potential for sectors like textiles, gems, and marine products. This agreement a...
- India's biggest trade bet comes with six red flagsIndia may be adding more trade partners, but its latest FTA report card comes with several red marks. A new study by the Global Trade Resea...
- India-Oman CEPA kicks in June 1: What gets cheaper, which sectors gain, and key benefits explainedIndia's Comprehensive Economic Partnership Agreement with Oman comes into effect on June 1, granting New Delhi 100% duty-free access for 98...
- India cuts export duties on petrol, diesel and aviation turbine fuelIndia will reduce its export duties on petrol, diesel, and aviation turbine fuel (ATF) starting June 1. The new rates are 1.5 rupees per li...
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