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STEELIMPORTS:Govt may not extend MIP on steel products beyond Oct 4

New Delhi:Government is unlikely to further extend the minimum import price (MIP) on certain steel products beyond October 4 as these items could be covered under anti-dumping duty, an official today said.

Power Series Conclave on 'Make in India' organised by The Dollar Business on Aug 24

Keeping the ‘Make in India’ initiative in the backdrop, The Dollar Business has organised the Power Series Conclave 2016-17 on “Make in India and Make for the World” on August 24.

Customs clearances to get paperless from 2017

Customs clearances to get paperless from 2017

Imports will become easier from the next year as the CBEC is planning to go paperless and move towards a completely integrated Customs system for facilitating documentation and fast-tracking clearances of consignments.

Govt slaps 20% export duty on sugar to check prices

Govt slaps 20% export duty on sugar to check prices

Government Thursday imposed 20 percent customs duty on sugar exports to boost domestic supply and check prices which are ruling high at Rs 40/kg.

Government eases norm for availing export benefits under MEIS

Exporters have been relieved from submitting the landing certificate of goods to avail benefits under the Merchandise Exports India Scheme (MEIS), a move aimed at facilitating ease of doing business.

17 out of 30 sectors in negative zone in March in terms of exports

17 out of 30 sectors in negative zone in March in terms of exports

Exports of over half of the 30 sectors closely monitored by the Commerce Ministry were in the negative zone in March due to a fall in global commodity prices amid tepid demand.

India's exports unlikely to improve in a hurry, says DBS

India's exports unlikely to improve in a hurry, says DBS

India's exports shrank 16 percent in 2015-16, and going ahead, it is unlikely to improve in a hurry due to its close correlation with global imports, a DBS report says.

Govt to take steps to expedite clearances for exports, imports

Concerned over procedural delays in exports and imports, the government has decided to initiate a joint exercise by officials from the ministries of finance and shipping for expediting the clearance process.

65 lakh tonnes pulses need to be imported this year: Paswan

65 lakh tonnes pulses need to be imported this year: Paswan

India needs to import 65 lakh tonnes of pulses this year to meet the domestic shortfall, Food Minister Ram Vilas Paswan said today and assured that the government will not allow prices to rise in any circumstances.

China February exports down 25.4%, worst fall since May 2009

China February exports down 25.4%, worst fall since May 2009

Exports fell 25.4 percent from a year earlier, twice as much as markets had feared as demand skidded in all of China`s major markets, while imports slumped 13.8 percent, the 16th straight month of decline.

Gold imports up 85% to nearly $3 billion in January

Gold imports up 85% to nearly $3 billion in January

Driven by dip in global prices, India's gold imports increased by 85.16 percent to USD 2.91 billion last month.

Exports shrink for 14th straight month, down 13.6% in January to $21 bn

Exports shrink for 14th straight month, down 13.6% in January to $21 bn

India's exports contracted 13.6 percent in January - 14th month in a row - to USD 21 billion due to a steep fall in shipment of petroleum products and engineering goods amid tepid global demand.

China exports, imports slump in January: Customs

China exports, imports slump in January: Customs

Chinese trade slumped in January, authorities said today, as both exports and imports tumbled with feeble domestic and global demand dragging on the world's second-largest economy.

Exports contract for 13th consecutive month; dips 15% in December

Exports contract for 13th consecutive month; dips 15% in December

India's exports contracted for the 13th month in a row, dipping about 15 percent in December to USD 22.2 billion due to steep decline in engineering and petroleum shipments.

Foreign e-tailers to rake in Rs 54,700 cr from local shoppers

Despite government's attempt to curtail imports of consumer items, shoppers are likely to buy Rs 54,700 crore worth foreign goods from overseas e-tailers this year, a report said Thursday.

Exports shrink for 11th month in a row, down 17.33% in Oct to $21.35 billion

Exports shrink for 11th month in a row, down 17.33% in Oct to $21.35 billion

For the 11th month in a row, India's merchandise exports dipped in the month of October by 17.33 percent to USD 21.35 billion mainly due to weak global demands.

E-commerce: RBI allows banks to use e-payments for imports

E-commerce: RBI allows banks to use e-payments for imports

In order to facilitate e-commerce, RBI Thursday permitted banks to enter into pacts with Online Payment Gateway Service Providers (OPGSPs) for import payments.

Gold imports jump 140% to $4.95 bn in August

Gold imports jump 140% to $4.95 bn in August

Gold imports more than doubled to USD 4.95 billion in August, driven by dip in global prices and higher domestic demand in view of forthcoming festival season.

Govt to import additional 5,000 tons of pulses to control prices

Govt to import additional 5,000 tons of pulses to control prices

Under pressure to rein in retail prices of pulses that have shot up to Rs 155 per kg, the government today decided to import additional 5,000 tonnes of tur dal to boost domestic availability.

India mulls safeguard duty on steel imports

The government is likely to soon impose safeguard duty on imports of certain types of steel as it has found prima-facie evidence that surge in imports is hurting domestic producers.