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Latest Articles in commerce ministry
Commerce Ministry Suggests Anti-dumping Duties On Imported Optical Fibre from China, Korea, Indonesia
The product is mostly used for access network, long-distance, and high-data rate transportation
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Indian Exports Exceed Expectations, Providing Boost To Economy: Joint Secry, Commerce Ministry
Commerce Ministry has set a target of USD 1 trillion for both merchandise exports and services exports by 2030 in the short term
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Services Exports Likely To Cross $300 Bn Target For Current Fiscal Year: Piyush Goyal
Goyal said that export services are marking healthy growth on the merchandise front too, despite the world seeing recession, overstocking of multiple commodities and enormous inflationary pressure
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Commerce Ministry Seeks Cut In Gold Import Duty To Escalate Gold Exports
In order to deal with the country’s current account deficit and rising import of gold, GoI increased gold import duty by 15 per cent
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DESH Bill: Finance Ministry Denies Tax Benefits To SEZ
The finance ministry has also expressed its reservation on a proposal to integrate the hubs with the domestic market, wherein SEZ, the obligations on export have been mentioned
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GoI Mulls Scrapping Bimonthly Release Of Trade Data: Report
The government plans to release monthly exports and imports data once a month to provide a clearer picture of the country’s trade numbers
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New Law For SEZs: Commerce Ministry Proposes Several Incentives
After collating the feedback, the ministry would seek approval of the Cabinet and then introduce the new bill in Parliament
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New Law For SEZs: Commerce Ministry Proposes Host Of Incentives
The commerce ministry is proposing a host of direct and indirect incentives such as deferral of import duties and exemption from export taxes to revamp Special Economic Zones through a new legislation, an official said
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Commerce Ministry Recommends Anti-dumping Duty On Chinese Cutting Tool
The directorate in its findings has concluded the item is being imported from China into India in significant quantities in both absolute and relative terms
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Comm Min To Impose Anti-dumping Duty On Imported High-quality Glass From Bangladesh, Thailand
Directorate General of Trade Remedies (DGTR) has recommended the duty on imports of 'clear float glass' from these two countries after concluding in its probe that the product has been exported at dumped prices into India, which impacted the domestic industry
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Commerce Ministry Looking To Release New FTP Before September: Official
The commerce ministry is working to release the new five-year foreign trade policy (FTP) before September this year and Districts as Export Hubs scheme would be part of that document, which aims at promoting exports and job creation, an official said
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Commerce Ministry To Extend Foreign Trade Policy For Some More Months
Last year in September, the government extended the Foreign Trade Policy 2015-20 till March 31, 2022, due to the COVID-19 pandemic. The present policy came into force on April 1, 2015
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Aim To Cut Imports, Commerce Ministry Shares List Of Items With Ministries
As part of an exercise to reduce the country's import bill, the ministry has undertaken a detailed analysis of these 102 products for enhancing domestic production opportunities of those items.
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India To Achieve $1Tn Services Export Target By 2030: Goyal
"While services trade remained depressed in other countries, India’s services sector showed immense resilience. Sectors like tourism, hospitality, etc. which suffered due to COVID-19, showing revival signs," Goyal added.
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Commerce Ministry Recommends Continuation Of Anti-Dumping Duty For 5 Years On Certain Steel Imports From China
The recommended duty is the difference between the landed value of the goods and $546 per tonne. If the landed value is more than $546 per tonne, anti-dumping duty will not be applicable
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