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#China asks for duty-free #import of 85% of its products into #India. According to a report in Times of India, #India offers lower concessions to China as compared to other countries where over 90% of imports can come duty-free.
#Pakistan shifts away from #Indian goods #import #According to data from BP’s #Statistical Review of #World Energy 2018, Pakistan consumed approximately 589,000 barrels of oil (bpd) per day, with growth rate per annum of 4.8% between 2006 and 2016.
#Exports to #Pak via #rail stuck. The strained India-Pakistan relations post-#Pulwama attack has affected the #exports of goods such as chemicals, dyes, agricultural machinery and yarn from India to Pakistan through Amritsar rail route.
#Increasing #exports can lead to better #jobs, higher wages in #India: #World Bank-ILO report
#Corn #imports may touch 1 million tonnes. “#India is expected to buy anything between 500,000 tonnes and 1 million tonnes as a local crop is lower,” said one of the traders, on the sidelines of a grain industry conference in Singapore.
#GST collections cross Rs 1 lakh #crore in #January: #Finance #Ministry This has been a significant improvement over collection of Rs 94,725 crore during last month and Rs 89,825 crore during the same month last year. Final figures and details of collections for the entire month.
#High #import duty restraining #India's potential in fine #wine market: experts #India is a large market for #global #winemakers but the high import duty is playing a spoilsport, according to #Philip Staveley, head of research at Amphora Portfolio Management
#Palm #oil #import lobby raises spurious ‘#MakeinIndia’ bogey The #government last month announced the duty reduction in deference to an old agreement with #Malaysia signed in 2012 that envisaged such a duty reduction in 2019.
#China's ore demand lifts #export #index 4.4% The price index of Australian metal ore and metal scrap exports rose 9.0 percent in the three months since September, and 17.8 percent for the year to date, according to data released on Thursday by the Australian Bureau of Statistics
#State will resolve #GST related issues: #Pant The State Finance Minister Prakash Pant exhorted members of the business fraternity to communicate in writing, any problems they are facing regarding the Goods and Service Tax (GST).
#Aluminium #imports rise 24% on #China, #US sanctions #Imports rose 24% during #April-October 2018 from a year ago after the United States and China imposed sanctions, but executives said inbound #shipments may increase further and cause more distress to the #domestic industry.
Haven't filed #GST returns for 6 months? New IT system may soon bar you from generating e-way #bill. #Non-filers of GST returns for 6 consecutive months will soon be barred from generating e-way bills for movement of goods.
#Rice #exports via #Kolkata, #Haldia Ports fall 55% in 2 years The State of #WestBengal shipped close to 30,000 containers, around 8.4 lakh tonnes (lt) of rice in 2016-17 through the two ports. However, in 2017-18, it exported 13,000 containers (3.64 lt).
#EEPC seeks relook at #Export strategy to #boost exports #Apex Body EEPC India recent said that there was a need to rethink its export strategy as the marginal growth in overall merchandise exports has become a matter of grave concern.
#Government mulling #import duty hike on #iron ore The Government is considering raising import duty on iron ore, a key raw material used in steelmaking, with a view to protecting the domestic industry, sources said.
#Ministry highlights share of #textile items in exports In 2017-18, India’s overall merchandise exports stood at USD 303.38 billion and textile and attire exports as well as #handicrafts valued at USD thirty-nine
#Cotton Imports to India in current business might grow over 80% Uncertain crop conditions, a stronger rupee, and weak international costs are a number of the factors that are set to push India’s cotton imports for the year 2018-19 to a record in recent years.
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