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New Delhi [India], April 2 (ANI): The government has allowed manufacturing units operating in Special Economic Zones (SEZs) to undertake domestic sales under a time-bound framework. Sources in the government says the notification a key budget announcement was announced to give relief to domestic industry. According to the sources, the scheme is linked to the percentage of export turnover and also factors in the date of commencement of manufacturing activity within SEZs. It has been designed as ...Read More >
New Delhi: The government has marginally exceeded its indirect tax collection target for 2025-26, buoyed by steady inflows from customs, excise and GST, even as collections from a key cess on pan masala fell short of expectations, an official said on Thursday. As per Revised Estimates (RE), total indirect tax collections -- comprising customs duty, excise duty and Central Goods and Services Tax (CGST) -- were pegged at over Rs 15.52 lakh crore for FY26. This included Rs 2.58 lakh crore from cus ...Read More >
These restrictions will operate irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment, the Directorate General of Foreign Trade (DGFT) said in a notification. The government on Wednesday announced curbs on imports of gold, platinum and silver jewellery with immediate effect, a move aimed at checking misuse of free trade agreements (FTAs). These restrictions will operate irrespective of any prior contract, irrevocable letter ...Read More >
New Delhi: In a relief to exporters, India has announced a one-time relief measure for units in special economic zones (SEZ), allowing them to sell goods in domestic markets at a lower customs duty for one year, and extended fiscal benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) by six months, until September 30, amid the conflict in West Asia. The government is working on a broader framework on harmonisation of various export promotion schemes with a key focus on ...Read More >
New Delhi: The US has listed India's preference for use of domestic satellites for direct-to-home (DTH) television services, the inability of American electronic payment services suppliers to participate in the UPI ecosystem, localised shutdown of internet and data localisation requirements as barriers to foreign trade. In its 2026 National Trade Estimate Report on Foreign Trade Barriers, the US Trade Representative (USTR) also cited high tariffs, particularly on agriculture products, surcharge ...Read More >
Deendayal Port Authority Kandla conducted a Triple Banking Ship-to-Ship (STS) operation, which is the first-ever at a strong tidal port Deendayal Port Authority, Kandla, on Monday announced that it has surpassed its Financial Year 2025-26 cargo handling target of 158.60 million tonnes, marking a significant milestone in India's maritime trade landscape. The port authority, one of the country's busiest major ports, said the achievement underscores a "mission accomplished" as it gears up to set ...Read More >
New Delhi [India], April 1 (ANI): The government's decision to allow Special Economic Zones (SEZs) units to sell in the domestic market has triggered concern among local manufacturers, who fear cheaper SEZ goods could undercut them at home. Finance Ministry sources, however, told ANI that the relief measure comes with a robust three-pillar safeguard framework -- designed specifically to ensure the domestic industry is not disadvantaged. SEZ units already enjoy significant structural advantages ...Read More >
New Delhi, Apr 1 (PTI) The government has announced limited duty concessions to special economic zones (SEZs) for one year to help manufacturing units of these enclaves, hit by weak global demand, sell their goods in the domestic market. The measure takes effect from April 1 and will remain valid until March 31, 2027. As per the notification of the department of revenue, goods made in SEZs and sold in the domestic market will face slightly lower Basic Customs Duty (BCD), and in some cases redu ...Read More >
New Delhi, [India], April 1 (ANI): India's gross GST collections rose to Rs 2,00,064 crore in March 2026, marking an 8.8 per cent increase compared to Rs 1,83,845 crore in March 2025, according to the data released by the finance ministry. On a year-on-year (YoY) basis, the total gross GST revenue for FY26 stood at Rs 22.27 lakh crore, up 8.3 per cent from Rs 20.55 lakh crore in FY25, indicating sustained momentum in tax collections. Also Read | Indian Uber Eats Driver Jitendrakumar Prajapati ...Read More >
New Delhi, Apr 1 (PTI) The government has announced a one-time special relief measure in the form of certain duty benefits for special economic zones (SEZs), a move which would provide support to units in these enclaves amid global uncertainties. However, the exemption will be available only if the unit in the SEZ had commenced production of goods on or before March 31, 2025, the department of revenue has said in a notification dated March 31. They also have to prove that the goods in respect ...Read More >
Kachchh (Gujarat) [India], April 1 (ANI): Deendayal Port Authority (DPA) at Kandla on Tuesday set a new milestone in renewable energy logistics by handling the highest-ever cargo volume of wind turbine blades in a single shipment. A total of 153 wind turbine blades, amounting to 1,67,675 cubic meters (CBM), arrived at the port aboard the MV KANG QI FU HUA, marking a significant achievement in the port's contribution to India's green energy infrastructure. Also Read | Silver Rate Today, April 0 ...Read More >
Kachchh (Gujarat) [India], April 1 (ANI): Deendayal Port Authority (DPA) at Kandla on Tuesday set a new milestone in renewable energy logistics by handling the highest-ever cargo volume of wind turbine blades in a single shipment. A total of 153 wind turbine blades, amounting to 1,67,675 cubic meters (CBM), arrived at the port aboard the MV KANG QI FU HUA, marking a significant achievement in the port's contribution to India's green energy infrastructure. In a post on X, Deendayal Port Authori ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. About 97% of the machines used to mine Bitcoin currently come from companies based in China. This heavy reliance on foreign technology has created a bottleneck at American ports and raised alarms about the long-term security of the network. To fix this, US Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act. The bill aims to move the production of special ...Read More >
The Himachal Pradesh Vidhan Sabha on Tuesday adopted a resolution moved by Congress MLA and AICC spokesperson Kuldeep Singh Rathore under a private member's Bill, raising serious concerns on the impact on the Himachal-based apple growers over the proposed Free Trade Agreements (FTA) of India with the US, European Union (EU), and New Zealand. Moving the resolution, Rathore said the issue was not merely related to trade policy but directly affected the livelihoods of over 1.5 lakh apple-growing f ...Read More >
New Delhi: India has removed the ₹10 lakh cap on export by courier firms and enabled the return of uncleared parcels to senders from 1 April, easing shipment constraints and improving turnaround times, the Central Board of Indirect Taxes and Customs (CBIC) said on Tuesday. The changes that were first announced in the FY27 Union budget are part of reforms to strengthen and streamline e-commerce exports and the broader courier-based cross-border trades, the CBIC said. These changes aim to boost ...Read More >
Shimla (Himachal Pradesh) [India], March 31 (ANI): Congress MLA and spokesperson Kuldeep Singh Rathore said that the proposed Bilateral Trade Agreement with the United States, being projected as a diplomatic success, could prove "devastating" for domestic apple growers who operate on small landholdings of one to two acres, compared to large-scale orchards of nearly 100 acres in the US. Calling it a case of "structural inequality," Rathore underlined stark differences in productivity and state s ...Read More >
Shimla (Himachal Pradesh) [India], March 31 (ANI): Raising serious concerns over the impact of proposed Free Trade Agreements (FTAs) with countries including the United States, European Union and New Zealand, Congress MLA and AICC spokesperson Kuldeep Singh Rathore on Monday moved a resolution in the Himachal Pradesh Vidhan Sabha recommending that the government formulate a comprehensive policy to protect the state's apple and fruit growers. The resolution, introduced on the 14th day of the ong ...Read More >
Hyderabad: The Directorate of Revenue Intelligence Hyderabad Zonal Unit, along with customs officials, on Tuesday, March 31, caught two passengers at the Rajiv Gandhi International Airport and seized 25.45 kg of hydroponic ganja valued at Rs 8.9 crore from them. The drugs were found in the luggage of two passengers coming from Bangkok. The two have been arrested under the provisions of the Narcotic Drugs and Psychotropic Substances Act, 1985. ...Read More >
If SEZ exports remain exempt, Reliance's refining margins would be largely insulated from the new levies, preserving the competitiveness of its export-oriented operations, it said New Delhi: The applicability of newly reimposed export windfall taxes on shipments of diesel and ATF from Reliance Industries' SEZ refinery remains the key uncertainty, following India's fuel duty overhaul, with significant implications for refining margins and government revenues, according to analysts. Under the re ...Read More >
Pune: Customs officials seized hydroponic marijuana worth approximately ₹26.80 crore at the Pune International Airport's air cargo complex, officials said on Sunday. The seizure was made on March 26 after suspicious contents were detected during scanning of a shipment declared as food items of Chinese origin. One person has been arrested following the incident. According to officials, the consignment had arrived from Thailand and was declared as "Mandarin orange sacs." The goods were packed in ...Read More >
Chennai: The WTO's 14th Ministerial Conference (MC14) held in Cameroon ended without agreement on key issues, including e-commerce moratorium and expiry of safeguards against non-violation complaints against intellectual property policies. MC14 was one of the most inconclusive ministerial conferences in recent years. Despite WTO remaining ineffective in mitigating trade uncertainties, India to build coalitions to defend consensus-based decision-making at WTO, which is under threat due to growing ...Read More >
Mumbai: A 29-year-old woman from Thane's Mumbra was cheated of Rs 6.75 lakh by a man posing as an NRI on a matrimonial site and an unknown woman who helped him. An FIR has been registered against the man and an unidentified woman who is believed to have assisted in the fraud. Here's What Happened The fraud reportedly took place between January and March 2026. According to a Hindustan Times report, the woman connected with the accused, identified as Adnan Ahmed, on a matrimonial site. The man c ...Read More >
Mumbai, Feb 24 (PTI) The Customs Department seized hydroponic weed of more than Rs 23 crore from three passengers who arrived at the Mumbai airport from Bangkok, officials said on Tuesday. Acting on spot checks and Advance Passenger Information System profiling, the customs officials booked three cases. A total of 23.593 kilograms of hydroponic weed, valued at approximately Rs 23.593 crore in the illicit market, was recovered from three passengers. They were arrested under provisions of the Na ...Read More >
India and the Gulf Cooperation Council (GCC) signed a joint statement on Tuesday, formally launching negotiations for a comprehensive Free Trade Agreement. The agreement was signed by Commerce Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Al Budaiwi. India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by In ...Read More >
New Delhi [India], February 24 (ANI): India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by India's Union Minister of Commerce and Industry, Piyush Goyal, and Secretary General of the Gulf Cooperation Council, Jasem Mohamed Al Budaiwi. Also Read | Maharashtra NMMS Result 2026 Out at mscenmms.in and mscepune.in: MSCE Pune ...Read More >
New Delhi [India], February 24 (ANI): India and Gulf Cooperation Council (GCC) on Tuesday signed the joint statement on Free Trade Agreement (FTA) formally launching negotiations for a comprehensive and mutually beneficial agreement. The joint statement was signed by India's Union Minister of Commerce and Industry, Piyush Goyal, and Secretary General of the Gulf Cooperation Council, Jasem Mohamed Al Budaiwi. Taking it to social media platform X, Goyal said, "Delighted to welcome H.E. Jasem Moh ...Read More >
After a gap of six years, the Indo-China border trade via Shipki La - a strategic pass near the Line of Actual Control (LAC) -- will re-commence from June 2026 as the state government has received political clearance from the ministry of external affairs (MEA). Notably, both countries had agreed for the same through a few points in August this year. Now, the Kinnaur district administration has initiated preparatory measures for the same. A review meeting of departments concerned and key stakeho ...Read More >
AMMAN -- Jordan and India issued a joint statement on Tuesday at the conclusion of India Prime Minister Narendra Modi's visit to Jordan. Following is the full text of the statement: "Joint Statement on the Visit of Hon'ble Prime Minister of the Republic of India, Shri Narendra Modi to the Hashemite Kingdom of Jordan December 15-16, 2025 1. At the invitation of His Majesty King Abdullah II ibn Al Hussein of the Hashemite Kingdom of Jordan, Hon'ble Prime Minister of the Republic of India, Shri ...Read More >
Hyderabad: Telangana chief minister A Revanth Reddy, while reviewing the Medaram development works on Monday, December 1, instructed officials to maintain quality standards and strictly adhere to the deadline. Situated in the Mulugu district of Telangana, Medaram is believed to be the abode of goddesses Sammakka and Saralamma. The tribal festival, Sammakka Saralamma Jathara or Medaram Jathara, honouring the goddesses, takes place every two years in the village. Medaram Jathara attracts the lar ...Read More >
MUMBAI, Oct 31 -- Indian customs officers have arrested a plane passenger after discovering two endangered gibbons stuffed inside a checked bag, the latest animals seized from smugglers at Mumbai's airport. One of the tiny apes from Indonesia was dead, while the other, in a video shared by Indian Customs, was seen cradled in the arms of an officer, softly hooting before covering its face with its arm. Customs said the passenger, who had travelled from Malaysia via Thailand, was given the rare ...Read More >
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