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Ludhiana, Apr 9 (PTI) The country's merchandise exports are expected to register a fall of 2-3 per cent in 2025-26 due to global economic uncertainties, aggravated by the West Asia crisis, according to FIEO. Federation of Indian Export Organisations (FIEO) President S C Ralhan said that the crisis may have led to a decline in shipments by 7-8 per cent in March. The joint attack launched by the US and Israel on Iran on February 28 severely disrupted the country's exports to West Asia, pushed up ...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, Apr 1 (PTI) The government has extended fiscal benefits under the RoDTEP scheme for exporters by six months, until September 30, amid disruptions to global trade caused by the ongoing West Asia crisis. The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in 2021, provides for a refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods, and not being reimbursed under any other mechanism at th ...Read More >
India has granted the gems and jewellery sector a further 30 days to meet specified obligations, aiming to ease compliance as the West Asia crisis disrupts air and sea consignments. The Directorate General of Foreign Trade said the extension applies to certain categories under HBP-2023 Chapter 4, without fees or applications, supporting exporters amid shipment delays. The Centre has given the gems and jewellery sector an extra 30 days. The extension covers several export and import obligations. ...Read More >
New Delhi: The government on Monday halved the benefits given to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. In a notification, the Directorate General of Foreign Trade said that "RoDTEP benefits shall be restricted to 50% of the notified rates and value caps with immediate effect", prompting exporters to urge the government to review the decision amid slowing demand and heightened uncertainty. "With immediate effect, the applicable RoDTEP rates for ...Read More >
New Delhi: The government on Monday halved the benefits given to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. In a notification, the Directorate General of Foreign Trade said that "RoDTEP benefits shall be restricted to 50% of the notified rates and value caps with immediate effect", prompting exporters to urge the government to review the decision amid slowing demand and heightened uncertainty. "With immediate effect, the applicable RoDTEP rates for ...Read More >
The agency said that they have arrested a key person in the case and questioned him to get leads on others involved in the illegal import of Chinese-origin fireworks into India. The Directorate of Revenue Intelligence (DRI) intercepted a 40 feet container at Nhava Sheva port in Navi Mumbai on Sunday and seized Chinese-origin firecrackers and fireworks worth Rs 4.82 crore. The agency said that they have arrested a key person in the case and questioned him to get leads on others involved in the ...Read More >
New Delhi: The government on Tuesday extended a key export support measure-the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme-by six months till March 2026, providing relief to exporters facing strain due to higher US tariffs. The scheme was to end on September 30. The US is a key market for Indian exports. The Directorate General of Foreign Trade (DGFT), in a notification, said advance authorisation holders, export-oriented units and entities in special economic zones will ...Read More >
New Delhi [India], September 29 (ANI): The Directorate General of Foreign Trade (DGFT), Regional Authority Delhi, under the Ministry of Commerce & Industry, hosted an outreach programme on the recently concluded India-UK Comprehensive Economic and Trade Agreement (CETA) at Bharat Mandapam, New Delhi. According to a press release, the event brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to discuss the transforma ...Read More >
New Delhi [India], September 29 (ANI): The Directorate General of Foreign Trade (DGFT), Regional Authority Delhi, under the Ministry of Commerce & Industry, hosted an outreach programme on the recently concluded India-UK Comprehensive Economic and Trade Agreement (CETA) at Bharat Mandapam, New Delhi. According to a press release, the event brought together senior government officials, diplomats, Export Promotion Councils (EPCs), industry leaders, and trade associations to discuss the transforma ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) The Directorate General of Foreign Trade (DGFT), an authority under the Ministry of Commerce and Industry, on Monday hosted an outreach programme on the recently concluded India-UK comprehensive economic and trade agreement (CETA). Chairing the programme at Bharat Mandapam here, Ajay Bhadoo, director general of foreign trade and additional secretary in the Ministry of Commerce and Industry, underlined the strategic significance of CETA in expanding India's foo ...Read More >
"He was earlier apprehended by the Central Bureau of Investigation in connection with another fraud case and is currently in judicial custody. "The case was initially registered in January 2017 based on a complaint from a private bank," Deputy Commissioner of Police (Economic Offences Wing) Vikram K. Porwal said in a statement. The bank had alleged that 467 fake Foreign Inward Remittance Certificates (FIRCs) were submitted by 18 account holders - belonging to 17 different firms - at its Narain ...Read More >
New Delhi: The National eGovernance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY) has developed Entity Locker, a cutting-edge digital platform designed to transform the management and verification of business/organisation documents. Entity Locker is a secure, cloud-based solution that simplifies the storage, sharing, and verification of documents for a wide range of entities, including large organisations, corporations, micro, small, and medium Enterprise ...Read More >
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