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New Delhi, Apr 1 (PTI) The government's decision to extend limited duty concessions to manufacturing units in special economic zones (SEZs) for selling goods in the domestic market is a one-time relief measure and not a permanent policy change, finance ministry sources said on Wednesday. The emphasis of these zones is and will continue to remain on exports, they said. The government has provided duty concessions to SEZ manufacturing units for one year till March 2027 for sale of notified goods ...Read More >
New Delhi [India], April 1 (ANI): The credit profile of Indian companies remained resilient in 2025-26 despite a challenging global environment marked by tariff-related disruptions and heightened geopolitical tensions, according to a report by ICRA. The report noted that timely policy interventions by the Government of India, aimed at supporting domestic consumption and sustaining infrastructure investment, helped anchor credit quality and mitigate external headwinds during the year. It stated ...Read More >
Chennai: The government has allowed Special Economic Zone units to sell in the domestic market at lower customs duties for one year, till March 2027. This offers some relief to exporters during disrupted global trade. The one-time concession is available from Wednesday, April 1. The concessions on customs duty include basic customs duty, Agriculture and Infrastructure Development Cess, and health cess. The concession ranges from 1 per cent to 20 per cent. For goods charged 7.5 per cent and 10 ...Read More >
Bhubaneswar: Vedanta Aluminium on Wednesday reaffirmed its long-term commitment to Odisha on the occasion of Utkal Dibas. With planned investments of Rs 1.8 lakh crore in the pipeline and over Rs 1 lakh crore already invested, the company said it has has generated more than 5 lakh employment opportunities to date. Vedanta's Odisha operations including aluminium, power, iron ore, and related businesses, contribute over Rs 9,000 crore annually to the exchequer and account for approximately ~3% of ...Read More >
New Delhi [India], April 1 (ANI): The Central Board of Indirect Taxes and Customs (CBIC) has introduced a one-time relief measure allowing eligible manufacturing units in Special Economic Zones (SEZs) to sell goods in the Domestic Tariff Area (DTA) at concessional customs duty rates, in line with the announcement made in the Union Budget 2026-27. According to an official statement from the Ministry of Finance, the relief measure aims to address concerns faced by SEZ manufacturing units due to o ...Read More >
New Delhi, Apr 1 (PTI) The Confederation of Indian Industry (CII) on Wednesday welcomed the government's decision to extend the RoDTEP Scheme for all eligible export products till September 30, 2026 and the introduction of a one-time concessional framework for Domestic Tariff Area (DTA) sales by units in Special Economic Zones (SEZs). CII Director General Chandrajit Banerjee said, "Amidst ongoing global trade uncertainty, evolving tariff measures, and persistent supply chain disruptions, busine ...Read More >
New Delhi: Indians buying condoms could soon bear the brunt of the ongoing war in the Middle East between US-Israel and Iran. Condom prices are expected to jump as the multi-billion condom manufacturing industry in India is facing supply disruptions and rising costs of raw materials. Prices of ammonia (essential for stabilising latex) and silicone oil (used as lubricant) are likely to increase significantly due to global shortage triggered by the war. India's $1.7 billion contraceptive market ...Read More >
New Delhi: 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, reduced Agricult ...Read More >
India's Goods and Services Tax (GST) collections closed FY2025-26 on a steady note, with March revenues crossing the ₹2 lakh crore mark, underscoring resilient consumption, strong import activity, and improving compliance even amid global economic uncertainty. Official data show gross GST collections for March 2026 at ₹2,00,064 crore (about $24 billion), marking an 8.8% year-on-year increase from ₹1,83,845 crore a year earlier. Net collections for the month rose 8.2% to ₹1,77,990 crore ($21.4 b ...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, April 1 (SocialNews.XYZ) The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday introduced a special one-time relief measure for eligible units in Special Economic Zones (SEZs) to facilitate the sale of manufactured goods to the Domestic Tariff Area (DTA) at concessional rates of duty. The move comes in pursuance of the Union Budget 2026-27 announcement to address the concerns faced by the manufacturing units in the Special Economic Zones (SEZ) due to ongoing global trad ...Read More >
New Delhi, Apr 1 (PTI) Corporate credit profiles remained resilient in 2025-26, with rating upgrades significantly outpacing downgrades, reflecting healthy balance sheets, steady domestic demand, and continued policy support, ICRA said on Wednesday. During FY26, ICRA upgraded 388 entities compared to 124 downgrades, resulting in a strong credit ratio of 3.1 times, a notable improvement from 2 times in FY25 and 2.1 times in FY24. The overall credit quality remained benign, supported by stable o ...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 >
New Delhi: 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 the Centre, st ...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 >
In a response to the persistent geopolitical uncertainties and supply chain disruptions in West Asia, the Reserve Bank of India (RBI) on Tuesday announced the continuation and expansion of key relief measures aimed at supporting exporters struggling to meet payment realisation deadlines. The central bank said it has been receiving multiple representations from stakeholders highlighting difficulties in adhering to prescribed timelines for the realisation of export proceeds. These challenges are ...Read More >
New Delhi: Commerce Minister Piyush Goyal has said that consensus-based decision-making is the bedrock of the WTO's legitimacy, as the discussions related to reforms in the global trading system, electronic commerce, TRIPS non-violation and the package for least developed countries (LDCs) will now continue in Geneva. The minister's statement comes after the conclusion of the 14th Ministerial Conference of the WTO at Yaounde in Cameroon on Monday, where he led the Indian delegation. Goyal empha ...Read More >
These initiatives were announced in the Budget presented in Parliament last month. ShowQuick Read Summary is AI-generated, newsroom-reviewed * CBIC removed the Rs 10 lakh value cap per consignment on courier exports from April 1 * Return to Origin facility introduced for uncleared goods after 15 days at courier terminals * Simplified procedures adopted for re-import of returned or rejected e-commerce export goods Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: The ...Read More >
New Delhi: The government on Tuesday removed the long-standing cap on courier export consignments and introduced a faster return mechanism for cross-border parcels to boost e-commerce shipments and reduce logistics delays. The Central Board of Indirect Taxes and Customs (CBIC) notified amendments to courier import-export rules, scrapping the ₹10-lakh per shipment ceiling with effect from April 1. The change, announced in the 2026-27 budget, removes a restriction that pushed higher-value parcels ...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 >
New Delhi: Commerce Minister Piyush Goyal has said that consensus-based decision-making is the bedrock of the WTO's legitimacy, as the discussions related to reforms in the global trading system, electronic commerce, TRIPS non-violation and the package for least developed countries (LDCs) will now continue in Geneva. The minister's statement comes after the conclusion of the 14th Ministerial Conference of the WTO at Yaounde in Cameroon on Monday, where he led the Indian delegation. Goyal empha ...Read More >
New Delhi, March 31 (PTI): India's first Iranian crude oil cargo since 2019 may be headed towards a port in Gujarat, according to ship tracking data. Indian refiners have been looking to purchase a few cargoes of Iranian oil on water following the recent sanctions waiver by Washington. "The Indo-Iranian oil trade has flickered back to life. Following the US administration's decision to grant a 30-day window for Iranian oil "on the water" due to regional conflict, the vessel Ping Shun is now en ...Read More >
New Delhi, March 31: The Central Board of Indirect Taxes and Customs has operationalised comprehensive reforms to streamline e-commerce exports and courier-based trade, including the removal of the Rs 10 lakh value cap per courier consignment, the government said on Tuesday. Reforms aimed at boosting exports The reforms, effective April 1, are expected to significantly boost exports, especially for e-commerce exporters, by allowing greater flexibility in shipment value and enabling seamless ex ...Read More >
New Delhi, Mar 31 (PTI) India on Tuesday said it has called for initiating discussion at the WTO on its proposal on the transfer of modern technologies to emerging and least developed economies to help enhance their share in global trade, while pushing for negotiations through "possible new approaches" to move agriculture talks forward. The commerce ministry said the country has also extended its support for robust work at the World Trade Organization (WTO) on digital divide, digital infrastruc ...Read More >
New Delhi, Mar 31 (PTI) The Central Board of Indirect Taxes and Customs (CBIC) has operationalised a set of comprehensive reforms to strengthen and streamline e-commerce exports and broader courier-based imports and exports, with effect from April 1. These reforms include the complete removal of the Rs 10 lakh value cap per consignment on courier exports, the introduction of a streamlined framework for handling returned and rejected parcels and a legally backed Return to Origin (RTO) mechanism ...Read More >
New Delhi [India], March 31 (ANI): The Central Board of Indirect Taxes and Customs (CBIC), in pursuance of the Union Budget 2026-27 announcement, has operationalised a set of comprehensive reforms, strengthening and streamlining E-Commerce exports as well as broader courier-based imports and exports. This will be effective from 1st April 2026. According to the Ministry of Finance, the reforms include the complete removal of the earlier Rs 10 lakh value cap per consignment on courier exports, th ...Read More >
New Delhi [India], March 31 (ANI): The Central Board of Indirect Taxes and Customs (CBIC), in pursuance of the Union Budget 2026-27 announcement, has operationalised a set of comprehensive reforms, strengthening and streamlining E-Commerce exports as well as broader courier-based imports and exports. This will be effective from 1st April 2026. According to the Ministry of Finance, the reforms include the complete removal of the earlier Rs 10 lakh value cap per consignment on courier exports, th ...Read More >
Varanasi, March 31 (UNI) Uttar Pradesh MSME Minister Rakesh Sachan said on Tuesday there are 9.6 million MSME units in the state, the second largest employment-generating sector after agriculture, employing approximately 30 million people. Speaking at the Madhya Pradesh-Uttar Pradesh Cooperation Conference 2026 held here, he said,'' Under the leadership of Chief Minister Yogi Adityanath, the double-engine government has taken many public-friendly decisions in the last nine years of reconstructi ...Read More >
New Delhi [India], March 31 (ANI): Union Minister Piyush Goyal held discussions with a European Parliamentary delegation led by Angelika Niebler on the early implementation of the India-European Union Free Trade Agreement (FTA), highlighting its significance for strengthening bilateral ties. In a social media post, the minister said he was "delighted" to meet the delegation and noted that India-EU relations are witnessing growing dynamism across multiple sectors. "India-EU ties continue to str ...Read More >
IndiGo on Sunday commenced its inaugural daily, nonstop service between Kolkata and Shanghai, marking a major step towards strengthening connectivity between India and China. In a press release, the airline said that the new route builds on its recent expansion in China, including the reinstatement of Kolkata-Guangzhou flights earlier. The flight from Kolkata to Shanghai will depart daily at 9:45pm and arrive at 4:40am the next day, while the return flight will leave Shanghai at 5:40am and rea ...Read More >
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