From India, the total automobile exports fell by 5 % in 2016 due to the fall in sales of two and three wheelers. In Latin America, Africa, and many other countries, this fall has been seen. The data shared by the Society of Indian Automobile Manufactures (SIAM) which shows that the total automobile exports fell […]
Archive | Exim News
Indian Grapes Export To Europe Starts With Full Swing
To Europe the export of Indian grapes has begun with a full swing and650 tonne of the fruit has already been shipped so far. With an expected increase of 15% in the exports to Europe, The exporters of grapes anticipate a new record this season. 1,200-tonne grapes have been shipped to the Russia, Middle East, […]
On Import Of Indian Vegetables, The European Union Removes 3-Year Ban
On Indian mangoes last January, the European Union had lifted the ban. The European Union had decided to remove its three-year import ban announced by the Agriculture Ministry that it had imposed on some vegetables from India. The Assistant Director of the Agriculture Ministry’s export/import section, R S Arora spoke at a seminar by CIAL […]
On freight for imports on delivered basis India to charge service tax
On freight from coming Sunday India is going to charge a service tax on the imports to send their products and merchandise to India where the overseas exporters are using foreign ships. By a government notification, this statement was made. To the service tax being charged by free on board (FOB) shipments, this tax will […]
Foreign Reserves Rise To 12 Months Covered by Indian Import
India’s import cover of forex reserves has elevated to a robust 12 months shown by a report from Reserve Bank of India (RBI) as the end of September 2016. At the end of March 2016, It was little lower at 10.9 months. The number of months of import equivalent to stock or reserve of foreign […]
Jewellery Exports Will Impact By Hike In Dubai Import Duty
As starting from January, Indian jewellery exports will get impacted in the coming future, from the previous 0.36 % to 5 % the import duty has been hiked in Dubai. As a hub for jewellery business, the jewellery exporters may discontinue using Dubai and to the other countries’ markets start selling straight away. In last […]
At WTO US Forces India To open up USD 1 bn solar market
At the WTO (World Trade Organisation), India’s solar policy with the local content condition was challenged. To open USD 1 billion worth market, Us has forced India by this policy. Mike Froman who is the American Trade representative of the outgoing government has told that the US will not allow this “new form of protectionism” […]
In November India’s oil imports from Iran fall by 19%; the top oil supplier again becomes Saudi
In November 2016, there was a decrease of 19 % in the oil imports of India coming from Iran. Saudi Arabia and Iraq increased their sales to India after this happened and again became the top two oil suppliers. In November, to 620,000 barrels per day the imports from Tehran had gone after the sanctions […]
Gold Import Duty Lowers from 10% to 6% by Government consideration
To control the imports that were soaring high, import duty on gold was made three times in the year 2013. However, in the last seven years, in 2016 the demand has been seen falling down to a lowest. The second largest amount of gold in the world is consumed by India. Mainly to cut down […]
After An Interval Of Three Years, India To Resume Curry Leaf Exports To EU
To the European Union after a gap of three years, India is re-starting the sale of curry leaves. The shipments have to go through quality checks as per EU’s demand that will be laboratory testing and Agmark certification. In 2013, from India, the EU had stopped the import of curry leaves. Because of high pesticide […]
