In October from the month of September, The exports of Soybean meal saw a rise of over 55%. According to SOPA (Soybean Processors Association of India), as the prices have come down and demand has increased in the South-east Asian grocery store, so this has gone on. Nevertheless, the soybean meal exports and the value-added […]
Archive | Exim News
In Apr-Sep, Iron Ore Production Increases 25%, Exports Surge To 7.5 MT
Between April and August 2016, exports of The iron ore of the country have increased to 7.5 million tonnes (MT) that are three times from last year. This happens only due to China’s increased demand. As the domestic steel industry is low, so The iron ore imports have fallen down to 1/3rd of last year […]
Import Duty On Wheat Has Been Reduced By Food Ministry
The import duty on wheat need to reduce from current 25% to 15%, supported by the Food Ministry with an objective to increase the availability in the rural area. As even local flour mill owners are pushing for removal of duty completely, so the govt is thinking about the food ministry’s suggestion of reduction of duty, […]
Export Concerns Raised As Current Account Sees A Surplus
India’s current account saw a surplus, In the first quarter of this fiscal year, said by a Finance Ministry official. Showing the unsure attitude to investment pushing the account, imports have reduced- he said. The current account was last seen in surplus In 2007,the month of January-March. It was that time. In this month for […]
Remove Agri export subsidies as India asks BRICS to grow pulses
The government seeks the help of the BRICS nations as there is a shortage of pulses which keeps on recurring in India. The member nations can cultivate the pulse crops and hence these crops would help in better soil fertility and reducing malnutrition. Agriculture Minister Radha Mohan Singh said that to meet our production shortfall […]
Indian Domestic Refineries Are Affected Due To Rising Imports Of Refined Edible Oil Import
Indian domestic refineries are affected due to rising imports of refined edible oil import. India gets more profit by importing refined edible oil than crude oil import and local refining. Solely for this reason, the prices of India’s refined edible oil imports are growing steadily and it will double up to be the highest ever […]
For Import Of Marble In India With New Policy Will Cutdown Monopoly
For import of various varieties of marble and travertine blocks will cut down methods of monopolistic and restrictive trade, said by Delhi Marble Dealers Association as its the rule by Government’s latest policy. The raw material also accessible to factories by this policy, it assures. Starting from October 1, 2016, the restriction on the quantity […]
On wheat, palm oil, refined oils India reduces import duty
On wheat, crude palm oil, and refined vegetable oil India has reduced import duty to control the rising price. Mentioning these facts the Finance Ministry passed an order on Friday. From 25% to 10% tax has been cut down on wheat import. The center has also slimmed down by 5%, the tariff on import of […]
In April-August 2016 Coffee Exports From India Rising By 18.15%
In April-August of 2016-17 financial year, Coffee exports from India have gone to 1,63,615 tonnes. As per Coffee board, even when rates are lower it is an increase of 18.15%. In the first five months of the last financial year, India had exported 1,38,479 tonnes of coffee. In April-August of 2016-17, Coffee Board shows a […]
Gold Leads To Malpractices Due To High Import Duty
By few petty jewellers, Illegal practices have been started because of high import duty on bullion. If they export the entire content of gold, these jewellers get no duty charges. Trade associations of India asking for revaluation of the 10% levy have taken this subject to the finance ministry. At zero levies the dishonest jewellers […]
