Tag: imports

Customs expeditiously clearing Covid medical equipment imports from China

The second wave of the pandemic has brought a change to the way India’s customs department has been clearing Chinese medical equipment, especially devices used...

Exports may dip 5.8%, imports by 11.3% in second half of 2020-21: Economic Survey

NEW DELHI: The country’s exports are expected to contract by 5.8 per cent and imports by 11.3 per cent during the second half of the...

Importers must prove 35% value addition in origin country to get FTA benefits

Importers will have to provide proof of 35% value addition of goods imported through free trade agreements (FTA) to customs authorities, failing which duty benefits...

Automakers seek delays, exemptions to India’s planned new rules for parts: Sources

NEW DELHI: Foreign automakers are seeking delays and exemptions to India’s planned new quality rules for imported auto parts, arguing the regulations will increase costs,...

Indian auto, components industry should not de-link completely from imports, says Pawan Goenka

NEW DELHI: The Indian auto and components industry should not de-link completely from imports as self-reliance is “not about being insulated”, and companies should work...

Govt frames norms for enforcement of ‘rules of origin’ for imports under FTAs

NEW DELHI: The government has come out with norms for the enforcement of ‘rules of origin‘ provisions for allowing preferential rate of customs duties on...

Continuation of safeguard duties on imports from China for third consecutive year creates confusion

NEW DELHI: The government’s decision to continue the imposition of safeguard duties for a third consecutive year on imports from China has been met with...

Coronavirus impact: Barclays pegs $20 billion current account surplus in FY21

As imports continue to plunge due to the coronavirus-driven disruptions globally, India may end the current fiscal with a record surplus of about USD 20...

Forces must shun imports, go for ‘Make In India’, says General Bipin Rawat

NEW DELHI: The armed forces have to get rid of their overwhelming dependence on exorbitant foreign weapon systems, and instead put their entire weight behind...

GDP sinks 4.8% in the first quarter, biggest drop since 2008 and there is worse to come

The numbers: The collapse in the U.S. economy caused by the coronavirus pandemic triggered the biggest drop in gross domestic product in the first quarter...