Search Result for : Commerce Ministry

The Dollar Business Bureau In order to safeguard the domestic industry from cheap imports, the Government has imposed anti-dumping duty on the imports of glassware from China and Indonesia. “The Central Government, after considering the final findings of the designated authority, hereby imposes definitive anti-dumping duty on the subject goods,” the Ministry of Finance said in a notification (No.22/2018-Customs ADD) on Wednesday. “The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency,” the notification said. The Directorate General of Anti-Dumping & Allied Duties (DGAD) said in its findings that the subject goods have ...

Dated 10th April 2018 | Copy of | Customs Notification No.43 | Whereas the Central Government on being satisfied that the import duty leviable on goods falling under heading 0404 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), should be increased and that circumstances exist which render it necessary to take immediate  action. Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8A of the said Customs Tariff Act, the Central Government, hereby directs that the First Schedule to the  said Customs Tariff Act, shall be amended in the following manner, namely:- In the First Schedule to the said Customs Tariff Act, in Section I, in Chapter 4, against tariff items 0404 10 ...

Dated 27th March, 2018 | Copy of | Anti Dumping Investigation  

Dated 28th March, 2018 | Copy of | DGFT Public Notice: 59      Insertion of policy condition under Chapter 41, 42 and 43 of ITC (HS), 2017 - Schedule-1 (Import Policy). In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby inserts the following Policy Condition at the end of Chapter 41 (as Policy Condition No.2), Chapter 42 (as Policy Condition No.1), and Chapter 43 (as Policy Condition No.1) of ITC (HS) 2017 - Schedule-1(Import Policy) as under:  Policy Condition: Import of seal skin, in any form, is prohibited. 2. Effect of this Notification: Import policy of ...

Dated 7th March, 2018 | Copy of | ANTI-DUMPING INVESTIGATION |

The Dollar Business Bureau India’s exports witnessed a growth of 9% in January this year, supported by a positive growth in the outbound shipments of petroleum, chemicals and engineering goods, even as the trade deficit shot up to a three-year high. The trade deficit widened to $16.3 billion in January due to 26.1% growth in imports on account of increased inbound shipments of crude oil, according to the data released by the Ministry of Commerce. The trade deficit, gap between imports over exports, had reached $16.86 billion in the month of November 2014. In January 2017, the country’s trade deficit was $9.9 billion. “Exports during January 2018 have exhibited positive growth of 9.07% in dollar terms vis-à-vis January 2017. Exports have been on a ...

The Dollar Business Bureau India’s merchandise exports during December last year recorded a positive growth of 12.36% year-on-year, on the back of a sharper increase in the shipments of engineering goods and petroleum products. Over the last 17 months, exports from the country have been on a positive trajectory, with a decline of just 1.1% in October 2017. However, imports recorded a sharp increase of 21.12% to $41.91 billion during the month on the back of rise in inward shipments of gold, silver, precious stones, petroleum and electronic goods. Due to this, the trade deficit has widened to $14.88 billion in the month of December, as compared to $10.54 billion over a year ago. Industry is hopeful that exports are expected to reach the ...

The Dollar Business Bureau Eight core sectors of the economy witnessed a growth of 6.8% in the month of November 2017, mainly supported by a strong performance in sectors such as steel, refinery and cement, according to an official data. The combined index of eight core industries stands at 123.9 in November, 2017, which was 6.8% higher as compared to the index of November, 2016,” said a statement by the Ministry of Commerce and Industry. The cumulative growth of these infrastructure sectors was 3.9% during the April-November period the fiscal 2017-18 compared to 5.3% during the same period in the previous fiscal. The eight core industries - coal, refinery products, cement, crude oil, natural gas, fertilisers, electricity and steel - had recorded a growth of 3.2% in ...