DGFT meeting all the RA's to address GST issues
The Dollar Business Bureau The Directorate General of Foreign Trade (DGFT) is meeting all the regional authorities (RA's) to address issues related to the Goods and Services Tax (GST). In order to take stock of the exports situation in the post-GST regime, a meeting of all Regional Authorities of Directorate General of Foreign Trade (DGFT) and the SEZ Commissioners under the chairmanship of Director General of Foreign Trade, is being held on August, 10 and 11, 2017 in New Delhi. Regional Authorities, which are interfacing with the exporter community, will deliberate and give specific suggestions on GST and Mid-Term review of Foreign Trade Policy (FTP) 2015-20. These include measures for boosting employment generation, continued capacity building of export oriented Medium and Small Enterprises (MSMEs) and ...
PEC floats tenders to import 1.2 lakh tonnes of maize
The Dollar Business Bureau Indian trading company PEC Ltd has sought international tenders to import 1.2 lakh tonnes of maize to increase the supply and control the rising prices in the country. PEC is a public sector undertaking under the Department of Commerce, Union Ministry of Commerce and Industry. To prevent hoarding, the Minister for Commerce and Industry Nirmala Sitharaman, has already approved inward shipment of 5 lakh tonnes of maize through the State Trading Corp, PEC Ltd under Tariff Rate Quota (TRQ) scheme. The Central government permits to import maize (along with three other products) at zero import duty, under the TRQ scheme. PEC has asked for two different tenders seeking 1.2 lakh tonnes of non-genetically modified maize and Friday is the last ...
Indian basmati rice exports likely to grow in FY 2015-16
The Dollar Business Bureau The Indian exporters of Basmati Rice are likely to get a boost in the new financial year with a few of the global economies mulling to import the same from India. After a brief-break since October 2014, Indian Basmati Rice exporters are expected to get market entry into Iran, which is likely to start in April 2015. Besides Iran, now, it seems China is looking forward for importing basmati rice from India. According to latest reports, India is likely to export basmati rice to China this year, with the exporting units registered with National Plant Protection Organisation (NPPO) being declared infestation-free. In this regard, the Government of India is expected to send a list of Indian ...
