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Dated 20th March, 2018 | Copy of | Notification No.11 | CUSTOMS NOTIFICATION Whereas, in the matter of import of ‘Melamine’ (hereinafter referred to as the subject goods), falling under tariff item 2933 61 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in or exported from China PR (hereinafter referred to as the subject country), the designated authority, vide its final findings in the second sunset review notification No.15/17/2014-DGAD, dated the 5th December, 2015, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 5th December, 2015, had come to the conclusion that–(i) there is continued dumping of the subject goods from the subject country;(ii) these dumped imports continue to cause injury ...

The Dollar Business Bureau Backed by growing customer demand and introduction of new products, Honda Motorcycle & Scooter India Pvt Ltd, the wholly-owned subsidiary of Japanese Honda Motor Company, recorded a growth of 20% in its overall sales, including domestic and exports, in July. The company recorded its ever highest exports in a single month at 32,569 units and witnessed a growth of 34%. Adding 3%, Honda’s market share in exports zoomed to an all-time high of 15%. “Growing at a fast pace, Honda 2Wheelers India total sales grew at 20% to 544,508 units in July 2017 as compared to 453,884 units in July last year, the company said in a statement. Honda2Wheelers is the only manufacturer to gain 2% market share to 28.8%, making the company highest market share gainer in July. Interestingly, ...

The Dollar Business Bureau (Source: PIB) A B2B treasure trove of footwear fashion brands and its retail industry will be featured at the 3rd edition of India International Footwear Fair 2017 (IIFF) at Pragati Maidan, in New Delhi from August 4 to 6, 2017. The fair is being organised by India Trade Promotion Organization (ITPO) especially when the exhibition complex is being revamped as the world class Integrated Exhibition-cum-Convention Centre. This year, buyers will find new designs of innovative shoes based on aesthetics, design, fluidity and functionality in the fair. The event celebrates upcoming trends and style to recognise innovation and breakthrough talent on a national scale. IIFF features emerging technologies keeping in pace with the rapidly changing buyers’ needs and ushers ...

The Dollar Business Bureau Indian Pharma exports to the US may increase in 2017-18 despite pricing pressure and stiff competition. A report released by Care Ratings said that $50 billion worth of drugs are expected to become 'off-patent' in the current year giving hope to the Indian Pharma export market. "The pharma export volumes from India to US, however, are expected to rise. This will be backed by about $55 billion expected sales gain to generics drugs on account of branded drugs going off patent during 2017-19 which will create an opportunity for CRAMS segment. We expect growth rate for CRAMS (Contract Research and Manufacturing Services) to be higher compared to average growth rate of the industry. These factors are likely to support pharma exports from India," ...

The Dollar Business Bureau The government is likely to increase the duty on the import of sugar to 60% from the present 40% in order to control the cheap imports and to maintain local prices.  Any decline in the domestic prices of sugar will impact the millers' capacity to pay sugarcane dues to farmers. In the wake of lower sugar production expected during the current marketing year of 2016-17, the government, in April, had permitted 5 lakh tonnes of raw sugar import at zero duty in order to boost local supply.  “We are monitoring global price movement closely. Prices in the international market are falling and some traders are keen to import even at high customs duty. So, we are considering raising the import duty,” ...

The Dollar Business Bureau  India’s IT software exports are expected to grow at 7-8% during the current financial year 2017-18, which is less than 8-10% in the previous fiscal of 2016-17, the apex trade body NASSCOM said on Thursday. “The outlook for the IT industry in fiscal 2017-18 is 7-8% growth in exports and 10-11% in the domestic market as against 10-12% in 2016-17,” NASSCOM said in a statement. The Indian IT services sector has been coping with a slowdown in the business of banking and financial services, which contributes a major part to the revenues. It has also been impacted by its retail customers facing a sluggish growth from the upsurge of online retail channels. India’s $150-billion IT industry revenues mainly come from Business Process Management (BPM), software ...

The Dollar Business Bureau Data from the Ministry of Commerce website showed that exports from SEZs grew by about 12% to Rs 5.24 lakh crore and attracted investments worth Rs 4.23 lakh crore in 2016-17. While the country’s overall exports recorded a growth of 16.23% in rupee terms. States like Tamilnadu, Telangana, Maharashtra and Karnataka have the highest number of SEZs operational in the country. The Government has approved as many as 421 zones till May 1, of these 218 of them are operational. SEZs all over India have generated employment for 17.31 lakh people. As a special provision to increase exports from SEZs, under GST, the government has decided to treat the supplies reaching the SEZs from the domestic market at par with ...

The Dollar Business Bureau As per the measure of revenue passenger kilometres (RPK), a unit used to measure passenger volume, International Air Transport Association (IATA) reported that India’s domestic passenger traffic, during the month of March 2017, grew at the slowest rate since September 2015. “China overtakes India as the fastest growing domestic market,” the monthly report stated. Monthly air passenger market analysis report released by the international association, recorded a robust 7% first quarter global growth in passenger demand, which is well ahead of the long-run average of around 5.5%. However, the report cited the reasons for slow demand growth in India to be the ‘reduced cash supply’ and ‘wider economic uncertainty’. To add to this sombre result, ICRA’s report further dulled the ...