India’s Goods Exports Seen Growing at a Fast Pace

According to Commerce Secretary Mr Anup Wadhawan, India’s goods exports are likely to grow by at least 16 per cent in 2018-19 despite the difficult global environment. Interacting with the media here, he said that it was through a policy of incentives, promotion and facilitation that India has been able to achieve a consistent pattern
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After a thorough review of current safety practices and policies in the stowage of dangerous cargo, Maersk has now completed implementation of new guidelines to improve safety across its container vessel fleet. Following the tragic fire aboard Maersk Honam in March this year, Maersk took measures and implemented additional preliminary guidelines for stowage of dangerous
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Lufthansa Cargo, using the INFr8 platform, has handled the world’s first dangerous goods shipment with an electronic Dangerous Goods Declaration (eDGD) at Frankfurt Airport. A shipment from the healthcare company Abbott, based in Wiesbaden, was flown on board cargo flight LH8222 to Mexico City last week. Hand in hand with this, the pilot phase of
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China has added tariffs on USD 60 billion of imported US products as a counter-attack to the latest levies related to USD 200 billion worth of Chinese goods announced by the Trump Administration on September 17. Citing China’s Finance Ministry, Reuters said that Beijing will impose taxes on a total of 5,207 US products, ranging from liquefied
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NEW DELHI: India recently decided to defer for the third time tit-for-tat retaliatory tariffs against 29 American products worth $235 million that were to come into effect on 18th September to counter the US move to unilaterally raise import duties on Indian steel and aluminium products, said a person with knowledge of the development. The
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The Government has relaxed the norms for exported electronic goods, like mobile phone, colour TV, certain medical devices, which need to be imported back for repairs. As per the notification issued by the Central Board of Indirect Taxes and Customs (CBIC), these goods can be imported duty-free with the condition that they will be re-exported
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The rapid growth in free trade zones—where economic activity is driven by reduced taxes and Customs controls, light regulation and limited oversight—is unintentionally fostering growth in counterfeit goods trafficking, according to a new report by the OECD and the EU’s Intellectual Property Office. The Trade in Counterfeit Goods and Free Trade Zones report finds that
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G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central government, being satisfied that it is necessary in the public interest to do so, hereby exempts all goods falling under the First Schedule to the Customs Tariff Act, 1975 (51 of
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The government is working on a scheme to allow duty-free import of capital goods by the domestic industry. The initiative could be an alternative to some of the export incentive schemes (EPCG, those for EOUs and SEZs) that will now have to be phased out or withdrawn because of their incompatibility with global trade rules,
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In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.67/2018-CUSTOMS (N.T.), dated  2nd August, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes
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