Ministry of Finance (MOF) data out on Monday showed that exports rose 14.0 percent year-on-year in October, led by shipments of cars to Australia and liquid-crystal device production equipment and raw materials for plastics to China.
GST Network (GSTN), the company handling IT infrastructure for the indirect tax regime, has from October 10 started issuing refunds to exporters for Integrated GST (IGST) they paid for the month of July, after matching GSTR-3B and GSTR-1.
The Central Board of Excise and Customs (CBEC) said it has asked exporters to align their bank account details declared to the customs with that of GST regime.
"This event represents the growing and important strategic energy partnership between the US and India, and I look forward to exploring new opportunities to expand the role of reliable, responsible, and efficient energy sources with our allies," Perry said yesterday.
In a keynote address yesterday to the Second Committee of the UN General Assembly, Panagariya, 65, also played down the fears that automation would kill jobs.
According to sources, industry representatives would raise issues such as input tax credit and also timely refund of duties paid by exporters.
The Markit/Nikkei Japan Manufacturing Purchasing Managers' Index (PMI) rose to a seasonally adjusted 52.6 in September from a final 52.2 in August.
"In May this year, we secured an export order of Rs 1,140 crore from a UAE firm and it is to be completed in September 2017. Another export order of Rs 774 crore for gold products bagged in June is expected to be completed by October 2017," a company said in a regulatory filing.
The report titled 'US Exposure to Forced Labour Exports from China: Developments since the US Trade Facilitation and Trade Enforcement Act of 2015' states that the value of the Chinese forced labour exports to the US is unknown as China's forced labour industry has long been opaque.
Commerce and Industry Minister Nirmala Sitharaman, in a written reply to the Rajya Sabha, said no complaint was received at her ministry with regard to prevention in production of meat and leather.
That left China with the a trade balance of $42.77 billion for the month, higher than a Reuters poll forecast of $42.44 billion.
The European Commission has recently brought down in basmati rice the maximum residue limit (MRL) level for Tricyclazole, a fungicide used by farmers against a disease, to 0.01 mg per kg from the next year. This was done for all countries.
A DSP-5 category license is issued for permanent export of military hardware as found in the US Munitions List which is defined by the International Traffic Arms Regulations.
At a joint news conference with Indian Prime Minister Narendra Modi at the White House this week, Trump said the United States looked forward to exporting more energy, including new major long-term contracts to purchase American natural gas.
The Directorate General of Foreign Trade (DGFT), under the commerce ministry, in a notification has said this decision is effective April.
Nasscom said on Thursday that the last fiscal year added USD 11 billion in revenue to Indian IT industry, and that the domestic market is expected to grow faster than export revenues.
The World Intellectual Property Organisation (WIPO) in its 10th edition of the 'Global Innovation Index (GII)' ranked India 60th on its list of 130 most innovative countries in the world.
The buoyancy in exports of spices and related products, both in terms of value and volume, compares favourably with figures of 8,43,255 tonnes valued at Rs 16238.23 crore (USD 2482.83 million) in 2015-16,thereby registering an increase of 12 per cent in volume,nine per cent in Rupee terms and six per cent in dollar terms, a Spices Board release said here today.
Though exports are showing an improvement in percentage terms, they are still lower when compared to the earlier years, it said in a statement.
Exporters fear that the tax refund policy after GST’s rollout will increase their capital cost, locking up large amounts of funds till actual trade takes place
GM International - which oversees markets such as India, Southeast Asia, and South Korea, among others - will reduce its staff to about 50 from 180 by the year end, according to a person with knowledge of the matter.
"Rajesh Exports has procured a prestigious order for its products for a value of Rs 1,140 crore" the company said in a BSE filing.
Robert Gray from Australian Mango Industry Association, said the Indian mangoes would be for sale outside of the Australian mango season.
The move is aimed at guarding domestic players from cheap imports of 'Hydrogen Peroxide' from Bangladesh, Taiwan, Korea, Indonesia, Pakistan and Thailand.