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  • Piyush Goyal says exports will increase if products are good, subsidies not only solution Oct 05, 2020 08:16 PM IST

    Piyush Goyal says exports will increase if products are good, subsidies not only solution

    Addressing a webinar organised by the EXIM Bank on Saturday, Goyal said sectors having the potential to become globally competitive needed to be identified.

  • Import of all iron, steel items need compulsory registration now under SIMS: Govt Sep 28, 2020 10:25 PM IST

    Import of all iron, steel items need compulsory registration now under SIMS: Govt

    The Directorate General of Foreign Trade (DGFT), under the commerce ministry, said that "import" of these products "shall now require compulsory registration" under the SIMS.

  • Eight core industries output contracts for fifth consecutive month in July Aug 31, 2020 03:45 PM IST

    Eight core industries output contracts for fifth consecutive month in July

    Barring fertiliser, all seven sectors -- coal, crude oil, natural gas, refinery products, steel, cement and electricity -- recorded negative growth in July.

  • India to take equal, proportional measures if other countries impose trade barriers: Piyush Goyal Aug 14, 2020 06:50 PM IST

    India to take equal, proportional measures if other countries impose trade barriers: Piyush Goyal

    Goyal said India will have to plan its own measures whether it is by way of anti-dumping duty or some restrictions. "We will have to take equal and proportional measures to protect India's domestic manufacturing."

  • India's July trade deficit in goods at $4.83 billion: Commerce Ministry Aug 14, 2020 06:20 PM IST

    India's July trade deficit in goods at $4.83 billion: Commerce Ministry

    Merchandise imports contracted 28.40 percent in July to $28.47 billion from a year ago while exports fell 10.21 percent to $23.64 billion.

  • DGTR recommends CVD on certain steel product imports from Indonesia Aug 09, 2020 07:20 PM IST

    DGTR recommends CVD on certain steel product imports from Indonesia

    The domestic industry has suffered material injury due to subsidisation of the product and therefore it is necessary to recommend imposition of provisional countervailing duty on these imports, the DGTR has said in a notification.

  • Eight core industries' output contracts 15% in June Jul 31, 2020 08:13 PM IST

    Eight core industries' output contracts 15% in June

    The output of coal, crude oil, natural gas, refinery products, steel, cement and electricity declined by 15.5 percent, 6 percent, 12 percent, 8.9 percent, 33.8 percent, 6.9 percent, and 11 percent, respectively.

  • Govt imposes safeguard duty on solar cells for one more year till July 2021 Jul 30, 2020 01:55 PM IST

    Govt imposes safeguard duty on solar cells for one more year till July 2021

    The move followed recommendation by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) for continued imposition of the duty for one more year.

  • Revenue department asks commerce ministry to review coverage of export incentive scheme MEIS Jul 29, 2020 07:03 PM IST

    Revenue department asks commerce ministry to review coverage of export incentive scheme MEIS

    The idea of reviewing the MEIS has been to use resource optimally and in a targeted way.

  • Commerce Ministry not accepting MEIS applications from exporters Jul 28, 2020 02:30 PM IST

    Commerce Ministry not accepting MEIS applications from exporters

    According to an office memorandum of the Directorate General of Foreign Trade (DGFT), the Department of Revenue in May had conveyed that it may not be feasible to exceed MEIS (merchandise export from India scheme) allocation beyond Rs 9,000 crore for 2020-21 (up to December 2020).

  • India's exports fall 12.41%, imports by 47.5% in June Jul 15, 2020 06:34 PM IST

    India's exports fall 12.41%, imports by 47.5% in June

    During April-June 2020, exports fell by 36.71 per cent to $51.32 billion, while imports shrank by 52.43 per cent to $60.44 billion.

  • India reviewing around 50 investment proposals from Chinese firms Jul 06, 2020 06:35 PM IST

    India reviewing around 50 investment proposals from Chinese firms

    Under new rules announced by India in April, all investments by entities based in neighbouring countries need to be approved by the Indian government, whether for new or additional funding.

  • Considering to replace multi-modal transportation of goods act with national logistics law: Commerce Ministry Jul 04, 2020 01:30 PM IST

    Considering to replace multi-modal transportation of goods act with national logistics law: Commerce Ministry

    Special Secretary in the logistics division of the ministry, Pawan Agarwal said a National Logistics Efficiency and Advancement Predictability and Safety Act (NLEAPS) is under consideration and this law tends to define various participants of the logistics space and create a light regulatory ecosystem.

  • Gold imports plunge to $79.14 million during Apr-May 2020 Jul 03, 2020 08:18 PM IST

    Gold imports plunge to $79.14 million during Apr-May 2020

    The decline in gold imports has helped in narrowing the country's trade deficit, difference between imports and exports, to $9.91 billion during the period, against $30.7 billion a year ago.

  • Requested Commerce Ministry to allow export of PPE kits: Nitin Gadkari Jun 27, 2020 08:35 PM IST

    Requested Commerce Ministry to allow export of PPE kits: Nitin Gadkari

    Addressing a webinar on the occasion of International MSME Day, Gadkari, who also holds the portfolio of Road Transport and Highways, said about two months ago that India imported PPE kits from China via a special aircraft but now the country's industry and MSMEs were manufacturing lakhs of PPE kits per day.

  • DGTR reduces average time to 234 days for completing probe in 2019-20 Jun 18, 2020 05:10 PM IST

    DGTR reduces average time to 234 days for completing probe in 2019-20

    The Directorate General of Trade Remedies (DGTR) is the investigation arm of the ministry which deals with anti-dumping duty, safeguard duty, and countervailing duty.

  • Khadi masks may soon be available in global markets May 21, 2020 08:30 PM IST

    Khadi masks may soon be available in global markets

    "KVIC plans to supply khadi face masks in countries like Dubai, USA, Mauritius and several European and Middle Eastern countries where Khadi's popularity has significantly grown over the last few years," according to an official statement.

  • No increase in lease rent of SEZ units for 2020-21: Commerce Ministry May 11, 2020 07:26 PM IST

    No increase in lease rent of SEZ units for 2020-21: Commerce Ministry

    The ministry said that after consulting the proposal with Department of Expenditure, these relief measures were decided for SEZ units on account of COVID-19 outbreak.

  • Commerce Ministry recommends continuation of anti-dumping duty on chemical from China May 05, 2020 03:40 PM IST

    Commerce Ministry recommends continuation of anti-dumping duty on chemical from China

    In a notification, the ministry's investigation arm Directorate General of Trade Remedies (DGTR) has said there is a "positive" evidence of likelihood of dumping of Sodium Citrate and injury to the domestic industry if the existing anti-dumping duty is removed.

  • Commerce ministry recommends continuation of anti-dumping duty on Chinese chemical May 05, 2020 12:55 PM IST

    Commerce ministry recommends continuation of anti-dumping duty on Chinese chemical

    The commerce ministry has recommended for continuation of anti-dumping duty on a Chinese chemical used in food and pharma industry with a view to guard domestic players from cheap imports.

  • Commerce ministry working to identify key sectors for making India a manufacturing hub May 03, 2020 01:58 PM IST

    Commerce ministry working to identify key sectors for making India a manufacturing hub

    Commerce and Industry Minister Piyush Gooyal has recently stated that in the post-COVID era, there is going to a be perceptible change in the global supply-chains

  • Export incentives under MEIS available till Dec 31: Commerce Ministry Apr 16, 2020 02:20 PM IST

    Export incentives under MEIS available till Dec 31: Commerce Ministry

    The government after approving a new scheme - remission of duties and taxes on export products (RoDTEP) - in March this year has stated that MEIS will be phased out after rolling out of this new scheme.

  • Commerce ministry terminates anti-dumping duty probe against chemical from Saudi Arabia Apr 07, 2020 12:27 PM IST

    Commerce ministry terminates anti-dumping duty probe against chemical from Saudi Arabia

    In December last year, the ministry's investigation arm - Directorate General of Trade Remedies (DGTR) - initiated the probe into an alleged dumping of “Mono Ethylene Glycol” originating in or exported from Kuwait, Oman, Saudi Arabia, UAE and Singapore, following a complaint by the company.

  • Commerce ministry for not extending safeguard duty on palm oil imports from Malaysia Mar 02, 2020 03:25 PM IST

    Commerce ministry for not extending safeguard duty on palm oil imports from Malaysia

    The Directorate General of Trade Remedies (DGTR) in August last year initiated a probe into an alleged jump in imports of 'Refined Bleached Deodorised Palmolein and Refined Bleached Deodorised Palm Oil' from Malaysia, following a complaint from Solvent Extractors' Association of India.

  • ComMin to meet exporters on March 3 to discuss export, import opportunities amid Coronavirus outbreak Feb 28, 2020 07:46 PM IST

    ComMin to meet exporters on March 3 to discuss export, import opportunities amid Coronavirus outbreak

    An industry source said that as China was a global supplier of goods, huge export and import opportunities have emerged due to the outbreak of this deadly disease in China and other parts of the globe.

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