The Advance Authorization Scheme allows importers to bring in duty-free raw materials for export production without adhering to QCOs, which ensures seamless export operations.
The import will be allowed for industrial and manufacturing sectors, including electronics, electrical and specialised chemical industry, against an import authorization, thereby addressing the need of the domestic industry without disruption for actual use, the government said in a statement.
A palladium and rhodium alloy containing gold is primarily used in jewellery for white gold, as well as for dental applications.
Government partnering with Shoprocket, DHL and Cargo Service Centre to start the pilot for less than a minute clearance of e-commerce exports
The Indian government is looking to implement a streamlined, hassle-free import management system for IT hardware by 2025, aiming to ease the transition for industry players as they adapt to gradual import curbs
From January 1, 2025, importers would have to apply for fresh authorisations and DGFT will issue fresh directions in this regard
Registered manufacturers' validity will extend automatically once the government to extend to the year-end the import authorisation system for laptops and other devices
An update on the future of the import management system has been largely awaited by the laptop, PC manufacturing industry who fear that any restriction on the free import of such items would detrimentally affect India's standing in the tech ecosystem
The Information Technology Industry Council, whose members include Apple, Google and Lenovo, has called for a smooth transition and adherence to international trade in deciding the import policy
n August, Indian regulators surprised the world’s biggest PC makers when they made licences mandatory for the import of electronics — from small tablets to all-in-one PCs — without a license. The move was later rolled back, and now the government has allowed free import of such items till September 2024.
Officials of the Ministry of Electronics and Information Technology and Directorate General of Foreign Trade said import authorisation requests will not be rejected for now, and the data will be studied before further decisions are taken
With the industry set to start applying for import clearance for laptop, PCs, and tablets, the fee for such authorisations is expected to be between Rs 1,000 and Rs 1 lakh
For now, manufacturers have to put in their organisation and import data details for 3 years in an online Import Management System which the DGFT is currently developing, sources said
"MeitY has informed companies that 'import management system' will go live by September end. It will be managed by DGFT. It has asked importers to feed their organisation data and import data subsequently for the past 3 years," a source, who did not wish to be identified, told PTI.
Seventy districts in the country account for 80 per cent of the country's exports total exports, he told reporters at the Indian Chamber of Commerce.
American trade bodies want Washington to put pressure on New Delhi to reconsider the decision to restrict laptop imports
The Commerce Ministry has released fresh guidelines for tyre manufacturers committing to invest in India in brownfield or greenfield projects for manufacturing tyres falling under the restricted list.
In a policy circular, the Directorate General of Foreign Trade (DGFT) said it has received representations from SEZ units highlighting issues being faced by them due to these restrictions.
To make the norms fixation process more efficient, the DGFT said that it has created a user-friendly and searchable database of ad-hoc norms fixed in the previous years.
However, minimum import price condition shall not be applicable for imports from Bhutan, the directorate general of foreign trade (DGFT) said.
Benefits under the duty refund scheme — Remission of Duties and Taxes on Exported Products (RoDTEP) — will be given to exports made from March 23, the Directorate General of Foreign Trade (DGFT) has said in a notification.
Jawri Mal Bishnoi (44), a joint director of DGFT, was on March 24 arrested by the Central Bureau of Investigation (CBI) for allegedly accepting a bribe of Rs 5 lakh, the official said.
The Directorate General of Foreign Trade (DGFT) - an arm of the commerce ministry that deals with export and import - notified the changes to the policy.
The existing policy has led to a significant amount of wheat flour continuing to be exported from India even after all such exports were restricted back in July.
The Board advises the government on policy measures connected with Foreign Trade Policy (FTP). However, the body had been defunct for a long time with the last meeting having taken place in 2013.