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EXIM NEWS - EXPORT IMPORT

New Setup Planned To Weed Out Errors From Trade Data, Says Commerce Secretary Rahul Khullar
The Commerce Department Is Mulling An Institutional Mechanism For Revising Trade Data To Improve Accuracy After The Recent Downward Revision In Exports Numbers By $9 Billion For April-October 2011 Raised Serious Credibility Issues.
Over Rs 6,000-Crore Spices Exported Till November
India Has Exported About 3,51,900 Tonne Of Spices Valued At Rs 6,209.08 Crore (Usd 1,332.25 Million) Up To November In The Current Fiscal.
Igc Estimates Rice Exports To Jump 32% This Year
Rice Exports From India, The World Second-Largest Producer, May Go Up By 32 Per Cent To Five Million Tonnes This Year, According To The International Grains Council (Igc).
Chile To Soon Sign Revised Pta With India
Chile Today Said It Would Soon Sign A Revised Preferential Trade Agreement (Pta) With India Increasing The Number Of Items Of Export And Import To 2000 From The 100 At Present. In 2005, Chile Had Signed A Pta With India, Enabling Both Import And Export Of Over 100 Items.
Transaction Costs Reduction Yields Us $ 450 Millions To Exporters: Shri Scindia
Shri Jyotiraditya M. Scindia, Minister Of State For Commerce & Industry, Chaired Two Panel Discussions At The Annual Meeting Of The World Economic Forum At Davos On 26Th January 2012. Speaking At The Panel Shri Scindia Said, “How Can The Manufacturing Sector Transform Growth And Employment”
Dependence On Imports On The Rise; Domestic Dec Gas Output Falls 10.8%
With The Gap Between Demand And Supply Constantly Widening, Higher Dependence On Imported And More Expensive Oil And Gas Is On The Rise.
Import Offers May Regain Interest In India (27-1-2012)
In Line With The Global Upturn, Import Cargoes Have Been Offered To India With Increases, As Per Chemorbis. Nevertheless, There Was Not Much Interest For These Offers Up Until A Short While Ago Due To Weak Demand, Sufficient Local Stocks And Weak Local Currency.
Central Policy On Maize Imports Upheld
Dismissing A Writ Petition Filed By City-Based Sriven Marketings Which Is Into Trading Popcorn (Maize), The Ap High Court Has Upheld The Central Government’S Decision In Withdrawing The Condition Which Permitted Import Of Popcorn Only By The ‘Actual User’.

LATEST NOTIFICATIONS

Indian Custom Non-Tariff Notification Number 07/2012 – Customs (N.T.)
Grant of Presidential Awards of Appreciation Certificate on the occasion of Republic Day-2012
Indian Custom Non-Tariff Notification Number 06/2012 – Customs (N.T.)
Amend Custom Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995
Indian Custom Non-Tariff Notification Number 05/2012 – Customs (N.T.)
Seeks to notify Refund of Anti-Dumping Duty (Paid in Excess of Actual Margin of Dumping) Rules, 2012
Indian Custom Non-Tariff Notification Number 04/2012 – Customs (N.T.)
Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001
Indian Custom SG Notification Number 01/2012 – Customs (SG)
Seeks to impose safeguard duty at the rate of 10% ad valorem, on Phthalic anhydride
Indian Custom Corrigendum Number Corrigendum, dated 17-01-2012
Amends notification No.70/2010-Customs, dated the 25th June, 2010
Indian Custom ADD Notification Number 02/2012 – Customs (ADD)
Seeks to impose anti-dumping duty on imports of Silk fabrics originating in, or exported from, People’s Republic of China
Indian Custom ADD Notification Number 08/2012 – Customs (ADD)
Amends notification No.70/2010-Customs, dated the 25th June, 2010

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