Tag: Export

Bhubaneswar: The Odisha government on Wednesday signed a Memorandum of Understanding (MoU) with the World Trade Centre (WTC) to promote and strengthen export activities. Odisha Small Industries Corporation (OSIC) of the state government signed the MoU with WTC, Mumbai. Micro, Small and Medium Enterprises (MSME) Minister Jogendra Behera said Odisha has a huge potential to […]

Berhampur: Export of spices from Kandhamal is set to get a boost with the government sanctioning Rs 2.46 crore fund to Kandhamal Apex Spices Association for Marketing (KASAM) to replace old processing machines. KASAM is an apex society of around 12,000 farmers spreadacross five blocks in the tribal-dominated district. It procures spices produced by its […]

New Delhi: A day after withdrawing the Most Favoured Nation status to Pakistan, India on Saturday slapped a 200 per cent import duty on all goods originating or exported from Pakistan. To enable this, an official notification amended the First Schedule to the Customs Tariffs Act inserting an entry “all goods originating in or exported […]

New York: India could potentially be one of the big winners from the US-China trade war, according to a Credit Suisse survey of 100 companies with global sales of $1 trillion that projects $350-550 billion of exports will shift out of China and that this is “inevitable even if slow”. This survey insights land at […]

New Delhi: At least in the oil sector, the global health emergency posed by the spread of the novel coronavirus has come to the country’s advantage. India’s oil import bill has fallen close to 10 per cent in FY20 as the increasing spread of coronavirus and demand squeeze globally has depressed the crude oil prices […]

New Delhi: Gems and jewellery exporters have been permitted to send their goods across the globe to their buyers using the convenience of cost effective and reliable courier services. The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular clarifying that extant regulations do not restrict exports of gems and jewellery through […]