New Delhi is considering measures to prevent trade partners mainly in Southeast Asia from re-routing Chinese goods to India with little added value, two government sources said, amid strained ties with Beijing and a push for self-reliance. India is planning to raise quality standards of imports, impose quantity restrictions, mandate stringent disclosure norms and initiate.

As per the laid down procedure and criteria for submission and approval of applications for export of diagnostic kits, only manufacturer exporters can apply through DGFT’s online system. Online applications filed by exporters only from August 5 to 8 will be considered for getting licences or permission by the Directorate General of Foreign Trade (DGFT).

If India’s foreign trade in goods and services have in recent quarters been a continuous drag on the gross domestic product (GDP), the pull-down effect could be far stronger in the current fiscal. By capping the outlay for the Merchandise Exports from India Scheme (MEIS) at Rs 9,000 crore for the April-December period, the revenue.

India has taken a slew of initiatives, including launch of a multi-modal link via Chittagong port to Bangladesh, over the past two weeks for strengthening the trade ties amid China’s bid to increase influence in the country’s eastern neighbourhood. As part of the latest initiative, 10 broadgauge (BG) locomotives were handed over to Dhaka by.

The Centre is preparing a draft legislation on logistics with a view to promoting the growth of the sector and replace the existing multimodal transportation of goods law, an official said. The efficiency in logistics comes from end-to-end services, and hence the document will not just focus on multi-modal transport, Department of Commerce Special Secretary.

In a bid to usher in transparency and ensure logistics efficiency of ports and airports, the Union Commerce Ministry is likely to come out with a model handbook to deal with the process and documentation in ports, according to Pawan Kumar Agarwal, Special Secretary of Logistics, Ministry of Commerce. Based on this model handbook, the.

The central government has identified 20 sectors where India can meet domestic demand as well as become a ‘global factory of the world’ by pushing out more exports and reining in costly imports, Commerce and Industry Minister Piyush Goyal said on Wednesday. Speaking at a webinar organised by the Federation of Indian Chambers of Commerce & Industry.

The apex policymaking bodies for direct and indirect taxes on Tuesday signed a pact for data sharing on automatic and regulatory basis. A Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs(CBIC) for data exchange between the two organisations, an official statement said..

In 2017, Prime Minister Narendra Modi envisaged a faceless taxation system for ease of life and the task to revamp the system came directly to the Central Board of Direct Taxes (CBDT). In a conversation with CBDT chairman Pramod Chandra Mody said the system is now up and running. Edited excerpts: What was the idea.

Following a demand from transport associations, the Road Transport and Highways Ministry has reminded various States that it is possible for them to fix a minimum floor price for cargo movement. This is provided for in the Motor Vehicle Act. Simply put, freight rate is the amount charged by truck drivers for moving goods between.