India has registered an export of $30.63 billion in April 2021 as compared to $10.63 billion in the same month of last year reflecting a growth rate of 195.72%. In terms of value in Rs, the total exports were Rs 2, 28,071.76 Crore in April 2021 as compared to Rs 78,951.41 Crore in April 2020. In … Read more
India’s foreign trade sector plays a vital role in the growth of its economy. It ensures the highest quality of goods and services, increases competitiveness, generates employment, improves living standards, and earns valuable foreign exchange for the country.. In this article, we will discuss Exports Surge by Over 58% in March, Imports Rise 53%. Know … Read more
DGFT has issued a notification for applying, updating IEC (Now e-IEC). It is mandatory Every year from April to June even if, all details of IEC remain same all existing holders have to confirmed compulsory. Otherwise, IEC may be de-activated if not upgraded. In this article, we will discuss IEC Code Requires Renewal Every Year, … Read more
Commencing an Import-export business is one of the best approaches to attain your profit goals which are higher to do well in the international market. Selling the product in the domestic market may lead to getting a limited amount of profit margin. But practising the initiative to make a foothold in the international market needs … Read more
As we know India is the biggest buffalo meat exporting country (Carabeef) globally, with a smaller amount of sheep meat. Production and export of meat from India originated in the year 1969, During the last 49 years, the quantity of meat & Processed Meat exported from India has been progressing and so also the number … Read more
Taking a major step to boost exports, CBIC issued the notification to extend the benefit of the scheme for Remission of Duties and Taxes on Exported Products. In this article, we will discuss on RoDTEP Scheme gets implemented from Jan 1. RoDTEP Scheme gets implemented from Jan 1 CBIC has announced the new scheme i.e … Read more
DGFT has issued a notification relating to the export policy of onion with immediate effect. Let’s summaries the Notifications issued:- Notification for Export Policy of Onion The ministry of commerce industry has issued the notification No. 31/2015-20 dated 14.09.2020 relating to the export policy of onion with immediate effect. Also allowed shipments of Bangalore rose … Read more
DGFT has issued a notification removed export curbs on N-95 masks, to promote outbound shipments of the product. In this article, we will discuss on DGFT notification for export of N-95 mask Let’s summaries the Notifications issued:- Notification for Export of N-95 Mask The All India Mask Manufacturers Association urged the central government to exclude … Read more
The commerce ministry notifies new import policy for LED products and control gears for such items. Let’s summarise the Notifications issued:- DGFT Notification No 32/2015-2020 DGFT vide Notification No. 32/2015-2020 dated September 17, 2020, has provided for insertion of policy condition in chapter 85 and 94 of ITC (HS), 2017, Schedule -I (Import Policy) in … Read more
As we know India is a major producer and exporter of Spices. Also, it is recognized as a profitable business in India. Any individual can start a spice business as a small, medium, and large scale base as per his or her investment capacity. Spice powder is a necessary ingredient in cooking, none of the … Read more