Import/Export Industry Notifications

On Saturday, the government has finalised a list of products from agriculture and allied sectors that will be promoted in a cluster approach in 728 districts across the country as part of its effort to boost farm exports and enhance farmers' income. The products have been identified from agricultural, horticultural, animal, poultry, milk, fisheries and aquaculture, marine sectors for 728 districts across the country.

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The leading Kashmir-based exporters had a meeting with the Additional Director General, (ADG) Foreign Trade (FT) Ministry of Commerce, Govt. of India, Smt. Suman Sharma at SKICC and discussed varied issues of their interest. The exporters put forth concrete suggestions before the visiting dignitary for arresting the decline of exports from Kashmir Valley.

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India’s coming foreign trade policy could have a separate chapter which deals with e-commerce for the first time amid demands for helping millions of small manufacturers become exporters, said three people familiar with the development.

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India’s merchandise exports to China, its second-largest market, seem to be losing steam after an impressive 33% year-on-year jump in the April-June period in the face of the Covid-19 pandemic. Growth in shipments to the neighbour slowed down considerably to 20% in September quarter and to just over 2% in December quarter.

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Rice export rates in top exporter India eased this week as supplies rose, while neighbouring Bangladesh considered allowing higher imports by private traders as domestic rates continued to soar.

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The Central Board of Indirect Taxes and Customs (CBIC) said that the government had extended anti-dumping duty on melamine originating in or exported from China up to March 31, 2021.

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A US ban on Chinese cotton and a rise in demand for the yarn from Beijing have pushed domestic prices. Not only is this impacting export, but domestic users, including apparel manufacturers, are also reeling under pressure. Earlier, many projected "much higher cotton exports" from India after the US ban.

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As extra prospective buyers from South The USA, Eastern Africa, and South East Asia start out queuing up for the Indian rice, the cereal exports — the two basmati and non-basmati — are seen scaling new highs this fiscal.

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Announcing the bandh last week, CAIT said dharnas (protests) will be held nationwide in 1,500 places demanding the Centre, state governments and the GST Council to keep in abeyance the "draconian" provisions of GST

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