Advance cargo info system in works

Such a system would allow customs authorities to know beforehand the contents and arrival time of cargo. The information can then be used to pre-clear the consignments or keep them for further checks based on the contents and the information thrown up by the risk-assessment system.

The India-UK bilateral trading relationship was worth Pound 34 billion in 2022, growing by Pound 10 billion ( Rs 102 crore) in one year, according to official UK government statistics. During the visit, the minister is also expected to meet with the ministers and officials from the EFTA member countries, (Switzerland, Norway, Iceland, and Liechtenstein), […]

Commerce and industry minister Piyush Goyal is set to visit the UK on July 10-11 to discuss a free trade agreement (FTA) and review progress on progressing another similar pact with the European Free Trade Association. The visit will include meetings with UK ministers and representatives from various sectors and industries. Both the UK and […]

External Affairs Minister S Jaishankar on Saturday said that India and Tanzania have started trade settlements in local currencies and this new initiative will help in promoting commerce between the two countries. Addressing industry leaders at a function, the minister said India-Tanzania bilateral trade has seen very strong growth, and stood at USD 6.4 billion […]

The Directorate of Revenue Intelligence (DRI) has sent notices to seven exporters who were allegedly exporting restricted products. The directorate has confiscated some shipments of chemicals, minerals, metal and alloys and some essential commodities, which were under the special chemicals, organisms, materials, equipment and technologies (SCOMET) list, officials said. The shipments were confiscated by the […]

Some Indian refiners, including a private refiner, have paid for some Russian oil imports in Chinese currency Yuan following such demands from suppliers, according to people familiar with the matter.

In a veiled attack on China, External Affairs Minister S Jaishankar has said that, unlike some other countries, India is not “an extractive economy” and it was not pursuing “narrow economic activities” in the resource-rich African continent. Jaishankar, who arrived here on Thursday after visiting Zanzibar, made these remarks while addressing the Indian community in […]

India is now the best-performing country amongst all the countries of the South Asia region. The overall score of India has been greater than many developed countries including Canada, France, the UK, Germany etc.

In a meeting called by the Ministry of Commerce & Industry this week, EEPC India chairman Arun Kumar Garodia discussed various recommendations in the strategy paper to boost India’s engineering exports. Pursuing new free trade agreements (FTAs) with emerging countries in Latin America and Africa, a scheme to support MSMEs in research and innovation, setting […]