RoDTEP scheme gets extension till June 30

The RoDTEP scheme provides a mechanism for reimbursement of taxes, duties and levies, which are currently not being refunded under any other mechanism, at the central, state and local levels

India’s export of cut and polished diamonds is expected to decline by 22% to USD 17.2 billion in the current fiscal year, according to rating agency Icra. The decline is attributed to weakened demand from key consuming nations such as the US and Europe, as well as limited demand from China. Additionally, competition from lab-grown […]

The Indian government has extended support under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme until June 30, 2024. The scheme provides reimbursement of taxes, duties, and levies incurred by export entities during the manufacturing and distribution of exported products. The extension aims to help exporters negotiate better terms in the international […]

A growing dispute between India and Canada has erupted following allegations made by Canadian Prime Minister Justin Trudeau over the killing of Khalistani separatist Hardeep Singh Nijjar. Chairman of CTI, Brijesh Goyal, said that the development has sent ripples through the business world. Indian traders have demanded that India should ban import of lentils from […]

In a notification, the Directorate General of Foreign Trade (DGFT) said: “Export of 75,000 MT of non-Basmati white rice to the UAE is permitted through National Cooperative Exports Limited.” India exported $2.2 billion of non-Basmati white rice in FY23 of which Kenya, Madagascar, Benin and the UAE were among the top destinations.

India will lower the basmati floor price to $850 a metric ton, down from $1,200 a ton, to help millers and traders ship out the rice grade, said the sources, who didn’t wish to be identified as they are not authorised to talk to media. Last month, India fixed the floor price, or the minimum […]

A report by the Global Trade Research Initiative (GTRI) suggests that steps such as improving trade infrastructure and setting up a national trade network could help Indian firms integrate with global value chains, potentially adding $1.2 trillion to the country’s foreign trade by 2030. Currently, India’s limited participation in global value chains hampers its export […]

India has launched an investigation into allegations of Chinese firms dumping flasks and bottles in the country, following a complaint from a domestic player. The probe by the Directorate General of Trade Remedies aims to protect Indian businesses from cheap imports of stainless steel vessels. If it is found that dumping has caused harm to […]

According to a September 24 ToI report, though, the Indian government so far is “comfortable” as far as the import of this item is concerned. Nearly lakh tonnes of it have arrived at Indian ports amid the ongoing diplomatic tiff, ToI said citing officials.

According to three separate notifications, the DGTR said that it is probing alleged dumping of telescopic channel drawer, unframed glass mirror and fasteners.