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India calls US move on duty probe relaxation unfair

India calls US move on duty probe relaxation unfair NEW DELHI: India has termed as “unilateral action” a recent move by the United States to terminate an exemption given to developing countries from countervailing duty (CVD) investigations. Separately, it also criticised another US decision to unilaterally remove India and Turkey from a list of developing countries that are exempt from safeguard duty on crystalline silicon photovoltaic cells and large residential washers, last year. India said such actions “fuel our apprehension that…

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High local prices may hit cardamom exports

High local prices may hit cardamom exports High local prices may upset India’s efforts to export more cardamom to West Asian countries, where prices have fallen owing to Covid-19. With local cardamom prices hovering around ₹3,200 per kg last month, India was unable to beat the competition from Guatemala, the largest producer of the spice, in the Gulf countries. Guatemalan cardamom had more takers at $42 per kg , around $10 lower than the Indian rates. “But now Guatemala seems…

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Soybeans edge higher, weaker US export demand caps gains

Soybeans edge higher, weaker US export demand caps gains SYDNEY: US soybean futures edged higher on Friday, rebounding from losses of more than 1 per cent in the previous session, although gains were capped on tepid demand for North American supplies. FUNDAMENTALS The most-active soybean futures on the Chicago Board of Trade were up nearly 1 per cent for the week, the second straight weekly gain. Soybeans were up 0.1 per cent at $8.98-1/2 a bushel by 0122 GMT, after…

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Likely drop in India’s coffee exports as coronavirus fear spreads

Likely drop in India’s coffee exports as coronavirus fear spreads KOCHI: India’s coffee exports could take a knock as frequency of eating out drops in Italy and the Gulf countries—India’s main buyers—over fears of spread of coronavirus (Covid-19). About 70% of the coffee produced in the country is exported. Italy, the largest buyer of Indian coffee, is anticipating a 10-12% drop in consumption. “The Italian government has asked people to maintain a distance of 1.5 m in public which will…

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Cumin seed, coriander seed output seen up amid favourable climate

Cumin seed, coriander seed output seen up amid favourable climate Spices may rule under pressure due to coronavirus, higher crop estimates Good monsoon and higher acreage supported by favourable weather conditions has brightened crop prospects for key spices crops including cumin seed (jeera) and coriander seeds (dhana) among others. The Federation of Indian Spice Stakeholders (FISS), on Sunday released its crop estimate for cumin seed with a 29-per cent jump in the crop size from last year. The estimated production…

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Engineering exports likely to record a dip this fiscal year: EEPC Chairman Ravi Sehgal

Exports of engineering goods from India this fiscal year are likely Exports of engineering goods from India this fiscal year are likely to see a significant dip due to trade wars between the US and China, and Europe and China, which have indirectly affected India due to poor demand. Restriction by the US on import of certain products from India and the worldwide spread of the Covid-19 virus has aggravated the situation, said Ravi Sehgal, Chairman, Engineering Export Promotion Council…

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The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC)

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), set up in 1954, is one of the oldest Export Promotion Councils in India. The Council has played a transforming role over the years, inculcating export culture and promoting exports of Indian man-made fibre and textiles. Exports of these items, which were negligible in the 1960s, have grown substantially to touch US$6.16 billion during 2013-14. India exports to nearly 140 countries at…

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India to resume onion exports from March 15

India to resume onion exports from March 15 NEW DELHI: The government has amended the export policy for onions to allow their export from March 15, the commerce and industry ministry said on Monday. The government had last week decided to lift the nearly six-month-old ban on export of onions as prices are likely to fall sharply due to bumper rabi crop. The government had last year amended the export policy of onion from ‘free’ to ‘prohibited’. To meet domestic…

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Export ban lifted on gas masks, surgical blades

Export ban lifted on gas masks, surgical blades NEW DELHI: The government has removed eight more items, including a kind of gas mask and surgical blades, from the list of banned export items, the commerce and industry ministry said in a notification. Last month, the government had banned exports of all kinds of personal protection equipment including N-95 masks and masks used to protect people from air-borne particles amid the Covid-19 outbreak in China. On February 8, the government removed surgical masks…

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“EXIM Business Blueprint” Paid Workshop at Kolhapur. Do you want to start Export Business? What are the Documents are required for shipping?Do you know how to find HS Code?What are the Inco Terms are used?How to Find Buyer? Register Now

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