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DGFT should issue orders on QCO item imports as replenishment under AA | Finance News

DGFT should issue orders on QCO item imports as replenishment under AA | Finance News

[ad_1] We refer to the DGFT notification no.71/2023 dated 11th March 2024 regarding the exemption for import of items covered under Quality Control Orders (QCOs). It says that imports under advance authorisations will be subject to pre-import condition and the export of goods manufactured from such imports must be made against the same advance … Read more

India’s engineering exports to Russia doubled till February in FY24: EEPC | News

Business Standard

[ad_1] Cumulative engineering exports during April-February (2023-24) stood at $98.03 billion as against $96.84 billion in the corresponding period a year ago, the statement said. India’s engineering exports to Russia doubled to $1.22 billion till February during the 2023-24 fiscal, Engineering Export Promotion Council (EEPC) of India said on Tuesday. The shipments to … Read more

India set to become exporter of forged wheels used in railways: Vaishnaw | News

Business Standard

[ad_1] Sixty to seventy years after being an importer of forged wheels used in the railways, India is all set to become an exporter of the train component, Union Minister of Railways Ashwini Vaishnaw said here on Thursday. The minister, who also holds the portfolio of Electronics and Information Technology, was here to … Read more

Govt extends the interest equalisation scheme until June 30, 2024 | Economy & Policy News

Business Standard

[ad_1] The annual net subvention amount has been capped at Rs 10 crore per Importer-Exporter Code (IEC) in a given financial year The Government has announced an extension of the Interest Equalisation Scheme for pre and post-shipment rupee export credit until June 30, 2024, according to a notification by the Reserve Bank of India. … Read more

US lawmakers and apple growers celebrate export of apples to India | World News

Business Standard

[ad_1] “This is a new day in trade relations between the United States and India,” Senator Maria Cantwell told reporters in Seattle on Tuesday | Photo: Pexels US lawmakers and apple growers are celebrating the export of apples to India this year, which is 16 times more than last year after New Delhi decided … Read more