CBIC: Easing availability of containers for exporters

The CBIC issued Instruction No. 20/2021-Customs dated September 10, 2021 w.r.t. easing availability of containers for exporters. The CBIC has taken various measures over last year related to the subject cited above including the Special drive for disposal of unclaimed/uncleared/ seized/ confiscated goods vide Instruction No. 17/2020- Customs dated August 10, 2020 which has enabled disposal of […]

In April, India’s oil imports remained flat month on month.

Due to a slowdown in demand as a result of Covid-19-induced mobility restrictions in various parts of the country, India’s crude imports have plateaued in April 2021. According to Petroleum Planning and Analysis Cell (PPAC) data, India imported 18.26 million tonnes (mt) of crude oil paying about $8.5 billion in April 2021, almost the same […]

The government should reconsider its import duties on chickpeas and lentils, according to the IPGA.

The Indian Pulses and Grains Association (IPGA) said on Wednesday that India’s supply-demand situation for chickpeas (chana) and lentils (masoor dal) is tight, and the government should revisit import duties on these two pulses to encourage overseas purchases in the coming months. The world’s largest importer of chickpeas and lentils currently charges a 50% tariff […]

In FY21, India exports a record 20 MT of rice and wheat.

Indian cereal exports, particularly wheat exports, became more profitable as world prices rose. The global cereal price index of the United Nations Food and Agriculture Organization is currently at 125.1, the highest level since May 2014. Despite the Covid blues, India exported a record 19.8 million tonne (MT) of rice and wheat in FY21, owing […]

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