The government on Wednesday operationalised inventory-based e-commerce exclusively for exports, requiring interested firms to conduct business through a registered entity as an exporter-on-record (EOR), which can procure goods domestically only against confirmed overseas orders.
The government on Tuesday told Parliament that the Directorate General of Foreign Trade (DGFT) and the Central Board of Indirect Taxes and Customs (CBIC) maintain regular coordination and electronic data exchange to ensure smooth implementation of export promotion schemes.
DRI has intensified its crackdown on gold smuggling syndicates, resulting in the seizure of over 27 kilograms of foreign-origin smuggled gold and the arrest of 12 persons.
India has reinstated a 7.5 percent customs duty on a wide range of petrochemical imports after the expiration of a temporary exemption, raising fresh questions for manufacturers and downstream industries dependent on these critical inputs.
Two downstream aluminium industry bodies have urged the Ministry of Mines to reduce the effective Customs duty on primary aluminium, saying the current tariff structure has enabled import-parity pricing by domestic producers, raising input costs and eroding the profitability of micro, small and medium enterprises (MSMEs).
There is a growing concern in Indian industry about the opacity in the imposition of Anti-dumping duty (ADD).
ED has conducted searches at 20 locations across Assam, Mizoram, West Bengal and Uttar Pradesh in connection with an alleged organised syndicate involved in smuggling foreign-origin areca nuts
Commerce ministry has convened a meeting of stakeholders on June 30 to discuss issues related to special economic zones (SEZs), including reforms aimed at harmonising export promotion schemes and easing business operations in the enclaves.
US Treasury Secretary Scott Bessent said tariff rates could return to their previous levels if ongoing Section 301 investigations conclude successfully, signaling the Trump administration intends to preserve much of its tariff framework even after shifting away from emergency powers.
Exporters flagged delays in EPCG and Advance Authorisation approvals, difficulties in updating Importer-Exporter Code profiles, customs clearance backlogs, digital signatures on online portals, and pending Integrated Goods and Services Tax (IGST) refunds.
