Textile exporters who import certain varieties of polyester fibre or yarn that come under mandatory Quality Control Order (QCO) under Advance Authorisation scheme now have 18 months time to fulfil the export obligation. The Central government said on Thursday that the export obligation period against import of products that are subjected to mandatory QCO by […]
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Tesla will open its first India showroom in Mumbai next week, having imported $1 million worth of cars and merchandise, marking its entry into the world’s third-largest car market despite CEO Elon Musk’s complaints about high import tariffs. In an invitation to media late Thursday, the carmaker said the July 15 event was the “launch […]
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India’s foreign trade is expected to cross the $1.6 trillion mark this fiscal despite global economic uncertainties, economic think tank GTRI said in a report. The Global Trade Research Initiative (GTRI) said the $1.6 trillion would be about 48 per cent of India’s nominal GDP of $3.4 trillion for the fiscal year ending March 2023. […]
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China’s overall export performance in June showed a recovery, up 13.2%, with total trade up 14.3% in June China’s overall export performance in June showed a recovery, up 13.2%, with total trade up 14.3% in June India’s imports from China reached a record $57.51 billion in the first half of the year, according to China’s […]
Continue ReadingCollections were 44% higher than May 2021, but 15.9% below April’s record kitty Collections were 44% higher than May 2021, but 15.9% below April’s record kitty India’s gross Goods and Services Tax (GST) revenues in May were 44% higher than a year ago at ₹1,40,885 crore, with receipts from domestic transactions and services imports rising […]
Continue ReadingCollections were 44% higher than May 2021, but 15.9% below April’s record kitty Collections were 44% higher than May 2021, but 15.9% below April’s record kitty India’s gross Goods and Services Tax (GST) revenues in May were 44% higher than a year ago at ₹1,40,885 crore, with receipts from domestic transactions and services imports rising […]
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