Undervaluing imports could trigger 1-2 years of extra obligations

Undervaluing imports could trigger 1-2 years of extra obligations

The Central Board of Indirect Taxes and Customs issues draft rules to operationalise Customs Act changes announced in Budget 2022-23 The Central Board of Indirect Taxes and Customs issues draft rules to operationalise Customs Act changes announced in Budget 2022-23 Importers found to be under-declaring the value of shipments will face additional obligations for at […]

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Exports grow 16.8%; merchandise trade deficit hit fresh high in June

Exports grow 16.8%; merchandise trade deficit hit fresh high in June

Imports surged sharply by over 51% to $63.6 billion. Imports surged sharply by over 51% to $63.6 billion. Merchandise trade deficit hit a fresh high of $25.63 billion in June, as per preliminary trade data, surpassing the previous record of $ 24.3 billion in May this year. Exports grew at 16.8% year on year in […]

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Manufacturing recovery strengthens in April, but costs surge

Manufacturing recovery strengthens in April, but costs surge

S&P Global India Manufacturing PMI signals producers passed on costs to consumers at the sharpest pace in a year S&P Global India Manufacturing PMI signals producers passed on costs to consumers at the sharpest pace in a year India’s manufacturing sector recorded an acceleration in new orders and output in April, as per the S&P […]

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