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After pandemic blows in 2020, exports may rebound in new year However, the uncertain global trade situation due to rising protectionism, which adversely impacted exports in 2019, could have a bearing on the country''s outbound shipments in the coming months. PTI December 31, 2020 / 12:29 PM IST After being severely hit by the COVID-19 pandemic this year, the country''s exports growth is expected to rebound in 2021 on the back of recovery in economic activities and demand worldwide. However, the uncertain global trade situation due to rising prot...

After being severely hit by the COVID-19 pandemic this year, the country's exports growth is expected to rebound in 2021 on the back of recovery in economic activities and demand worldwide. However, the uncertain global trade situation due to rising protectionism, which adversely impacted exports in 2019, could have a bearing on the country's outbound shipments in the coming months. Exporters' community is hopeful that outbound shipments would start recording healthy growth rates from April 2021, helped by growth in demand in developed as well as developing countries, and effective COVID-1...

Synopsis “We are suggesting that import duty should be capped on either 20% or Rs 4000 of the bill value of a device, whichever is higher. This is because in high-end phones, import duty is creating a large arbitrage and promoting the grey market of these devices,” a senior industry executive told ET. Getty Images New Delhi: India’s apex electronics makers body has urged the government to reduce the 20% basic customs duty on mobile phones, because of large scale manufacturing of handsets in India, imports are no longer a threat and the industry has the strength to face competition. “...

Govt may extend MEIS for exporters as RoDTEP rates still being fixed December 28, 2020 The RoDTEP scheme aims at refunding indirect taxes paid by exporters on inputs, and would also replace the popular Merchandise Export from India Scheme (MEIS) that is incompatible with WTO norms istock.com/ugurhan The RoDTEP scheme aims at refunding indirect taxes paid by exporters on inputs, and would also replace the popular Merchandise Export from India Scheme (MEIS) that is incompatible with WTO norms istock.com/ugurhan× Scheme may run till March 31, 2021 The Centre my decide to extend the popular Mer...

Exporters see order books improving, but want more measures from govt December 23, 2020 Challenges ahead Total exports during April-November 2020-21 were $173.66 billion, 17.76 per cent lower than exports in the comparable period last year. The imports were 33.5 per cent lower at $215.69 billion   -  Getty Images/iStockphoto Challenges ahead Total exports during April-November 2020-21 were $173.66 billion, 17.76 per cent lower than exports in the comparable period last year. The imports were 33.5 per cent lower at $215.69 billion   -  Getty Images/iStockphoto× Seek prompt refunds, cheap...