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ET Economy NEWS Powered by SC seeks reply from Centre, 61 firms on PIL alleging duty evasion in iron ore exports to China SECTIONS SC seeks reply from Centre, 61 firms on PIL alleging duty evasion in iron ore exports to ChinaPTI Last Updated: Jan 15, 2021, 05:54 PM IST Share Synopsis A bench headed by Chief Justice S A Bobde took note of the submissions of lawyer and PIL petitioner M L Sharma that the companies be prosecuted for alleged evasion of export duty by declaring wrong tariff code to export the iron ore under the Foreign Trade (Development and Reg...

Earlier, the Centre had imposed a ban on the export of onions on September 14, 2020. The Ministry of Commerce and Industry issued a release regarding the amendment in export policy of onions in which it said: "In exercise of powers conferred by section 3 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with para 1.02 and 2.01 of the Foreign Trade Policy, 2015-20, the central government hereby makes an amendment in the September 14 notification amending the export policy of onion. The onions, including Bangalore Rose onions and Krishnapuram onions, have been all...

Government lifts ban on onion export from January 1 ANI | Updated: Dec 28, 2020 23:23 IST New Delhi [India], December 28 (ANI): The central government on Monday removed prohibition for the export of all varieties of onions with effect from January 1, 2021. Earlier, the Centre had imposed a ban on the export of onions on September 14, 2020. The Ministry of Commerce and Industry issued a release regarding the amendment in export policy of onions in which it said: "In exercise of powers conferred by section 3 of the Foreign Trade (Development and Regulation)...

Synopsis The Directorate General of Foreign Trade (DGFT) has sought the undertaking from importers that are also required to furnish records for the past three years. Reuters Failure to do so will attract penalties as New Delhi seeks to curb imports and push local manufacturing. Mumbai: Traders seeking tyre import licences must submit an undertaking that they will only purchase those tyres sizes not made locally. Failure to do so will attract penalties as New Delhi seeks to curb imports and push local manufacturing. The Directorate General of Foreign Trade (DGFT) has sought the undertaking f...