Posts Tagged ‘exports India’

Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified

Comments Off | 06-12-2013

In excise of the powers conferred by section 14 of the Customs  Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC) hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue ) No. 59/2013-CUSTOMS (N.T.) dated the

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Government Takes Action for Complying with New Standards for Import of Bulk Drugs into EU

Comments Off | 05-23-2013

The Government of India has demonstrated its keenness to meet international requirements for exports of pharmaceutical products yet again by taking timely action for complying with the new procedural requirements of the European Union (EU) for import of Active Pharmaceutical Ingredients (APIs) into the EU. APIs are commonly referred to as bulk drugs in the

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Committee on Export Promotion

Comments Off | 04-29-2013

A Technical Committee on Services I Facilities to Exporters has been constituted under the chairmanship of Shri G Padmanabhan, Executive Director Reserve Bank of India (RBI). The Committee has representation from the EXIM Bank, Export Credit Guarantee Corporation (ECGC), Federation of Indian Export Organization (FIEO), Indian Banks` Association (IBA), Foreign Exchange Dealers Association of India

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Schemes Implemented by MPEDA to Boost Export

Comments Off | 04-29-2013

The Government established The Marine Products Export Development Authority (MPEDA) in 1972 to promote the export of marine products.

MPEDA has taken appropriate steps to boost export by effectively          implementing a number of schemes.

The details of the schemes are mentioned in the Annexure. The details of exports are given below:-

TOTAL EXPORT OF MARINE

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Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified

Comments Off | 03-8-2013

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.23/2013-CUSTOMS (N.T.), dated the 21st February, 2013 vide number S.O.424 (E), dated the 21st February,

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Product and Destination Diversification to Improve Exports

Comments Off | 02-27-2013

The Government of India continuously monitors the export performance of different sectors and takes need based measures from time to time, keeping in view the financial and overall economic implications. In furtherance of the above strategy, the Government had introduced Focus Market and Focus Products Schemes to encourage exports of traditional as well as non-traditional

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Anand Sharma Honours Exporters with AEPC’s Excellence Award

Comments Off | 02-24-2013

The Union Minister for Commerce, Industry & Textiles Shri Anand Sharma presented Apparel Export Promotion Council’s (AEPC) Export Excellence Award and Lifetime Achievement Award here on 22nd February, 2013. Chief Guest Shri Sharma while speaking during the occasion said that “apparel symbolises the main driver for the entire textile value chain. The importance of the

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Approval for partially allowing export of certain edible oils

Comments Off | 01-31-2013

The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Commerce for partially allowing export of certain edible oils as per the following:
(i) Export of edible oil from Domestic Tariff Area (DTA) to Special Economic Zones (SEZs) to be consumed by SEZ units for manufacture of processed food products.
(ii) Allowing export

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Export as Basis of Economic Development

Comments Off | 12-19-2012

Exports have always played an important role in the economic development of most countries. This is evident even in Indian case from the continuous upward movement of percentage share of merchandise exports in the overall GDP of India from 13.9 percent in 2009-10 to 16.0 percent in 2010-11 and 17.7 percent

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Targets Set for Exports

Comments Off | 12-7-2012

The export target for the year 2011-12 has been achieved. In 2011-12 the rate of annual growth of exports was approximately 15%. The data for April-September 2012 shows slowdown in export.
The growth of export to West Asia – GCC, other West Asian Countries, ASEAN, other South Asian countries in the year 2011-12 was 6.79%, 22.89%,

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