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Interest subsidy scheme for exporters extended 2 months for MSME sector
The two-month continuation of the scheme for the MSME sector comes with an outlay cap of Rs 7.5 billion, while all other terms and conditions remain the same.Read more
DGFT asks export bodies for inputs on efficacy of interest equalisation scheme
The study is to help the department assess the key gaps and make necessary recommendations to ensure seamless facilitation of trade finance in India.Read more
Exporter Status certificates to be issued automatically on available data
Under the new system, introduced during a meeting with Commerce and Industry Minister Piyush Goyal and Export Promotion Councils, exporters no longer need to apply to the Directorate General of Foreign Trade (DGFT) for a Status Certificate.Read more
Ministry of Commerce & Industry unveils Trade Facilitation Mobile App
The app is first-of-its-kind initiative to boost small exporters to obtain faster clearances, certifications and approvals.Read more
Loophole closed: DGFT disallows tyre imports via DFIA route
The DFIA was the only remaining loophole which allowed the import of tyres, rest were curbed in June by DGFT.Read more
Government caps MEIS benefits to Rs 2 crores
The government has announced discontinuation of MEIS as a new WTO-compliant scheme, the Remission of Duties or Taxes On Export Product (RoDTEP) which will replace starting 1 January, 2021. Read more
Outlook for Indian rubber industry is positive
Rubber finds application in number of products, which are used in all industries. India is the third largest producer and fourth largest consumer of natural rubber in the world and also the fifth largest consumer of natural rubber & synthetic rubber put together. In this interaction with IPF, Kamal K Chowdhury, President, The All India Rubber Industries Association (AIRIA), discusses latest demand trend and India’s position in the global rubber industries market.Read more