A difference of opinion between National Cooperative Exports Ltd (NCEL) and Singapore’s aggregator will likely leave the island-nation facing shortage of rice by June, say trade sources. Compounding things for the South-East Asian country is the tightening of procedures by Customs officials in Chennai and Thoothukudi VOC Chidambaranar ports. In view of the tightening, only … Read more
The Central Board of Indirect Taxes & Customs (CBIC) has prescribed measures to empower women to contribute meaningfully to the global economy. These include greater representation for women in trade bodies, besides providing gender specific infrastructure at customs posts. Also read: Leverage technology to provide better taxpayer services, FM tells GST officials The board came … Read more
The 13th WTO Ministerial Conference in Abu Dhabi collapsed in the late hours of March 1, more than a day after its scheduled closure, failing to produce an agreement in either fisheries or agriculture. But, countries agreed to extend the e-commerce moratorium on customs duties for two years for one last time. Also read: WTO … Read more
The Commerce Ministry has decided to extend export benefits under the RoDTEP scheme for companies in the special economic zones (SEZs) and export oriented units (EOUs). This decision was communicated to the Director General of Foreign Trade (DGFT) on February 16. The DGFT may issue a formal notification soon amending the foreign trade policy on … Read more