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What is 3-star export house certification and how does it benefit the firm?

What is 3-star export house certification and how does it benefit the firm?

Tue, Jan 09, 2024

The exporter of goods or services is eligible to obtain the certificate only after reaching a specified minimum export performance in the current and previous two financial years.

US biggest export destination for Indian smartphones in Apr-Jul; UAE 2nd: Govt data

US biggest export destination for Indian smartphones in Apr-Jul; UAE 2nd: Govt data

Sun, Oct 08, 2023

The smartphone exports to the US jumped multiple times to USD 1.67 billion during the first four months of this fiscal against USD 284.6 million a year ago, the commerce ministry data showed. The US accounted for one-third of the shipments in value terms.

AA Plus Tradelink secures fresh export orders, collaborates with CNX Corporation

AA Plus Tradelink secures fresh export orders, collaborates with CNX Corporation

Thu, Sep 14, 2023

CNX Corporation is a commodity trading entity which focuses on providing solutions in commodity and collateral management.

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Tea exports down by 14 per cent in first seven months of 2021

Tea exports down by 14 per cent in first seven months of 2021

Mon, Oct 18, 2021

Exports of tea from India registered a fall of around 14.4 per cent in the first seven months of 2021.

India's quarterly exports exceed $100 billion for the first time: Ministry of Commerce and Industry

India's quarterly exports exceed $100 billion for the first time: Ministry of Commerce and Industry

Sat, Oct 02, 2021

India`s exports for the first time exceeded USD 100 billion mark in the quarter ending September, said the Ministry of Commerce and Industry on Saturday

BIG NEWS for Exporters! Dues worth Rs 50,000 cr likely to be cleared SOON, Commerce Secretary B.V.R. Subrahmanyam tells Zee Business

BIG NEWS for Exporters! Dues worth Rs 50,000 cr likely to be cleared SOON, Commerce Secretary B.V.R. Subrahmanyam tells Zee Business

Mon, Sep 06, 2021

BIG NEWS for the Indian exporters as the Narendra Modi Government is likely to soon clear dues of the stuck. The information was revealed by Commerce Secretary B.V.R. Subrahmanyam to Zee Business reporter Saurabh Pandey. The exporters have been urging the government to look in to the matter for months now

Hike in fares of shipping containers: Know the reasons behind it and impact on exporters

Hike in fares of shipping containers: Know the reasons behind it and impact on exporters

Fri, Sep 03, 2021

The Covid-19 pandemic has badly affected the economy of the world including India, and import-export is one of the most affected sectors.

GOOD NEWS: Engineering exports jump 70% in March

GOOD NEWS: Engineering exports jump 70% in March

Sat, Apr 03, 2021

In a major rebound of trade since the onset of the Covid-19 pandemic, exports of engineering goods from the country recorded an impressive 70.28 per cent growth in March.

'India can become global PPE hub, more R&D efforts needed'

'India can become global PPE hub, more R&D efforts needed'

Sun, Oct 18, 2020

Within six to seven months, India has become a major manufacturer of personal protective equipment (PPE) kits and even started catering to the global demand, a report said and suggested that India holds the potential to become a global hub for PPE kits.

Trade bodies urge Centre to set up shipping regulator to control surging freight charges

Trade bodies urge Centre to set up shipping regulator to control surging freight charges

Sat, Oct 10, 2020

Several trade bodies have urged the Centre to set up a regulator to deal with the rising freight charges, amid the problem of container shortages that exporters are facing.

RBI's decision to discontinue automatic caution-listing a big relief, say exporters

RBI's decision to discontinue automatic caution-listing a big relief, say exporters

Sat, Oct 10, 2020

The Reserve Bank's decision to discontinue the system-based automatic caution-listing of exporters is a big relief to the industry at a time when the trading community is battling the hardships of the COVID-19 pandemic, say exporters

Aatmanirbhar Bharat: 'India needs to move beyond exporting raw materials'

Aatmanirbhar Bharat: 'India needs to move beyond exporting raw materials'

Sun, Oct 04, 2020

Union minister Piyush Goyal has said that India needs to move beyond exporting raw materials and improve its manufacturing capabilities to supply high-quality products to the world.

Exporters alert! Limit imposed on total rewards under Merchandise Exports from India Scheme - All details here

Exporters alert! Limit imposed on total rewards under Merchandise Exports from India Scheme - All details here

Wed, Sep 02, 2020

As per the latest development from the Ministry of Commerce and Industry, a limit has been imposed on total rewards under the Merchandise Exports from India Scheme (MEIS).

Niti Aayog's Export Preparedness Index 2020: Gujarat tops! Check rankings of other states

Niti Aayog's Export Preparedness Index 2020: Gujarat tops! Check rankings of other states

Wed, Aug 26, 2020

In a major development, NITI Aayog in partnership with the Institute of Competitiveness released the Export Preparedness Index (EPI) 2020 on Wednesday.

Revenue dept plans stern action against 1,417 untraceable 'risky exporters'

Revenue dept plans stern action against 1,417 untraceable 'risky exporters'

Mon, Jul 27, 2020

The revenue department is planning stern action against 1,474 'risky exporters' who were untraceable but claimed GST refunds worth Rs 2,029 crore, sources said. Integrated GST (IGST)?refund is suspended?in all such cases where there is adverse report post verification about the exporter or his suppliers, they said

Exporters, importers alert! Beware of fake websites charging fees, collecting your confidential data

Exporters, importers alert! Beware of fake websites charging fees, collecting your confidential data

Tue, Jun 16, 2020

It's a piece of important information for traders involved in export, import business!

Software Technology Parks of India-registered IT firms log Rs 4.21 lakh cr of exports in FY20

Software Technology Parks of India-registered IT firms log Rs 4.21 lakh cr of exports in FY20

Sun, Jun 07, 2020

STPI, an autonomous society under the Ministry of Electronics and Information Technology (MeitY), observed its 29th Foundation Day on Friday.

Exports to Bangladesh set to resume through Bengal's Petrapole land port

Exports to Bangladesh set to resume through Bengal's Petrapole land port

Sun, Jun 07, 2020

Exports to Bangladesh are set to resume through West Bengal's Petrapole land port after traders agreed to create a pool of local drivers, who will deliver consignments to the neighbouring country and stay in isolation after returning, an official said on Saturday.

Export Credit Guarantee Corporation to clear all pending claims of exporters in 4 months

Export Credit Guarantee Corporation to clear all pending claims of exporters in 4 months

Sun, Jun 07, 2020

The Export Credit Guarantee Corporation of India (ECGC) on Friday said it will clear all pending claims of apparel exporters in the next four months, even as it faces an exposure of Rs 100 crore in UK's Laura Ashley and USA's J.C. Penney, two large retail store chains that have gone bankrupt.

12 champion sectors! What Modi government is doing to make India a manufacturing hub - Details revealed

12 champion sectors! What Modi government is doing to make India a manufacturing hub - Details revealed

Sun, May 03, 2020

It seems Modi government is leaving no stone unturned to make India a manufacturing hub!

Government eases export curbs on 24 pharma ingredients, medicines, including vitamin B1 and B12

Government eases export curbs on 24 pharma ingredients, medicines, including vitamin B1 and B12

Tue, Apr 07, 2020

"24 APIs and formulations made from these APIs are made free for export with immediate effect," the DGFT said. With this, export of these items is allowed freely without any restrictions.

Government puts export restrictions on 26 pharma ingredients, medicines

Government puts export restrictions on 26 pharma ingredients, medicines

Tue, Mar 03, 2020

"Export of specified APIs and formulations made from these APIs... Is hereby restricted with immediate effect and till further orders," the DGFT said in a notification. API is raw material for pharmaceuticals.

Mega meet! What Modi government is doing to boost exports - Marathon 5-hour discussion details

Mega meet! What Modi government is doing to boost exports - Marathon 5-hour discussion details

Sat, Dec 21, 2019

As per the statement, the EPCs, FIEO and Commodity Boards gave their feedback on the various initiatives being taken by the ministry to ease lending and credit availability to exporters.

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