Customs duties
CAROTAR Rules, 2020
CAROTAR is Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020. It came into force in September, 2020. These rules are set of guidelines that enforce the “rules of origin” for the rate on imports under Free Trade ..
Month: Current Affairs - December, 2020
USA- France trade dispute
The tariff dispute between USA and France has started affecting bilateral trade. Recently, USA threatened to impose a 100% tariff on French imports such as wine, cheese and handbags. The threat comes in light of the recently announced French digital ..
Steel Import Monitoring System Launched
The Ministry of Commerce and Industries has launched a steel import monitoring system (SIMS) to provide advance information about steel imports. Steel Import Monitoring System The system has been developed by the Ministry of Commerce and Industries in consultation with the Ministry ..
Ministry of Finance conducts India’s first national Time Release Study (TRS)
The Department of Revenue under the Ministry of Finance is conducting India’s first national Time Release Study (TRS) between 1st – 7th August to enable faster movement of cargo across borders to benefit traders. The exercise will be institutionalized on ..
National Time Release Study
For the first time the Ministry of Finance conducting national Time Release Study (TRS) as part of its strategic commitment for improving global trade. Time Release Study TRS is an internationally recognized tool advocated by World Customs Organization to measure ..
Imports from Pakistan to India decline by 92% in March 2019
Imports from Pakistan to India have declined by 92% amounting to USD 2.84 Million in March 2019 after imposition of 200% customs duties on all products. The strong economic action against Pakistan was taken following Pulwama terror attack. Key Highlights ..
Month: Current Affairs - June, 2019