Harmonised System of Nomenclature(HSN) code

News:Union Minister of Commerce & Industry has said that no imports will be allowed into the country without HSN code. Facts: Why stricter regulations? The minister said that the free trade agreements(FTA) of India with other countries has not led to the growth of India’s trade because of the poor quality of the products and… Continue reading Harmonised System of Nomenclature(HSN) code

Refurbished mobile imports certified by BIS get govt nod

India has decided to allow the import of refurbished or second mobile phones subject to the condition that they are certified by the Bureau of Indian Standards (BIS). Earlier,the government was against the import of refurbished electronics products into the country.It feared that companies may use it to dump hazardous electronic waste.Also,it would negate the… Continue reading Refurbished mobile imports certified by BIS get govt nod

Exports outpace imports at 11% in March

According to data released by the commerce and Industry ministry, India’s trade deficit has reduced to $10.89 billion in March,2019 due to rise in exports. The exports has increased by 11% in March from a year earlier,while imports were up by 1.44% during the same period. The rise in exports was driven by higher growth… Continue reading Exports outpace imports at 11% in March

India’s imports from China decelerating, says report

According to the PHD Chamber of Commerce and Industry,India’s imports from China stood at USD 46 billion during the April-January period of 2018-19 from USD 53 billion in the same period a year ago. The chamber has said that India has seen an increase in its exports to China during the last few months whereas… Continue reading India’s imports from China decelerating, says report