Govt frees exports of all APIs, formulations except paracetamol

News:Directorate General of Foreign Trade (DGFT) removed the export restrictions on 24 active pharmaceutical ingredients (API) and formulations. These include Vitamins B6, B1, B12, Neomycin, Erythromycin among others.  Facts: Background: Amid COVID-19 pandemic, the government had earlier restricted exports of 26 bulk drugs and their formulations to curb shortages in India.  Additional Facts: Directorate General… Continue reading Govt frees exports of all APIs, formulations except paracetamol

Commerce Minister addresses meeting of Board of Trade & Council for Trade Development and Promotion

Commerce minister has addressed a joint meeting of the Board of Trade and the Council of Trade Development and Promotion.The meeting was organised by the Ministry of Commerce and Industry and the Directorate General of Foreign Trade(DGFT). The minister has urged the representatives of industry,trade and exports bodies to reduce dependency on subsidies and grants… Continue reading Commerce Minister addresses meeting of Board of Trade & Council for Trade Development and Promotion

Draft export policy unveiled

The Commerce Ministry has released a draft export policy.The draft policy is aimed at consolidating the export norms for each product as applicable at different government agencies. Every product has been accorded eight digit HS codes. ITC(HS) codes are better known as Indian Trade Clarification (ITC) and are based on the Harmonized System (HS) of… Continue reading Draft export policy unveiled