Export Rules

Nvidia expands reach in China's EV sector despite tighter US export rules

Chinese automakers Li Auto, Great Wall Motor , Zeekr and the new EV unit of Chinese telecommunications company Xiaomi will use Nvidia's DRIVE technology to power automated driving

Commerce ministry proposes new bye-laws for election of EPCs, FIEO

The commerce ministry has proposed revised election bye-laws for all export promotion councils (EPCs) including apex exporters' body FIEO, under which a chairman will hold office for two years and will not be eligible for the immediate next election. The revised model articles of associations/bye-laws for EPCs and Federation of Indian Export Organisations (FIEO) are required to be adopted by these bodies and conduct elections of their office-bearers. The model bye-laws have already been circulated to all these councils and organisations for adoption. This was proposed by a three-member panel set up by the ministry in May to review the eligibility criteria for the election to make them more inclusive and representative. It was reviewing the eligibility criteria for the election of office bearers of EPCs and FIEO. The panel reviewed the existing guidelines and made suitable recommendations about representation of different stakeholders in the managing committee and other posts. Afte

Govt extends time for accreditation of halal certification bodies till Apr

The government on Friday extended the time period for accreditation of halal certification bodies and registration of export units by six months till April 5, 2024. On April 6 this year, the Directorate General of Foreign Trade (DGFT) notified policy conditions for halal certification process for meat and meat products while directing the existing bodies to seek accreditation from National Accreditation Board for Certification Bodies (NABCB) for i-CAS (Indian Conformity Assessment Scheme) Halal in six months. "Time period for accreditation of halal certification bodies and registration of export units have been extended by a period of six months i.e., up to April 5, 2024," the DGFT said in a notification. DGFT is an arm of the ministry which deals with exports and import-related issues. As per the guidelines, meat and its products are allowed to be exported as 'halal certified' only if they are produced, processed and packaged in a facility having a valid certificate issued by a bo

FinMin applies amnesty scheme for traders failing to meet export obligation

The finance ministry has operationalised the amnesty scheme for traders who defaulted in export obligation under the Advance and EPCG authorisation scheme. As per the amnesty scheme, which was announced in the Foreign Trade Policy on March 31, EXIM traders who failed to meet the export obligation under the Advance and EPCG (export promotion for capital goods) authorisation scheme can come clean by paying customs duty and interest, subject to a ceiling of 100 per cent. The Central Board of Indirect Taxes and Customs (CBIC) asked principal commissioners/commissioners to ensure that the exporters approaching for paying the duty, etc. are registered with the Directorate General of Foreign Trade (DGFT). "These cases under the scheme be monitored and tracked so that there is efficient handling and expeditious closure of these old cases of bona fide default in a seamless manner," the CBIC said in a circulate dated May 17. The authorisation holder choosing to avail this scheme will have to

China slams US for export controls on chips, calls it violation of rules

China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will isolate and backfire on the U.S. Out of the need to maintain its sci-tech hegemony, the U.S. abuses export control measures to maliciously block and suppress Chinese companies, said Foreign Ministry spokeswoman Mao Ning. It will not only damage the legitimate rights and interests of Chinese companies, but also affect American companies' interests, she said. Mao also said that the U.S. weaponization and politicization of science and technology as well as economic and trade issues will not stop China's progress. She was speaking after the U.S. on Friday updated export controls that included adding certain advanced, high-performance computing chips and semiconductor manufacturing equipment to its list, as well as new license requirements for ite

Expedite sugar export policy, need to do 8 mn tonnes next yr: ISMA to govt

The apex sugar body has urged the govt to not experiment with a new export system

Exporters of wheat flour, maida need quality certificate for shipments

In July, the DGFT, under the commerce ministry, had stated that exporters of these commodities would need approval of the inter-ministerial committee) on export of wheat for the shipments

After wheat, India now curbs the export of wheat flour and related products

The Centre has made it mandatory for all exporters to seek prior permission from the inter-ministerial committee on wheat export before undertaking any outbound shipment

US adds 5 Chinese companies to export restrictions list over rights abuses

The United States has put five Chinese companies on its Entity List that restricts their ability to receive exports, over human rights abuses in China's Xinjiang province

Govt puts Rs 2 crore cap on exports promotion scheme, sparks protests

Exporters fume as notification by Commerce Department confirms January 1, 2021 as end date for scheme

Government lifts condition restricting export incentive under GST

Earlier, the DGFT and the customs department had imposed a condition that the advance authorisation scheme would be available to exporters only if imports have been undertaken by them

GST: CBEC's tardiness on export rules

CBEC should now clarify the pending issues and allow exports to proceed