Exports Grow up by 2.44 percent to US$26.67bn in Feb 2019, Imports Fall

MoC&I Press Release dated 15th March 2019

Europe India Business Leaders to Meet in Brussels on 10 Apr for Post Brexit Collaborations

ABS News Service/14.03.2019

WTO Members Consider New Draft Texts in Second Cluster of Fisheries Subsidies Meetings

ABS News Service/13.03.2019

India Eases Plastic Scrap Import Ban

ABS News Service/12.03.2019

Brazil, Australia Initiate WTO Dispute Complaints against Indian Sugar Subsidies

ABS News Service/12.03.2019

U.S. Presses India to Stop Buying Oil from Venezuela's Maduro: Envoy

ABS News Service/12.03.2019

South Africa Launches Safeguard investigation on Threaded Fasteners of Iron or Steel

ABS News Service/12.03.2019

Perspectives and Priorities of LDCs must be Heard in Debate on WTO Future, DG Azevêdo

ABS News Service/12.03.2019

Water Efficiency Along with Power Efficiency Graded in Star Rating by BEE

·    Star Rating Programme Launched for Microwave Ovens and Washing Machines; expected to save over 3.0 Billion Units by 2030

·    National Energy Efficiency Strategy Plan 2031 – UNNATEE (Unlocking NATional Energy Efficiency potential) also Launched

ABS News Service/09.03.2019

Subhash Chandra Garg Appointed as Finance Secretary

ABS News Service/09.03.2019

Hank Yarn Proportion Reduced to 40 percent

ABS News Service/08.03.2019

Advanced Breaking System for Vehicles Must from April 2021

ABS News Service/08.03.2019

Generic Name and Warning on Drugs to be Displayed in Larger Type

Ministry of Health and Family Welfare G.S.R.187(E) dated 6th March 2019

Textiles Ministry Revises Additional Incentive for Garments and Made-up Sectors to Compensate for Unrebated Central Taxes and Levies

·   New Scheme named RoSCTL (Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups) along with State Taxes Covered under RoSL

·   Old Scheme RoSL Discontinued from 7 March 2019

·   Reimbursement to be Streamlined by Transferable Scrip on the Lines of MEIS

·   Garments under Chapter 61 and 62 in the Drawback Schedule and Made-ups in Chapter 63 Covered

·   Rates of Rebate and Value Caps Recommended by Drawback Committee to be Notified with the Value Cap

·   Textile Commissioner Out of the Picture, DGFT to issue RoSCTL Scrip with Budget from Textiles Ministry

·   Annual Rs. 6300 crores Revenue Implication

Ministry of Textile Notification dated 7th March 2019

Hydroquinone Included in Schedule H of DCR (Drugs and Cosmetics Rules)

Ministry of Health and Family Welfare Notification G.S.R.186(E) dated 6th March 2019

Amendment in Hazardous Waste (Management & Transboundary Movement) Rules, 2016

·    Plastic Waste Import in SEZ and EOU Banned

·    Movements come to a Dead Stop at Ports since Transition Arrangements to cover Prior Commitments not Covered

·    Silk Waste Exports Exempted from MoEF Clearance

·    Mismatch between Environment Rules Removed

·    Re-import of Electronic Goods within One Year of Export Allowed without CPCB Clearance for E-waste

Ministry of Environment, Forest and Climate Change Notification dated 01.03.2019

India Mulls another Postponement of Retaliatory Duties on US

·    New Date may be 1 May instead of 1 April

ABS News Service/07.03.2019

United States to Terminate GSP for India and Turkey

ABS News Service/07.03.2019

IBBI Signs Deal with IFC for Professional Training

ABS News Service/07.03.2019

Agri Exports Transport and Marketing Assistance (TMA) Notified

·    All Agri Products from Chapter 1 to 24 Covered with exception for Meat, Sea Food, Dairy, Onions, Wheat, Rice, Lac, Sugar, Molasses, Liquor and Tobacco

·    138 countries covering West Africa, Gulf, North America, South America, Russia, ASEAN, China, Far East

·    Sea Shipments through Full Container loads only, air also allowed. Both normal and reefer containers.

·    Disbursement through Regional Offices of DGFT after payment realization through direct bank transaction for freight paid

·    Detailed procedure for scrutiny of the claims to be notified

·    Current scheme only for 13 months from 1 March 2019 to 31 March 2020

PIB Press Release dated 5th March 2019

US to be Withdrawn GSP to India will Hurt $190mn

·    India Threatens to Slap Tariff on US to be Implemented on Revised date of 1 April

ABS News Service/06.03.2019

India Shrugs Off US Move to End Preferential Trade Treatment

ABS News Service/06.03.2019

US Serves 60 days Notice on GSP Withdrawal on One Third of Indian

·   FIEO Asks for Export Incentives to Compensate Benefit

FIEO Press Release dated 5th March 2019

Adani Group’s power SEZ gets Centre’s nod post norms tweak

·   Project in Jharkhand to span 425 hectares

ABS News Service/05.03.2019

India’s MSP programme for Pulses under WTO Lens

·   Canada, US Serve Counter-Notification to India

ABS News Service/05.03.2019

Jaitley Releases Compendium of Instructions on GST Refunds and Copy of the Operational Manual on Internal Audit

ABS News Service/05.03.2019

WTO Chairpersons for 2019

ABS News Service/05.03.2019

SEZ Act Amended to Allow Trusts to Enter Zones

Press Release dated 28 February 2019

National Policy on Software Products 2019 Approved

Press Release dated 28 February 2019

Aadhaar and Other Laws (Amendment) Ordinance, 2019 Approved

Press Release dated 28 February 2019

India-Korea Startup Hub Launched

Press Release dated 28 February 2019

National Mineral Policy, 2019 Approved by Cabinet

·    Industry Status to Mining Activity Granted

Press Release dated 28 February 2019

eBay Join Hands with FIEO for Promoting Retail Exports - Partnership to further Strengthen Government’s Agenda of Make in India

FIEO Press Release dated 27.02.2019

Equipment Type Approval (ETA) in Exempt Band Liberalised

·    Self-Declaration to Cover All Short Range Devices including Mobiles for Samples

·    National Digital Communication Policy 2018 to Promote Investigation

·    Licence Exemption Spectrum now Covers 5 GHz Band to 605 MHz

DoT Office Memorandum No. ETA-WPC/Policy/2018-19 dated 26th February 2019

Stainless Scrap under Heavy Price Pressure

ABS News Service/27.02.2019

Strong Start to 2019 for Steel Scrap Prices

ABS News Service/27.02.2019

National Policy on Electronics 2019 (NPE-2019)

§     Make in India

§     Digital India

§     Level playing field vis-a-vis competing nations

§     Design and Intellectual Property

§     National security

§     Large investments

§     Semiconductor fabrication

§    Modified Special Incentive Package Scheme (M-SIPS)

Ministry of Electronics and Information Technology Notification No. 26(1)/2019-IPHW dated 25th February 2019

Commerce Minister interacts with FPOs on Agri Export Policy

ABS News Service/26.02.2019

CBIC Constitutes Three Working Groups to Study and Recommend Facilitate Trade Measures

Press Release dated 23 February 2019

CEPC Srinagar Office Inaugurated by Hon'ble Textile Minister on 23 FEB 2019

ABS News Service/25.02.2019

FIEO Points Out Defects in MEIS E commerce Policy

FIEO/PUB/PR/13/19 dated 25 February 2019

Removal of Tariff Crucial to Achieve Bilateral Trade Target of USD 200 billion by 2022, Chaudhary

ABS News Service/25.02.2019

Draft “Manifest and Transhipment Regulations (Aircraft) 2019” Released

·    Dept of Revenue Invites Suggestions

ABS News Service/22.02.2019

Cabinet Approves National Policy on Electronics (NPE) 2019

·    Full Detail only after 5 days as Finance Ministry stamp required

·    Emphasis on chipsets

·    Manufacture thru ESDM, exports

·    Interest subsidy and loan guarantee to push Indian companies

·    Sovereign Patent Fund for Chips

·    Targets $400bn by 2025

·    Mobile Phones account 47.5% of product with 100 cr phones New year

·    Export Orientation

·    New Cluster Scheme

·    Common low cost components to be sold by Govt

ABS News Service/20.02.2019

Asean Expo under FICCI from 21 Feb at JLN Stadium in Delhi

ABS News Service/20.02.2019

CP Rao and Ranjan Routray Join Settlement Commission Bench

ABS News Service/20.02.2019

New Oil and Gas Policy Approved by Cabinet

ABS News Service/20.02.2019

News Bytes

ABS News Service/20.02.2019

Plumbing Exhibition in Goregaon 28 Feb- 2 Mar

ABS News Service/20.02.2019

Guidelines for the Customs Brokers’ Examination Candidates

ABS News Service/16.02.2019

Exports Grow Marginally by 3.74% in Jan, Imports too Slow Down

ABS News Service/16.02.2019

TRIPS Council Launches New Notification System, Discusses Incentives for Technology Transfer

ABS News Service/16.02.2019

Prabhu Lauds Export Initiatives

ABS News Service/16.02.2019

Indo - U.S. CEO Forum Meets in Delhi

·   US Commerce Secretary Fails to Turn Up

ABS News Service/16.02.2019

Plant Quarantine Agencies to Register under e-SANCHIT

Directorate of Plant Protection, Quarantine & Storage Faridabad Office Memorandum dated 11.02.2019

Customs Broker Exam Goes Online

·    Examination to be Conducted on 15th March, 2019 at Designated Examination Centers Across India

ABS News Service/11.02.2019

Clusters Identified for Promotion of Agri Exports

ABS News Service/08.02.2019

Commerce Ministry Invites Comments from Stakeholders on Draft National Logistics Policy

ABS News Service/08.02.2019

Commerce Secy Meets Export Promotion Councils to Boost Exports

ABS News Service/08.02.2019

Calamity Cess Put on Hold Indefinitely

ABS News Service/08.02.2019

Rate Cut will Help Exports but Declining Trend in Exports Credit to be Arrested Immediately, FIEO President

ABS News Service/08.02.2019

GST Appellate Tribunal (GSTAT) Approved by Cabinet

PIB Press Release dated 23 January 2019

Standby Swap $400mn in Overall USD2bn Facility Approved between SAARC Member

PIB Press Release dated 23rd January 2018

Commerce Ministry Invites Suggestions on Baba Kalyani Group Report on SEZ Policy

PIB Press Release dated 22nd January 2019

JNPT Emerges as Top 30 Container Port

PIB Press Release dated 22nd January 2018

India among World’s Leading Exporters of Creative Goods

ABS News Service/18.01.2019

Vegetable oil imports up 11% in December

ABS News Service/18.01.2019

Seven Member Group of Ministers (GoM) Constituted for Boosting the Real Estate Sector under the GST Regime by Providing a Composition Scheme for Residential Construction Units among others

PIB Press Release/15.01.2019

Cabinet Approves Recapitalisation of Export-Import Bank of India

ABS News Service/17.01.2019

Relief for Start-Ups; New Procedure Put in Place for ‘Angel Tax’ Exemption

ABS News Service/17.01.2019

Export Growth Slows to 0.34% in Dec 2018

MoC&I Press Release dated 15th January 2019

Trade Exhorts Minister for AA Reform with Retrospective Effect

·    Minister Notes Steep Fall in Export Credit Utilisation

ABS News Service/10.01.2019

Patent Law to Cover Monsanto Patent on Cotton Seeds

·    Nariman Sinha Overturn HC Verdict on No Patent to GM Seed

ABS News Service/10.01.2019

New Agri Export Policy Aims Doubling of Shipment in 4 Years to $60bn

ABS News Service/10.01.2019

Revenue Claims 3626 GST Evasion Cases Detected in 9 Months till Dec 2018, Recovery Rate of 66.4% in Evasion of 15278 crs

·    Analytics Directorate in CBIC Detects Cases through Data Mining

ABS News Service/10.01.2019

Four Fold Increase in Cotton Production in Last 15 Years Claimed using GM Cotton

ABS News Service/10.01.2019

Minister Claim Compulsory Neem Coating of Urea Kills Urea Diversion