Indian government removes export curbs on all diagnostic kits

With Covid-19 cases coming down in the country, the government removed export curbs on all diagnostic kits and reagents including instruments, which are used in detection of coronavirus infections. Continue Reading

India restricts imports of tyres

The government has restricted imports of tyres used for cars, buses, lorries and motorcycles, including radial and tubeless, in a move aimed at curbing imports and boosting domestic companies. Continue Reading

‘Tears of joy for merchants; govt allows onion export till 30 November

The government allowed exports of the Bangalore rose variety of onion with certain conditions until 30 November, giving relief to the producers of this specific commodity in Karnataka. Continue Reading

Export incentive scheme MEIS has not been discontinued

Under Merchandise Exports from India Scheme (MEIS), the government provides duty benefits depending on product and country. Rewards under the scheme are payable as percentage of realised free-on-board value and MEIS duty credit scrip can be transferred or used for payment of a number of duties including the basic customs duty. Continue Reading