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    December 30, 2022
    Mumbai Customs destructs seized drugs worth Rs. 538 crores in illicit market
    December 30, 2022
    Agricultural and processed food products exports up by 16% to USD 17.43 billion for period April-November FY 22-23 compared to same period last year
    December 23, 2022
    Shri Piyush Goyal meets His Excellency Mr. Tipu Munshi, Commerce Minister, Government of Bangladesh in Delhi
    December 16, 2022
    Measures taken by Government to boost exports
    December 16, 2022
    India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) to come into force on 29 December 2022
    December 16, 2022
    Year End Review 2022 for Department of Commerce, Ministry of Commerce and Industry
    December 16, 2022
    INDIA’S FOREIGN TRADE: November 2022
    December 14, 2022
    Shri Piyush Goyal meets UK’s Secretary of State, Ms. Kemi Badenoch to discuss India-UK FTA negotiations
    December 9, 2022
    Steps taken by centre to reduce import reliance
    December 9, 2022
    Under the District as Export Hub (DEH) initiative, products including agricultural products with export potential identified in all 733 districts of t...
    December 9, 2022
    Department of Commerce amends SEZ rules to liberalize Work From Home (WFH) for SEZ units
    December 8, 2022
    Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme gets extended to Chemicals, Pharmaceuticals and Articles of Iron & Steel from 15.12...
    December 7, 2022
    Export of total number of automobiles increased from 41,34,047 in 2020-21 to 56,17,246 in 2021-22, registering a positive growth of 35.9%
    December 7, 2022
    One District One Product (ODOP) initiative operationally merged with ‘Districts as Export Hub (DEH)’ initiative
    December 5, 2022
    Union Finance Minister Smt. Nirmala Sitharaman inaugurates DRI’s 65th Founding Day Celebrations
    December 5, 2022
    DRI to celebrate 65th Founding Day
    December 2, 2022
    Workshop-cum-Buyer Seller Meet (BSM) organized in Aizawl to promote organic agricultural products of Mizoram and North Eastern Region (NER)
    December 1, 2022
    Exchange Rate Notification No. 101/2022 - Customs (N.T.)
    December 1, 2022
    India and Australia exchange written notifications; Ind-AUS ECTA to enter into force on 29 December 2022
    November 25, 2022
    India-Gulf Cooperation Council (GCC) decide to pursue resumption of Free Trade Agreement (FTA) Negotiations
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    News
    All› Customs, DGFT & SEZ › Customs, DGFT & SEZ - 2022
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    December 30, 2022
    Mumbai Customs destructs seized drugs worth Rs. 538 crores in illicit market
    Show AI Summary
    Destruction of seized narcotics: confiscated drugs incinerated under NDPS and customs rules to prevent environmental harm.
    Mumbai Customs Zone-III incinerated seized heroin and hashish seized across multiple commissionerates, invoking culpability under Section 8 of the NDPS Act, 1985 with punishments under the NDPS Act read with Customs Act provisions. The release describes concealment methods (false cavities, ingestion), investigative measures (sniffer dogs, inter-agency seizures), and states that incineration was conducted in an authorized facility with standardized pollution control devices, consistent with international anti trafficking cooperation obligations.
    December 30, 2022
    Agricultural and processed food products exports up by 16% to USD 17.43 billion for period April-November FY 22-23 compared to same period last year
    Show AI Summary
    Agricultural exports growth drives sectoral recovery, achieving most of the annual export target through APEDA promotion measures.
    Exports of agricultural and processed food products grew 16 percent in April-November 2022-23 to USD 17.43 billion (provisional DGCI&S data), achieving 74 percent of the sector's USD 23.56 billion annual target. Major contributors included processed fruits and vegetables, pulses, basmati and non-basmati rice, cereals, dairy, poultry and wheat, with APEDA export-promotion measures-B2B exhibitions, marketing campaigns, embassy engagement and virtual buyer-seller meets-identified as principal drivers of the observed growth.
    December 23, 2022
    Shri Piyush Goyal meets His Excellency Mr. Tipu Munshi, Commerce Minister, Government of Bangladesh in Delhi
    Show AI Summary
    Comprehensive Economic Partnership Agreement talks to begin early to deepen trade by removing barriers and improving connectivity.
    A bilateral initiative to commence negotiations for a Comprehensive Economic Partnership Agreement (CEPA) was agreed after a joint feasibility study found CEPA would enhance trade, create jobs, and foster sustainable regional value chains. Ministers committed to start CEPA discussions early and to address operative priorities including removal of non-tariff barriers and port restrictions, re-opening border haats, harmonisation and mutual recognition of standards and procedures, settlement of trade in Indian rupees, and strengthening connectivity and trade infrastructure.
    December 16, 2022
    Measures taken by Government to boost exports
    Show AI Summary
    Export promotion measures sustain credit support and incentives while boosting digital facilitation and district level export hubs.
    Government export promotion measures extend the Foreign Trade Policy and the Interest Equalization Scheme for rupee export credit, maintain export incentive schemes including TIES, MAI, RoSCTL and RoDTEP, and launch a Common Digital Platform for Certificates of Origin. Policy also identifies Champion Services Sectors, establishes Districts as Export Hubs to address local bottlenecks, enhances missions' promotional roles abroad, and retains COVID era financial relief measures supporting MSMEs.
    December 16, 2022
    India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) to come into force on 29 December 2022
    Show AI Summary
    Preferential market access: India-Australia trade deal grants zero duty access for Indian exports and reciprocal raw material concessions.
    The India-Australia Economic Cooperation and Trade Agreement will enter into force on 29 December 2022, providing India with zero duty preferential market access in Australia across all tariff lines to benefit labour intensive export sectors, while India grants preferential access to Australia on the majority of Australian tariff lines for raw materials and intermediates; the Agreement also includes mobility provisions expanding temporary access for certain Indian professionals, including chefs and yoga teachers.
    December 16, 2022
    Year End Review 2022 for Department of Commerce, Ministry of Commerce and Industry
    Show AI Summary
    International Trade Settlement in Indian Rupees enables invoicing and export benefit adjustments to facilitate rupee based cross border trade.
    DGFT amended the Foreign Trade Policy to permit invoicing, payment and settlement of international trade in Indian Rupees and revised export benefit and export obligation rules per RBI guidance; concurrently, DGFT liberalised SCOMET licensing through online processes, general authorisations and bulk licensing while updating the SCOMET List to align with multilateral export control regimes.
    December 16, 2022
    INDIA’S FOREIGN TRADE: November 2022
    Show AI Summary
    Trade growth: India's combined merchandise and services exports register sustained positive growth despite global demand slowdown.
    India's November 2022 trade estimates show year on year growth in combined merchandise and services exports and increased imports, with April-November figures indicating stronger export growth but proportionally larger import growth, resulting in a widened trade deficit. Services November data are provisional. Merchandise exports rose modestly in November while the April-November merchandise deficit expanded; trade excluding petroleum and gems & jewellery showed export gains but sharp import increases. Sectoral variations reflect global demand slowdown, domestic demand resilience, duty effects, and commodity price pressures.
    December 14, 2022
    Shri Piyush Goyal meets UK’s Secretary of State, Ms. Kemi Badenoch to discuss India-UK FTA negotiations
    Show AI Summary
    India UK free trade negotiations seek a balanced, reciprocal agreement to boost jobs, investment and exports.
    India UK free trade agreement negotiations continue with ministers reaffirming commitment to conclude a balanced FTA that boosts jobs, investment and exports; the 6th round is underway and teams are urged to resolve differences through mutual accommodation and reciprocity. Ministers also highlighted domestic reforms and Ease of Doing Business measures intended to strengthen bilateral trade and investment and encouraged businesses to leverage these initiatives.
    December 9, 2022
    Steps taken by centre to reduce import reliance
    Show AI Summary
    Import reliance reduction through domestic capacity building and incentives, combined with export support measures to narrow trade deficit.
    The Government has adopted a dual approach: reduce import reliance by building domestic capacity through Production Linked Incentive schemes, phased manufacturing plans, mandatory technical standards, trade remedies, Rules of Origin enforcement, and import monitoring; and boost exports via extended trade policy and export credit support, export incentive schemes (rebates and remission programmes), a digital Certificate of Origin platform to increase FTA use, champion services sectors, district export hubs, enhanced diplomatic trade promotion, and pandemic relief for industry and MSMEs.
    December 9, 2022
    Under the District as Export Hub (DEH) initiative, products including agricultural products with export potential identified in all 733 districts of the country
    Show AI Summary
    District as Export Hub promotes district-level identification of exportable agricultural products to expand and diversify farm exports.
    The District as Export Hub initiative identifies district-level products with export potential, integrating these identifications into State Export Strategies and action plans to diversify and promote agricultural exports. Central and autonomous bodies, including APEDA, support implementation through Export Promotion Schemes, Market Access Initiatives and platforms such as the Farmer Connect Portal and Buyer Seller Meets to link producers and exporters and address market access and sanitary and phytosanitary challenges.
    December 9, 2022
    Department of Commerce amends SEZ rules to liberalize Work From Home (WFH) for SEZ units
    Show AI Summary
    Work From Home liberalisation allows SEZ units an intimation-based regime enabling comprehensive remote work for their employees.
    Department of Commerce substituted Rule 43A to convert the permission-based approach into an intimation-based regime for Work From Home: SEZ units may notify authorities by email before commencement or regularise existing WFH arrangements via intimation; WFH may be provided to up to all employees of the SEZ unit and the regime operates within a defined temporal scope.
    December 8, 2022
    Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme gets extended to Chemicals, Pharmaceuticals and Articles of Iron & Steel from 15.12.2022
    Show AI Summary
    Remission of Duties and Taxes on Exported Products expanded to cover chemicals, pharmaceuticals and iron & steel, boosting export competitiveness.
    Expansion of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme adds chemical, pharmaceutical and articles of iron & steel exports under ITC(HS) chapters 28, 29, 30 and 73 to Appendix 4R, raising eligible 8 digit tariff lines from 8,731 to 10,342 and applying to exports from 15 December 2022. RoDTEP remits embedded central, state and local duties and levies via transferable electronic scrips issued by the Central Board of Indirect Taxes & Customs; the scheme has been implemented since 1 January 2021.
    December 7, 2022
    Export of total number of automobiles increased from 41,34,047 in 2020-21 to 56,17,246 in 2021-22, registering a positive growth of 35.9%
    Show AI Summary
    Trade policy measures underpin a surge in automobile exports, supported by incentives, FTAs and a production linked scheme.
    Exports of automobiles rose from 41,34,047 to 56,17,246 vehicles year on year, with growth across passenger, commercial and two wheeler categories. Government measures to bolster exports include extension of the Foreign Trade Policy, export incentive schemes such as Advance Authorisation and RoDTEP, monitoring via NIRYAT and missions abroad, RBI facilitation of rupee settlement, recent Free Trade Agreements for market access, approval of a Production Linked Incentive Scheme for the sector, and harmonisation of motor vehicle standards with global norms.
    December 7, 2022
    One District One Product (ODOP) initiative operationally merged with ‘Districts as Export Hub (DEH)’ initiative
    Show AI Summary
    One District One Product merger expands district export hub integration, enabling coordinated export action plans and market access.
    One District One Product (ODOP) has been operationally merged with the Districts as Export Hub (DEH) initiative to align district product promotion with export facilitation. The merged framework leverages institutional mechanisms-State and District Export Promotion Committees, state nodal officers, and a DGFT monitoring portal-to prepare and implement District Export Action Plans, address supply-chain and quality constraints, and support local manufacturers in accessing external markets. Complementary measures include the ODOP GeM Bazaar, State Export Strategies, and international showcasing to promote district products and foster regional development.
    December 5, 2022
    Union Finance Minister Smt. Nirmala Sitharaman inaugurates DRI’s 65th Founding Day Celebrations
    Show AI Summary
    NDPS enforcement: prioritize identifying and prosecuting principal handlers, using technology and data to disrupt smuggling networks.
    Strengthening enforcement against cross border contraband and narcotics is the central regulatory emphasis, based on the Smuggling in India Report 2021-22 and ministerial directives. Officials urged that NDPS prosecutions reach logical conclusions by identifying principal handlers and financiers rather than only low level couriers, and directed enhanced adoption of technology, pattern analysis and data driven intelligence to counter evolving smuggling methods and safeguard operational data. The DRI's role in benchmarking performance, international cooperation, and interagency engagement was also affirmed.
    December 5, 2022
    DRI to celebrate 65th Founding Day
    Show AI Summary
    Anti smuggling enforcement advanced via regional customs cooperation, multilateral information exchange and national smuggling trends report.
    DRI is convening the eighth Regional Customs Enforcement Meeting at its sixty fifth founding anniversary to advance regional cooperation, multilateral information exchange and operational collaboration under Customs Mutual Assistance arrangements. The event brings together Asia Pacific customs administrations and international agencies to address enforcement issues. DRI's mandate includes preventing and detecting smuggling across narcotics, precious metals, wildlife, counterfeit currency, restricted items and hazardous materials, and investigating commercial fraud and customs duty evasion; the programme also includes release of the Smuggling in India Report 2021 22.
    December 2, 2022
    Workshop-cum-Buyer Seller Meet (BSM) organized in Aizawl to promote organic agricultural products of Mizoram and North Eastern Region (NER)
    Show AI Summary
    Export promotion through buyer seller meets created direct market linkages and enabled immediate organic produce shipments abroad.
    APEDA organised a Workshop-cum-Buyer Seller Meet in Aizawl to promote export of organic agricultural products from Mizoram and the North Eastern Region by creating direct market linkages between producers, FPOs/FPCs and exporters; the event facilitated immediate exports, showcased potential exportable crops, and formed part of APEDA's wider measures including importer field visits, virtual and in-person BSMs, training and capacity building with technical institutes, and MoUs to support pre- and post-harvest management under the Agricultural Export Policy framework.
    December 1, 2022
    Exchange Rate Notification No. 101/2022 - Customs (N.T.)
    Show AI Summary
    Exchange rate determination for customs: updated conversion rates for import and export goods now take legal effect.
    CBIC determines exchange rates under section 14 of the Customs Act for conversion between specified foreign currencies and Indian rupees for imported and export goods, superseding the prior notification while preserving earlier actions. The notification takes effect from the stated date and prescribes separate import and export conversion rates in Schedule I and 100 unit rates in Schedule II to govern customs valuation and conversion procedures.
    December 1, 2022
    India and Australia exchange written notifications; Ind-AUS ECTA to enter into force on 29 December 2022
    Show AI Summary
    Entry into force of trade agreement expands market access, eliminates tariffs and broadens visa mobility between India and Australia.
    Entry into force of the India-Australia ECTA follows exchange of written notifications and occurs thirty days thereafter under Article 14.7, effective 29 December 2022. The Agreement eliminates duties on Australia's one hundred percent tariff lines, expands market access for goods and services, and is designed to deepen bilateral economic integration and investment. It includes mobility provisions-annual visa quotas for Indian yoga teachers and chefs and post-study work visas of 1.5-4 years projected to benefit over one hundred thousand students-and is estimated to generate significant additional employment and export opportunities.
    November 25, 2022
    India-Gulf Cooperation Council (GCC) decide to pursue resumption of Free Trade Agreement (FTA) Negotiations
    Show AI Summary
    Free Trade Agreement negotiations to resume, seeking a comprehensive goods and services pact to expand and diversify trade.
    India and the Gulf Cooperation Council agreed to resume negotiations for a modern, comprehensive Free Trade Agreement covering substantial goods and services, and to expedite completion of requisite legal and technical requirements to enable formal resumption. The FTA aims to expand and diversify bilateral trade, enhance market access, and support job creation and broader economic opportunities across India and GCC states.

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      India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) to come into force on 29 December 2022

      December 16, 2022

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      India and Australia have signed the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) on 2 April,2022, which will come into force on 29.12.2022.

      Indian exports will benefit from preferential zero duty market access in Australia for 100% of its tariff lines, which will benefit India’s labour-intensive sectors such as gems and jewellery, textiles, leather, footwear, furniture, food, and agricultural products, engineering products, medical devices, and automobiles. On the other hand, India has provided preferential access to Australia on over 70% of its tariff lines, which are primarily raw materials and intermediaries such as coal, mineral ores etc., which are required for our domestic manufacturing industry.  Moreover, Australia has also provided additional market access and mobility facility for Indian professionals including chefs and yoga teachers.

      This information has been provided by Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel said in reply to a parliamentary question today.

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