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    Online APAR for Indian Trade Service SPARROW-ITS Launched
    3rd RCEP Inter-sessional Ministerial Meeting
    Bilateral meetings - Ecuador and Colombia (16-19 May, 2017)
    Cabinet approves Agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters
    INDIA’S FOREIGN TRADE: April, 2017
    DRI busts smuggling racket, seizes 44 kg of gold
    Implementation of the expanded India-Chile PTA
    Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified
    Commerce and Industry Minister Smt. Nirmala Sitharaman has said that India should take lead in making quality products available to world at an afford...
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May 31, 2017
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Annual Performance Appraisal Report moved online, requiring digital authentication and fixed timelines to improve transparency and record access.
An online system requires Indian Trade Service officers to submit and authenticate their Annual Performance Appraisal Report (APAR) via Digital Signature or E-sign, with reporting and reviewing also conducted online. Timelines are prescribed for each stage and all entries must be completed by the year-end cutoff, after which no further remarks are permitted. The platform centralises appraisal records to prevent loss or ante-dating, improve transparency, and ensure accessible dossiers for personnel actions dependent on APAR evaluations.
May 24, 2017
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Balanced regional trade agreement sought with equivalent ambition across goods, services and investment, including movement of professionals safeguards.
The ministers sought a comprehensive, balanced RCEP outcome with equivalent ambition across goods, services and investment, reconciling forward looking rules with diverse development levels through mechanisms like staging periods and line exceptions. Delegations urged services liberalization across all modes and stressed the importance of temporary movement of professionals for trade and investment. Investment reservation lists will be analysed for commercial meaningfulness, and India emphasised that appropriate arrangements on Investor State Dispute Settlement are critical to finalising investment negotiations under the principle of Single Undertaking.
May 23, 2017
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Bilateral trade cooperation to deepen through joint committees and talks on a preferential trade agreement and sectoral engagement.
High-level delegations concluded institutionalised mechanisms to strengthen commercial relations: co-chairing of joint trade committees, commitment to deepen cooperation between investment promotion agencies for exchange of business opportunities, and initiation of sectoral cooperation. Ecuador signalled interest to commence negotiations for a Preferential Trade Agreement. India and Colombia identified priority sectors for joint engagement-spanning telecommunications, infrastructure, metals, hydrocarbons, IT and industrial technology, pharmaceuticals, chemicals, textiles, automobiles, mining, machinery and non-conventional energy-and urged businesses to exploit trade complementarities.
May 17, 2017
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Customs cooperation enhances information sharing and mutual assistance to prevent and investigate customs offences and facilitate trade.
An Agreement establishes a legal framework for mutual assistance and information sharing between India and Tajikistan in customs matters to support application of customs laws, prevention and investigation of customs offences, and to enable exchange of information on customs value, origin of goods, and tariff classification to facilitate trade and efficient clearance of goods.
May 15, 2017
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Trade balance: stronger exports and rising imports widened merchandise deficit, while services surplus narrowed annual overall deficit.
Merchandise exports grew strongly in April 2017 while imports rose more sharply-led by crude oil and non-oil categories-widening the monthly merchandise trade deficit; services showed a monthly surplus in March 2017 and an annual services surplus for April-March 2016-17 that partially offset the larger merchandise deficit, resulting in a narrower overall April-March 2016-17 trade deficit. Provisional tables and rupee valuations are provided, and higher Brent prices are identified as a driver of increased oil import values.
May 15, 2017
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Gold smuggling concealment schemes uncovered; authorities seized concealed bars and launched criminal investigation and interrogations.
DRI intercepted a truck and seized 44 kg of foreign-mark gold concealed in a poultry egg incubator; searches at the suspect's factory and residences recovered tools, prior-smuggling evidence and records suggesting hawala transfers. The scheme involved importing poultry equipment with an incubator per consignment used as packing to hide bars wrapped and muffled to evade detection in containerised cargo. Officers have summoned the driver, importer and associates and continue the investigation.
May 15, 2017
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Preferential Trade Agreement expansion enables broader tariff concessions and aligned rules of origin to facilitate immediate preferential access.
The expanded Preferential Trade Agreement operationalises widened tariff concessions and harmonised Rules of Origin by aligning tariff concession annexes and origin schedules to the HS 2017 Nomenclature, enabling exporters of both parties to claim preferential tariffs immediately under specified Margin of Preference bands at the tariff-line level.
May 4, 2017
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Exchange rate determination for foreign currencies to govern import and export valuation under the Customs Act notification.
The Board, invoking section 14 of the Customs Act, superseded Notification No.40/2017-CUSTOMS (N.T.) and prescribed specified rupee conversion rates for each listed foreign currency, distinguishing rates for imported goods and for export goods, effective 05th May, 2017, with rates set out in Schedule I (per unit) and Schedule II (per 100 units) for application in customs valuation of imports and exports.
May 1, 2017
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Standards strategy to align quality with affordability and enable exporters to meet changing international technical regulations.
National policy emphasizes a national strategy for standards balancing quality and affordability, with technology enabled dissemination of foreign import requirement changes in regional languages, rapid information systems to shield agricultural exporters from unilateral SPS measures and shifting MRLs, and use of the India Standards Portal, subnational incentives, SME friendly compliance mechanisms, and legislative reforms to strengthen standards, conformity assessment and participation in international standard setting.

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