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    CBEC Extends 24x7 Customs Clearance Facility for Export Cargo from 1ST July, 2013
    19th India International Seafood Show to be held in Chennai Next Year
    CCEA approves mechanism for coal supply to power producers
    Government Approves 16 Proposals of Foreign Direct Investment Amounting to About Rs.1646.875 Crore
    Impact of Euro Area Crisis on South Asia (Paper presented by Shri Deepak Mohanty, Executive Director, Reserve Bank of India at the SAARC FINANCE Group...
    Anand Sharma and President U Thein Sein Agree for India’s Help to Revive 300 Apparel Factories in Myanmar, Disha Myanmar to Emerge as Common Complia...
    India Offers Usd 150 Million for SEZ in Sittwe
    CLARIFICATION ON QUERIES OF PROSPECTIVE INVESTORS/ STAKEHOLDERS ON FDI POLICY FOR MULTI-BRAND RETAIL TRADING
    MoU signed between DGFT and Government of Delhi to use e-BRC
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June 25, 2013
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Around-the-clock customs clearance enables continuous export cargo processing, reducing dwell time and easing compliance for exporters.
Central Board of Excise and Customs implements continuous customs clearance for export cargo at four major air cargo complexes from 1 July 2013, enabling exports under export incentive schemes and duty drawback to move out on an uninterrupted basis; the measure aims to reduce dwell time and help exporters meet deadlines and builds on earlier 24x7 clearance for Free Shipping Bills at thirteen EDI connected airports and prior pilots using Electronic Risk Assessment.
June 25, 2013
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Sustainable seafood showcases Indian export technology and market opportunities, bringing exporters and buyers together at an international expo
The notice publicises the nineteenth India International Seafood Show as a trade exhibition and technical forum connecting Indian seafood exporters with international buyers, offering exhibition space, technical sessions, registration with an early registration discount, and promoting export-promotion objectives by showcasing processing technology and value added products to facilitate commercial partnerships.
June 21, 2013
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Coal supply mechanism allows Fuel Supply Agreements and imported coal pass-through for thermal power plants under specified contractual conditions.
A national mechanism directs Coal India Ltd. to sign Fuel Supply Agreements for capacity likely to be commissioned by the prescribed date, with supplies conditioned on long term PPAs. Domestic supply percentages of Annual Contracted Quantity are fixed for plan years; CIL may import coal to meet remaining obligations and supply on a cost plus basis while plants may import directly. Higher imported coal costs are to be considered for pass through under modalities to be coordinated with regulatory commissions, and Ministries will issue supplementary orders to implement the New Coal Distribution Policy and related bidding adjustments.
June 18, 2013
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Foreign direct investment approvals expand sectoral participation and ownership after government cleared multiple proposals in diverse industries.
The government, on FIPB recommendations, approved sixteen FDI proposals involving increases in foreign equity, conversions of repatriation status, establishment of JVs and wholly owned subsidiaries, downstream investments, and acquisition of domestic shareholdings across sectors including payments, retail, pharmaceuticals, tea and broadcasting. Eight proposals were deferred for further scrutiny of sectoral compliance, transfer mechanics or security clearances, one was kept in abeyance pending representation on security denial, and two were advised as outside FIPB purview.
June 18, 2013
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Euro area crisis spillovers reduce trade and finance to South Asia, prompting measures to shore up external resilience.
The euro area crisis has transmitted external spillovers to South Asia through reduced export demand, tourism receipts and deleveraging by European banks, causing declines in export shares and consolidated bank claims. Policy responses in Europe include regional financing mechanisms, ECB liquidity operations and moves toward banking and fiscal union. India's responses focus on moderating imports, encouraging capital inflows, issuing inflation-indexed bonds and diversifying trade to strengthen external resilience.
June 10, 2013
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Bilateral industrial cooperation fosters factory revival and common compliance code adoption for apparel export standards.
India proposed a coordinated revival of dormant apparel factories using a concessional line of credit, technical assistance from textile research bodies to prepare rehabilitation plans, and promotion of private-sector joint ventures and SEZ investment. Concurrently, India advocated a Common Compliance Code to harmonise social and environmental factory standards, backed by capacity-building scholarships, skills training for workers, and trade-promotion events to reintegrate manufacturers with export markets.
June 10, 2013
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Line of credit for SEZ development in Sittwe enables infrastructure and project export cooperation between the two countries.
India offers purchaser's credit under its export insurance scheme to finance establishment of a Special Economic Zone at Sittwe, contingent on Myanmar providing suitable land. The offer is packaged with wider bilateral economic cooperation including expanded banking presence and joint-venture banking options, Lines of Credit previously used for refinery and petrochemical upgrades, Indian corporate participation in hydrocarbon exploration and pipeline projects, and infrastructure connectivity projects - notably road upgrades and the Kaladan Multi-Modal Transit Transport link - to improve access for India's northeast and support project exports.
June 7, 2013
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Small industry sourcing requirement limits procurement to front-end stores, prohibiting distribution via other channels or exports.
The FDI policy for multi-brand retail trading requires 30% sourcing from certified small industries calculated only for goods supplied to front-end stores, excludes fresh produce, and forbids distribution through other channels. It mandates that 50% of FDI be invested as additional greenfield back-end infrastructure (not via acquisitions or equity stakes in existing firms), permits such investment across states, and requires front-end retail to be company owned and company operated; wholesale and franchise models are not permissible.
June 5, 2013
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Electronic Bank Realization Certificate adoption enables state tax authorities to verify export realizations for VAT refund processing.
A Memorandum of Understanding between the Directorate General of Foreign Trade and the Government of the National Capital Territory of Delhi formalises state use of electronic Bank Realization Certificates (e-BRC), aligning state tax-administration access with the mandatory bank transmission regime for realization against shipping bills and enabling use of DGFT-provided e-BRC data for VAT refund verification and related compliance.

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