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May 7, 2012
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Import duties on cars prompt BTIA negotiations with EU, with stakeholder consultations shaping tariff and trade positions.
The release reports annual import quantities and revenue from duties on cars for 2009-10 through 2011-12 and states that India is negotiating a Broad Based Trade and Investment Agreement with the EU, with automobiles included among sectoral requests; stakeholder consultations inform India's negotiating positions to guide tariff and trade policy.
May 7, 2012
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Import trends: rising imports of sensitive items indicate import dependence and domestic price-driven sourcing affecting commodity supply.
The release provides brass import quantities and values for three recent years (with provisional April-December 2011 figures), states that brass demand and consumption data are not maintained, and records that provisional import values for sensitive items rose in April-January 2012 versus the prior year; it explains imports occur due to domestic shortage or relatively higher domestic prices and attributes the figures to DGCI&S and a ministerial written reply.
May 7, 2012
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Precautionary testing requirement: food imports from Japan must be tested for radioactive contamination before customs NOC.
Regulators implemented a precautionary testing requirement for food imports from Japan: samples of seafood, fruits, vegetables and meat exported after the incident must be tested for radioactive contamination and cleared before a no objection certificate is issued for Customs clearance, alongside continued surveillance of other imported commodities.
May 7, 2012
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Foreign investment policy liberalization allows automatic route for greenfield pharma projects while existing-company investments require government approval.
FDI policy permits FDI up to 100% under the automatic route for Greenfield investments and up to 100% under the Government approval route for investments in existing companies in the pharmaceuticals sector. The Consolidated FDI Policy Circular clarified that Government approval is required only for the FDI component of certain combined investments and removed second-hand machinery from the conversion-to-equity concession to incentivize modern, energy-efficient equipment. Sectoral caps, entry routes, and industrial licence conditions with export obligations for MSE-reserved items remain applicable.
May 2, 2012
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Online transmission of Bank Realisation Certificates to streamline exporter compliance and remove hard copy submission burdens.
DGFT has consulted banks to implement electronic transmission of the Bank Realisation Certificate (BRC) directly to DGFT, removing the need for exporters to obtain hard copy BRCs and intended to streamline compliance and reduce transaction costs.
May 2, 2012
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Export growth target aims to double merchandise exports by the target year, based on cited historical dollar value trends.
A governmental export strategy sets a compound annual growth rate target to double merchandise exports within the policy period, citing historical annual percentage changes in dollar value export receipts. DGCI&S monthly export publications (on CD) provide item and country wise details for the referenced years and are regularly sent to the Parliament Library. The projection and supporting statistics were disclosed by the Minister of State for Commerce in a written reply to Parliament.
May 2, 2012
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Export controls for cotton tightened, with revocation permitted after assessment of supply, domestic availability and commitments.
Export controls for cotton were tightened with revalidation rules based on ongoing assessment of production, domestic availability, price trends and national and international commitments; public protests regarding Bt cotton and requests to permit exports were considered. An early March export prohibition was subsequently revoked, demonstrating that export restrictions are conditional and reversible through executive assessment of the stated factors.
May 2, 2012
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Export of Agricultural Products shows mixed growth with provisional product-level export data disclosed for recent periods.
Export values for agricultural and allied products show a mixed trend with aggregate annual figures reported and a provisional April-July 2011-12 snapshot; full annual data for 2011-12 is not yet available. A detailed annexure supplies product-level quantity and value comparisons for 2010-11 and April-July 2011-12 across a wide range of commodities, permitting identification of commodity-specific changes in physical quantities and export values during the provisional period.
May 2, 2012
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Export controls on iron ore: judicial suspension restricts Bellary production exports; duties and freight measures imposed.
A judicial order suspended mining and transportation of iron ore in Bellary district and directed that no Bellary production be exported; export controls were reinforced by an increased ad valorem export duty on fines and lumps effective 30 December 2011 and by imposing differential railway freight on iron ore destined for export, and the government reported no estimates of losses from illegal exports.
May 2, 2012
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Export promotion measures for coffee boost production and export volumes through targeted support schemes and value realization.
Central measures to expand coffee exports rely on Coffee Board programmes including Research and Development for sustainable production, a Development Support Scheme, Rainfall Insurance for growers, support for mechanization of farm operations and an Export Promotion scheme, implemented to raise production capacity, crop resilience and market access; these measures coincide with increases in production, export volumes and export value between 2009-10 and 2011-12.
April 30, 2012
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Index of eight core industries shows 2.0% growth in March 2012 and 4.3% cumulative annual growth.
The release reports the Index of Eight Core Industries (weight 37.90% in IIP) at 158.4 for March 2012 with 2.0% monthly growth and 4.3% cumulative April-March 2011-12 growth; it provides sectoral monthly and cumulative growth rates for Coal, Crude Oil, Natural Gas, Petroleum Refinery Products, Fertilizers, Steel, Cement, and Electricity, notes a reporting exception for an SEZ refinery's crude throughput excluded from production, and states data are provisional with revisions where revised source data were obtained.
April 30, 2012
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Export of sugar regulations: release orders, state trading for preferential quotas, and APEDA-registered organic exemptions.
Export of sugar is permitted generally but requires a release order from the Directorate of Sugar; preferential-quota exports to the EU and USA are under state trading. Organic sugar exports up to the specified annual quantity are exempt from the release order if the contract is registered with APEDA. Exports to Maldives are permitted under a bilateral agreement. The Government reviews and may adjust export policy for agricultural items, balancing domestic availability, production, prices and international commitments to avoid scarcity and protect consumer prices and farmer returns.
April 30, 2012
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SEZ policy review: rules and procedures revised based on stakeholder inputs to speed implementation and ensure transparency.
Reforms under the SEZ Act, 2005 proceed by periodic review and amendment of SEZ Rules and procedures based on stakeholder inputs to facilitate speedy and effective implementation and operation of SEZ projects, with reports and amendments published on the SEZ portal for transparency.
April 30, 2012
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Bilateral trade relations: official statistics reported and cooperation continued via the India-France joint commission, no new trade agreement.
India-France bilateral trade statistics for 2009-10 through 2011-12 are reported with exports, imports and total trade in US dollars; official data are sourced to the Directorate General of Commercial Intelligence and Statistics. No trade agreement was entered into with France during the two years preceding the release. Bilateral engagement is conducted through the India-France Joint Commission for Economic and Technical Cooperation to promote trade and encourage business-to-business contacts, and this information was disclosed in the Lok Sabha by the Union Minister for Commerce, Industry and Textiles.
April 30, 2012
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Export incentive misuse triggers penal actions including IEC suspension and fiscal penalties under foreign trade law.
Where misuse of export incentive schemes is detected - including forged documents, mis declaration, diversion to the domestic market, and incorrect invoicing - penal measures are imposed under the Foreign Trade (Development & Regulation) Act and rules, with enforcement by revenue intelligence and customs that may suspend or cancel the IEC and impose fiscal penalties with penal interest alongside action under the Customs Act.
April 30, 2012
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Free Trade Agreements expanding market access while preserving sensitive lists and safeguards, with Joint Study Groups and review mechanisms.
India has concluded multiple FTAs and Preferential Trade Agreements, including a Comprehensive Economic Partnership Agreement with Japan. Negotiations prioritise market access in Goods, Services and Investment and are preceded by Joint Study Group feasibility studies and stakeholder consultations. Agreements preserve sensitive/negative lists and allow trade remedies such as anti-dumping and safeguards for import surges causing injury. Implementation is monitored through Joint Review Mechanisms to protect domestic industry and agriculture while expanding trade.
April 30, 2012
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Cotton export policy confirms most agricultural exports permitted while targeted restrictions protect domestic availability.
The cotton export policy reports export quantities, affirms that most agricultural products are exportable while certain items are prohibited or restricted to ensure domestic availability, and directs users to the DGFT Export Import Data Bank for country-wise export data.
April 30, 2012
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Agricultural subsidies discipline to protect farmer livelihoods, urging substantial cuts in developed-country support and tariff barriers.
The Doha Round modalities propose tariff cuts and constraints on domestic and export subsidies while allowing developing Members to self-designate Special Products and to use a Special Safeguard Mechanism for import surges or price falls; India stresses protecting food, income and livelihood security, seeks substantial reductions in developed-country domestic support and tariffs, and pursues a development-oriented, multilateral outcome through active engagement with like-minded Members.
April 30, 2012
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Trade deficit management: diplomatic, market access and safeguard measures to address imbalance and promote export diversification.
A persistent trade deficit attributed to China's competitive manufactured exports and India's primary product export profile is being addressed through ministerial mechanisms such as the India China JEG and a Memorandum of Understanding on Trade and Economic Cooperation, promotion of Indian participation in Chinese trade fairs, diversification toward manufactured exports, Market Access Initiative/Market Development Assistance, market access negotiations to remove non tariff barriers, and recourse to safeguard measures under WTO where necessary.
April 30, 2012
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Export policy: decisions to allow or restrict agricultural trade depend on domestic availability, food security and market competitiveness.
The Government does not fix export targets for agricultural products; decisions to allow, restrict or ban exports or imports are taken by inter-ministerial bodies after reviewing trade data, domestic stocks against buffer norms and strategic reserve needs, and weighing food security, domestic availability at reasonable prices, remunerative returns to growers and international price competitiveness.

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