Just a moment...
Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review. 
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press Information Bureau
Government of India
Ministry of Commerce & Industry
01-August-2012 10:16 IST
Press Note
India’s Foreign Trade: June, 2012
EXPORTS (including re-exports)
India’s Exports during June, 2012 were valued at US $ 25067.20 million (Rs. 140452.05 crore) which was 5.45 per cent lower in Dollar terms (18.11 per cent higher in Rupee terms) than the level of US $ 26511.62 million (Rs. 118914.17 crore) during June, 2011. Cumulative value of exports for the period April-June 2012 -13 was US $ 75203.96 million (Rs 407055.99 crore) as against US $ 76507.51 million (Rs 342163.55 crore) registering a negative growth of 1.70 per cent in Dollar terms and growth of 18.97 per cent in Rupee terms over the same period last year.
IMPORTS
India’sImports during June, 2012 were valued at US $ 35370.57 million (Rs.198182.00 crore) representing a negative growth of 13.46 per cent in Dollar terms (growth of 8.11 per cent in Rupee terms) over the level of imports valued at US $ 40870.18 million ( Rs. 183317.46 crore) in June, 2011. Cumulative value of imports for the period April-June, 2012-13 was US $ 115259.41 million (Rs. 623266.64 crore) as against US $ 122741.45 million
(Rs. 549000.58 crore) registering a negative growth of 6.10 per cent in Dollar terms and growth of 13.53 per cent in Rupee terms over the same period last year.
CRUDE OIL AND NON-OIL IMPORTS:
Oil imports during June, 2012 were valued at US $ 12688.6 million which was 4.43 per cent lower than oil imports valued at US $ 13276.9 million in the corresponding period last year. Oil imports during April-June, 2012-13 were valued at US$ 41585.0 million which was 5.48 per cent higher than the oil imports of US $ 39425.0 million in the corresponding period last year.
Non-oil imports during June, 2012 were estimated at US $ 22681.9 million which was 17.80 per cent lower than non-oil imports of US $ 27593.2 million in June, 2011. Non-oil imports during April - June, 2012-13 were valued at US$ 73674.4 million which was 11.57 per cent lower than the level of such imports valued at US$ 83316.4 million in April - June, 2011-12.
TRADE BALANCE
The trade deficit for April - June, 2012-13 was estimated at US $ 40055.45 million which was lower than the deficit of US $ 46233.94 million during April -June, 2011-12.
EXPORTS & IMPORTS : (US $ Million) | ||
(PROVISIONAL) | ||
| JUNE | APRIL- JUNE |
EXPORTS(including re-exports) |
|
|
2011-12 | 26511.62 | 76507.51 |
2012-13 | 25067.20 | 75203.96 |
%Growth2012-13/ 2011-2012 | -5.45 | -1.70 |
IMPORTS |
|
|
2011-12 | 40870.18 | 122741.45 |
2012-13 | 35370.57 | 115259.41 |
%Growth2012-13/ 2011-2012 | -13.46 | -6.10 |
TRADE BALANCE |
|
|
2011-12 | -14358.56 | -46233.94 |
2012-13 | -10303.37 | -40055.45 |
|
|
|
EXPORTS & IMPORTS : (Rs. Crore) | ||
(PROVISIONAL) | JUNE | APRIL- JUNE |
|
|
|
EXPORTS(including re-exports) |
| |
2011-12 | 118914.17 | 342163.55 |
2012-13 | 140452.05 | 407055.99 |
%Growth2012-13/ 2011-2012 | 18.11 | 18.97 |
IMPORTS |
|
|
2011-12 | 183317.46 | 549000.58 |
2012-13 | 198182.00 | 623266.64 |
%Growth2012-13/ 2011-2012 | 8.11 | 13.53 |
TRADE BALANCE |
|
|
2011-12 | -64403.29 | -206837.03 |
2012-13 | -57729.95 | -216210.65 |
Dept. of Commerce, Ministry of Commerce & Industry
New Delhi: August 1, 2012
DS/GK
Trade balance dynamics: exports and imports diverge by currency valuation, narrowing the quarterly trade deficit. June 2012 trade statistics show exports down in Dollar terms but up in Rupee terms, while imports fell in Dollar terms yet rose in Rupee terms; oil imports rose cumulatively though June oil was lower year-on-year, non-oil imports declined, and the April-June trade deficit narrowed in Dollar terms. The release presents provisional monthly and quarterly aggregates by commodity grouping and currency denomination.Press 'Enter' after typing page number.