https://www.taxtmi.com/news?id=4819 A marked decline in bilateral merchandise trade with China during April-December 2012-13 widened India's trade deficit as exports fell more sharply than imports. Export decreases were driven by reduced shipments of iron ore, cotton, plastics, petroleum, electronics, pharmaceuticals, transport equipment, gems, jewellery and chemicals; imports fell in machinery, iron and steel, transport equipment, gold, petroleum, non ferrous metals and chemicals. The Government responded by enhancing market and product diversification measures and extending incentive schemes such as the Focus Market, Market Linked Focus Product and Focus Product Schemes, together with duty credit and interest subvention adjustments. en-us Wed, 27 Feb 2013 16:22:52 +0530 Wed, 27 Feb 2013 16:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4819 A marked decline in bilateral merchandise trade with China during April-December 2012-13 widened India's trade deficit as exports fell more sharply than imports. Export decreases were driven by reduced shipments of iron ore, cotton, plastics, petroleum, electronics, pharmaceuticals, transport equipment, gems, jewellery and chemicals; imports fell in machinery, iron and steel, transport equipment, gold, petroleum, non ferrous metals and chemicals. The Government responded by enhancing market and product diversification measures and extending incentive schemes such as the Focus Market, Market Linked Focus Product and Focus Product Schemes, together with duty credit and interest subvention adjustments. News - Wed, 27 Feb 2013 16:22:52 +0530 https://www.taxtmi.com/news?id=4819