https://www.taxtmi.com/news?id=61882 Exports contracted in October chiefly due to the imposition of 50 per cent tariffs by a trading partner, while a steep rise in gold and silver imports and increased inbound shipments of other commodities produced a record monthly trade deficit. Multiple export sectors-engineering goods, petroleum products, gems and jewellery, apparel and textiles, chemicals, pharmaceuticals and plastics-saw declines. Industry bodies called for expedited benefits, better credit access and reduced compliance burdens to restore export competitiveness, even as services exports remained comparatively stronger over the provisional period. en-us Mon, 17 Nov 2025 18:31:03 +0530 Mon, 17 Nov 2025 18:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=61882 Exports contracted in October chiefly due to the imposition of 50 per cent tariffs by a trading partner, while a steep rise in gold and silver imports and increased inbound shipments of other commodities produced a record monthly trade deficit. Multiple export sectors-engineering goods, petroleum products, gems and jewellery, apparel and textiles, chemicals, pharmaceuticals and plastics-saw declines. Industry bodies called for expedited benefits, better credit access and reduced compliance burdens to restore export competitiveness, even as services exports remained comparatively stronger over the provisional period. News - Mon, 17 Nov 2025 18:31:03 +0530 https://www.taxtmi.com/news?id=61882