Exim Matters

Global trade may fragment further under a Donald Trump presidency

With Trump's rather isolationist policies, Europe may find it necessary to divert more resources for building better military capabilities

Export-oriented units struggle, unhappy with new IGCRS e-process

Most of the EOUs are unhappy with the way the CBIC has tried to push through the new processes without adequate preparation

US elections: Donald Trump, Kamala Harris focus more on domestic issues

Kamala Harris has so far not talked much on trade matters, except criticising Trump's plans to hike tariffs on imports as inflationary

Govt must take note of CEA's warning on China

Our government is best placed to assess national security considerations and determine the extent of access we should give to Chinese goods and investments

Economic Survey pessimistic on export growth prospects

In an era when global economic growth is likely to be buffeted by geopolitical tensions and protectionism, growing India's exports of goods and services will be a stiffer challenge than before

Shipping chaos may continue till demand moderates

Since the Houthi attacks on commercial vessels started in the Red Sea towards the end of last year, major shipping lines have been re-routing their vessels around Africa

Traders should opt for AEO recognition

The 'SAFE Framework', launched in 2005, rests on three pillars viz. Customs-to-Customs network arrangements

New electric vehicle scheme links lower import duty with FDI

EVs attract a BCD of 100 per cent for those priced above $40,000 per unit and 70 per cent BCD for those priced at $40,000 or less

Govt plugs loopholes in imports of QCO items

The new disciplines imposed on imports of items subject to QCOs are well intended

Europe's higher defence expenditure may hit exports

To find more resources to fund higher defence expenditure, Europe may have to raise taxes or cut government spending on welfare and other development activities

WTO MC13 may not achieve much

The global trading rules agreed at the conclusion of the Uruguay round of negotiations at Marrakesh in April 1994 that led to the establishment of the WTO have largely remained unchanged

Not self-reliance, focus must be on 'competitive India'

The President said that the Fundamental Duties enshrined in the Constitution are essential obligations of every citizen towards making Bharat a developed nation when it completes 100 years of freedom

Govt needs to expand reach of Indian epics like Ramayana

Our travel agents, who organise tours for foreigners who come to India for sightseeing, can be encouraged to introduce such publications to the tourists

Red Sea crisis may nudge US buyers to source goods from East Asia

Indian exporters apprehend that unless the hostilities in the Red Sea end quickly, the buyers in the United States (US) will prefer East Asian sources

Intent to not lag China is behind moves to promote INR trade

The linking of 'card switches' will facilitate mutual acceptance of domestic cards and processing of card transactions

CGST Rule 89(4) or 89(4B)? Refund issue can snowball into major problem

Rule 96A of the CGST Rules, 2017, allows export of goods without payment of IGST after furnishing a bond or letter of undertaking (LUT)

Supply chain disruptions likely despite falling trade

After two years of revenue and profit growth, the shipping lines are facing losses on most sailings due to falling freight rates

Low expectations from the 12th WTO Ministerial Conference

The meet takes place under the shadow of global inflation, supply chain disruptions, lingering pandemic, slowing growth momentum, and the Russia-Ukraine war

Govt must withdraw orders on transfer of SEZ units' assets

The new procedures envisage no role for SEZ developers. That may not be acceptable to many developers

EXIM Matters: Funding technology transfer for vax better than IPR waiver

Experts say merely waiving IPR will not raise vaccine supply unless pharma companies transfer the technology and trade secrets that will enable others to produce the vaccines