Important links for Exporter & Importer
Tuesday, January 12, 2010
For Exim procedure & Policy
DGFT (Goverment Site)
http://dgft.delhi.nic.in
Excise (Goverment Site)
http://www.cbec.gov.in
Export Logistics / Shipping
www.export911.com
22/2009-2014//23.12.2009//Prohibition on import of milk and milk products from China.
Saturday, January 9, 2010
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY
PART-II, SECTION-3, SUB SECTION (ii)
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARPTMENT OF COMMERCE
NOTIFICATION NO. 22/2009-2014
NEW DELHI, DATED 23rd DECEMBER, 2009
Subject : Prohibition on import of milk and milk products from China.
S.O. (E) In exercise of powers conferred by Section 5, read alongwith Section 3(2) of the Foreign Trade (Development and Regulation) Act, 1992, also read alongwith paragraph 2.1 of Foreign Trade Policy, 2009-14, the Central Government hereby further extends the prohibition on import of milk and milk products including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an ingredient, from China, imposed vide Notification No. 67(RE-2008)/2004-2009 dated 1st December, 2008 and extended vide Notification No. 111(RE-2008)/2004-2009 dated 16th June, 2009, for a period of six months from 24th December, 2009 and until further orders.
2. This issues in public interest.
Sd/-
( R.S. Gujral )
Director General of Foreign Trade and
Ex-officio Special Secretary to the Government of India
(Issued from F.No.01/93/180/898/AM99/PC-2(A)
23/2009-2014//08.01.2010//Import policy of items under Exim Code “7208”.
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY
PART- II, SECTION - 3, SUB SECTION (ii)
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
NOTIFICATION NO. 23/ 2009-2014
NEW DELHI, DATED 8th JANUARY, 2010
Subject : Import policy of items under Exim Code “7208”.
S.O. (E) - In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby amends Schedule – I (Imports) of the ITC (HS) Classifications of Export and Import Items as under:
1. Import policy for the items under 4 digit Exim Code “7208” will be amended to read as “Free” (instead of “Restricted “).
2. This issues in public interest.
sd/-
( R.S. Gujral )
Director General of Foreign Trade and
Ex-officio Special Secretary to the Government of India
[Issued from F.No. 01/89/180/46/AM09/PC-2(A)]
Decline in import and export values continues
Wednesday, January 6, 2010
The value of both merchandise imports and exports fell in November 2009 compared with November 2008, down 22.0 percent and 16.7 percent, respectively, Statistics New Zealand said today. This is the eighth consecutive monthly fall for imports and the sixth consecutive month that exports have fallen compared with the same month of the previous year.
The import and export trends (which remove seasonal and irregular fluctuations) have continued to decline since peaking in the latter half of 2008. The imports trend has fallen 25.7 percent since peaking in August 2008, although the rate of decline in the trend has been easing in recent months. The trend in export values has fallen 15.5 percent since peaking in October 2008.
Most commodity categories contributed to the $938 million fall in imports in November 2009. The largest contribution came from mechanical machinery and equipment (down $137 million or 25.9 percent).
Petroleum and products was the next largest decrease and was led by falls in crude oil and automotive diesel, both mainly due to lower prices.
Similarly, most commodity categories contributed to the $614 million fall in exports in November 2009.
Milk powder, butter, and cheese, the largest export category (down $250 million or 24.9 percent), was the largest decrease. This fall was led by unsweetened whole milk powder, despite quantities being 48.0 percent higher than in November 2008.
Not by domestic policy alone
The export spurt in November, ending 13 months of decline, is definitely good news. However, the magnitude of export growth, 18 per cent, is
largely on account of the low base, the shrunken export figure for November 2008, in the post-Lehman crisis.
The decline in imports is definitely not good news. Imports were lower than in the corresponding month a year ago by 2.6 per cent. But if you look at non-oil imports alone, these were 5.9 per cent lower than a year ago. Without more disaggregated data, it is not possible to make a clear judgment, but lower imports are not good news, as imports fuel domestic economic activity.
The only saving grace is that the decline in November is a far cry from the decline in non-oil imports of nearly 24% for the April-November period. So, recovery is on, but the recovery is still not entirely robust. Federation of Indian Export Organisations president A Sakthivel has cautioned against early withdrawal of either the stimulus package or interest subsidy on exports. He has a point.
For better policymaking, better data availability is a must. There is plenty of scope for speeding up data collection and analysis on our foreign trade. In these days of electronic compilation of information, why should it take the government so long to collate the data? After the commissioning of the Reliance refineries, petroleum exports are a major component of India’s overall exports. It would be a simple matter to make data on this item available, along with the data on oil imports.
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