Growing numbers of ships are streaming toward Ukraine’s Black Sea ports and heading out loaded with grain, metals and other cargo despite the threat of attack and floating explosive mines.
Notably, over 60% of these imports, totalling 100 LT, comprised palm oil from Indonesia and Malaysia.
The surge in imports was primarily led by a sharp rise in non-oil imports to USD 47.4 billion. In September, India's imports were at USD 53.8 billion.
In its order, the high court had said it had not gone into the merits of the LRs issued by a metropolitan magistrate but found that due procedure was not followed while issuing those.
According to Satya Srinivas, additional secretary at Department of Commerce, the large trade deficit was on account of a 95% YoY increase in gold imports during October,
He has also asked the PM to direct the Ministry of Finance to waive off import taxes on Zologensma.
Besides onion, 20-25 trucks of other perishable commodities, including grapes, pomegranate and apples, 10-15 trucks of dry fruits,
Imports between April and August from Australia increased to 3.11 LT, while imports from Canada stood at 2.8 LT despite lower price there.
Importers can change the quantity of goods purchased even after the issuance of an import authorisation.
Speaking at a press conference held at the AICC headquarters, Gandhi claimed that Adani procured coal in Indonesia at one price, but by the time it reached India, the cost had doubled.
India's high quality labour-intensive goods will benefit from FTA with UK; overall gains limited: GTRI
"The FTA is expected to have a limited impact on increasing these exports because over half of Indian products already enter the UK with low or no tariffs," Global Trade Research Initiative said.
On August 4, the government announced ban on laptops, all-in-one personal computers, and tablets.
Dip in imports led to trade deficit narrowing down by 31%, five month-low of $19.4 billion in September.
The data also noted that India’s crude oil imports from Iraq also increased, reaching 926,000 barrels per day, marking a 14.6% year-on-year increase and an 8.54% month-on-month rise.
Harish Rao said that presently, they were importing cooking oil from neighbouring countries and added that Telangana imports oil worth Rs 1.56 lakh crore from other countries in just a year.
Govt hints at 1-yr grace period, cos may need to register on a portal to import these items
Overall, exports in August 2023 stood at $60.87 billion as against $63.52 billion in the same month previous year.
Bulgaria's parliament voted 124-69 on Thursday for a resolution to end the ban, citing "solidarity with Ukraine" and the need to "guarantee food security on a global scale".
Anti-dumping duty occurs when a foreign company exports items to another country at prices that are lower than their home market pricing or lower than their manufacturing costs.
The import of both onion and garlic to India was restarted because these crops were damaged this season due to untimely rain and hailstorms resulting in a price surge.