Latest news with #ForeignTradePolicy
Hindustan Times
10 hours ago
- Hindustan Times
DRI seizes ₹6.5 crore worth of illegal Chinese toys, fake cosmetics and shoes
MUMBAI: In a major crackdown on the smuggling of substandard goods, the Mumbai unit of the Directorate of Revenue Intelligence (DRI) has seized 160 metric tonnes of illegally imported Chinese toys, counterfeit cosmetics, and footwear worth ₹6.5 crore. DRI seizes ₹ 6.5 crore worth of illegal Chinese toys, fake cosmetics and shoes Acting on specific intelligence inputs, the agency tracked and intercepted 10 suspicious containers across multiple locations — Mundra and Hazira Ports in Gujarat, Kandla Special Economic Zone, and Inland Container Depot Piyala in Faridabad, Haryana. The containers were allegedly misdeclared with generic labels such as mini decorative plants, keychains, pencil boxes, and showpieces — an attempt, officials said, to dodge scrutiny. A detailed inspection revealed the containers were primarily loaded with toys, along with significant quantities of unlicensed cosmetics and footwear. Officials said the toys were imported without the mandatory Bureau of Indian Standards (BIS) certification, in violation of the Foreign Trade Policy and the Toys (Quality Control) Order, 2020. BIS certification ensures toys meet safety and quality benchmarks. Non-compliant goods are prohibited and are either destroyed at the importer's cost or re-exported to the country of origin. The seized cosmetics, according to the DRI, were not only counterfeit but also lacked approval from the Central Drugs Standard Control Organisation (CDSCO), violating the Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007. The footwear, too, was found to be BIS non-compliant and in breach of the Footwear made from Leather and other Materials (Quality Control) Order, 2024. 'Aligned with national policy regarding toy imports, the DRI has stepped up efforts to detect and seize cheap, unsafe, and substandard Chinese toys,' said a senior DRI official. 'These toys pose serious safety and health risks to children, while also harming India's burgeoning toy manufacturing sector and causing substantial loss to the national exchequer.'
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Business Standard
21-07-2025
- Business
- Business Standard
DGFT should rethink provisions for deemed exports from DTA to EoU
Para 7.01(i) of the Foreign Trade Policy (FTP) says 'deemed exports' for this FTP refer to those transactions in which goods supplied do not leave the country Listen to This Article We have a domestic tariff area (DTA) unit and an export-oriented unit (EoU) within the same state under the same goods and services tax identification number (GSTIN). We want to send the goods manufactured in the DTA unit to EoU for use as an input in the goods manufactured by the EoU. Can we get deemed export drawback benefits on such supplies? Para 7.01(i) of the Foreign Trade Policy (FTP) says 'deemed exports' for this FTP refer to those transactions in which goods supplied do not leave the country, and payment for such supplies is received either in Indian rupees
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Business Standard
21-07-2025
- Business
- Business Standard
28 states, UTs form export strategy to promote outbound shipments: Official
As many as 28 states and Union Territories (UTs) have formulated their export strategy with a view to promoting the country's outbound shipments, an official said on Monday. The official also said all 36 states and UTs have constituted State Export Promotion Committee (SEPC) and District Export Promotion Committee (DEPC). Further, a draft district action plan has been prepared by the regional authorities of the Directorate General of Foreign Trade (DGFT) for 590 districts. Out of this, 249 are formally notified by DEPCs. These plans include a broad strategy for promotion of exports from districts, the official said. The Centre is promoting states to engage in export promotion activities as it would help boost domestic manufacturing and job creation. "State export strategy has been prepared in 28 states/UTs," the official added. These include Uttar Pradesh, Maharashtra, and Karnataka. In the Foreign Trade Policy (FTP) 2023, the DGFT has included the 'Districts As Export Hubs' initiative with an aim to channelise the potential and diverse identity of each district of the country to make them export hubs. Towards this goal, the products and services with export potential in all the districts of the country have been identified, and an institutional mechanism in the form of SEPC at the state/UT level and DEPCs at the district level has been created in all districts to provide support for export promotion and address the bottlenecks for export growth. District export action plans are being prepared for identified products and services, to benefit both producers and manufacturers - addressing challenges to export, identifying infrastructural bottlenecks, supply chain gaps, improving market accessibility and providing handholding for increasing exports. India's exports remained flat at USD 35.14 billion in June due to global economic uncertainties, while the trade deficit narrowed to a four-month low of USD 18.78 billion during the month. During April-June 2025-26, exports increased 1.92 per cent to USD 112.17 billion, while imports rose 4.24 per cent to USD 179.44 billion.
Time of India
21-07-2025
- Business
- Time of India
28 states, UTs formulate export strategy to promote India's outbound shipments: Official
As many as 28 states and Union Territories (UTs) have formulated their export strategy with a view to promoting the country's outbound shipments, an official said on Monday. The official also said all 36 states and UTs have constituted State Export Promotion Committee (SEPC) and District Export Promotion Committee (DEPC). Explore courses from Top Institutes in Select a Course Category healthcare Digital Marketing CXO Product Management Data Science Data Science PGDM Operations Management MBA Public Policy others Project Management Data Analytics Others Cybersecurity Degree Design Thinking Healthcare Finance Technology Leadership Artificial Intelligence MCA Management Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Further, a draft district action plan has been prepared by the regional authorities of the Directorate General of Foreign Trade (DGFT) for 590 districts. Out of this, 249 are formally notified by DEPCs. These plans include a broad strategy for promotion of exports from districts, the official said. Live Events The Centre is promoting states to engage in export promotion activities as it would help boost domestic manufacturing and job creation. "State export strategy has been prepared in 28 states/UTs," the official added. These include Uttar Pradesh , Maharashtra, and Karnataka. In the Foreign Trade Policy (FTP) 2023, the DGFT has included the 'Districts As Export Hubs' initiative with an aim to channelise the potential and diverse identity of each district of the country to make them export hubs. Towards this goal, the products and services with export potential in all the districts of the country have been identified, and an institutional mechanism in the form of SEPC at the state/UT level and DEPCs at the district level has been created in all districts to provide support for export promotion and address the bottlenecks for export growth. District export action plans are being prepared for identified products and services, to benefit both producers and manufacturers - addressing challenges to export, identifying infrastructural bottlenecks, supply chain gaps, improving market accessibility and providing handholding for increasing exports. India's exports remained flat at USD 35.14 billion in June due to global economic uncertainties, while the trade deficit narrowed to a four-month low of USD 18.78 billion during the month. During April-June 2025-26, exports increased 1.92 per cent to USD 112.17 billion, while imports rose 4.24 per cent to USD 179.44 billion.
Time of India
18-07-2025
- Business
- Time of India
Good news for exporters, jewellery hand carriage facilitation centre opened at Terminal 2 of Mumbai international airport
Mumbai: In a move set to significantly enhance India's gem and jewellery export infrastructure, the Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with Mumbai Customs, inaugurated the Jewellery Hand Carriage Facilitation Centre at Terminal 2 of Chhatrapati Shivaji Maharaj International Airport on Wednesday. Recognising the strategic importance of enabling seamless hand carriage, GJEPC secured and equipped a dedicated space at the airport. With the premises now officially notified as a customs area and Bharat Diamond Bourse appointed as custodian, the centre is fully operational, offering 24x7 services for jewellery hand carriage exports and imports. The launch of this dedicated facility follows a push by the GJEPC to address logistical and regulatory challenges associated with high-value, hand-carried gem and jewellery consignments. Mumbai, which accounts for nearly 65%–70% of India's gem and jewellery exports, saw shipments worth $19.65 billion from the western region in 2024–25. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai Ashok Gajera, managing director of Laxmi Diamond, one of the largest export houses, said, "The new centre provides a single-window clearance system with integrated support from Mumbai Customs, CISF, police, and airport authorities. It will streamline high-value exports, reduce paperwork, and significantly cut turnaround time, offering exporters both transparency and operational ease." Gajera explained that earlier when there were orders from clients, jewellery or samples would have to be exported, and the businessman would fly out later once the jewellery reached the destination. This, he said, was not only a "time-consuming affair" but also a "tedious one". GJEPC chairman Kirit Bhansali said, "This milestone is part of the council's wider commitment to ease of doing business. Alongside the e-commerce channel, hand carriage will prove vital for MSMEs and for high-value shipments, especially to FTA partner nations, such as UAE under CEPA, Australia under ECTA, and the UK. It's faster, more cost-effective, and flexible — ideal for urgent global orders." Personal carriage of jewellery for export is currently permitted at nine locations under India's Foreign Trade Policy — Mumbai, Delhi, Kolkata, Chennai, Kochi, Coimbatore, Bengaluru, Hyderabad, and Jaipur. Imports are allowed at seven airports. However, fully operational hand carriage centres are presently available only in Delhi, Mumbai, Kolkata, and Jaipur. GJEPC noted that this facility is part of a broader rollout across nine Indian cities, in alignment with the govt's thrust on improving export competitiveness and simplifying procedures.
