Mumbai, April 20 (IANS) The Directorate of Revenue Intelligence (DRI), Mumbai, arrested an importer for smuggling ‘Watermelon Seeds’ and ‘Green Peas’ worth Rs 139 crore from Tanzania, Sudan, and Canada, an official said on Monday. The illegal consignment was seized at Nhava Sheva Port, and the proprietor of the importing firm – a key person behind this organised smuggling – was arrested on Sunday, said a statement issued by DRI.Acting on specific intelligence, officers intercepte…
Latest Directorate General of Foreign Trade News & Updates
New Delhi, April 17 (IANS) In pursuance of the government’s commitment to Ease of Doing Business and trade facilitation for exporters, the Ministry of Commerce and Industry has undertaken a series of targeted reforms to strengthen the functioning of Norms Committees under the Directorate General of Foreign Trade (DGFT) to improve turnaround time, enable early approvals, and enhance transparency and predictability under the Advance Authorisation Scheme, as per an official statement issued on Fr…
New Delhi, April 17 (IANS) Shares of Kalyan Jewellers India fell sharply on Friday after reports suggested that banks in India have halted fresh imports of gold and silver, triggering concerns across the jewellery sector. The stock initially dropped nearly 6 per cent during intra-day trade, but later recovered some losses to trade 2.86 per cent lower.According to reports, large quantities of precious metals are currently stuck at customs as a formal government order authorising bullion imports h…
New Delhi, April 11 (IANS) Lone actor terrorists are increasingly using drones to carry out reconnaissance missions of potential targets. Literature that is regularly posted by the various media wings of the Islamic State has been encouraging lone-actor terrorists to use drones to get information about the targets. The Islamic State has been encouraging these persons through their various propaganda channels to use Commercial Off-The-Shelf (COTS) drones both for reconnaissance and for attacks. T…
New Delhi, March 8 (IANS) The Central government has relaxed customs procedures for export cargo that is returning to India after ships were forced to turn back due to disruptions in key maritime routes, including the closure of the Strait of Hormuz.The move comes after several vessels carrying Indian export consignments were unable to reach their destination ports because of the ongoing disruptions in the region.As a result, some ships have returned to Indian ports with cargo that had already b…
New Delhi, March 7 (IANS) The government on Saturday extended the deadline for fulfilling export obligations under certain export promotion schemes to August 31, 2026, to help exporters facing disruptions in global trade and shipping routes.The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, announced the decision through a public notice.The move comes amid ongoing geopolitical developments that are affecting global shipping routes, logistics corridors a…
New Delhi, March 7 (IANS) The government will restore full benefits under the export support scheme Remission of Duties and Taxes on Exported Products (RoDTEP) from April 1, according to exporters’ body Federation of Indian Export Organisations (FIEO) on Saturday.The move is expected to provide much-needed support to the exporting community, which has been dealing with multiple global challenges.“The assurance was given by the Directorate General of Foreign Trade during a meeting with the ex…