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India's export up 4.39 % in June; trade deficit widens.


Date: 15-07-2017
Subject: India's export up 4.39 % in June; trade deficit widens
NEW DELHI: India's export grew by 4.39 per cent to $ 23.56 billion in June as shipments of chemicals, engineering and marine products improved, according to the official data released today.

Import too rose by 19 per cent to $ 36.52 billion in June from $ 30.68 billion in the year-ago month due to rise in inward shipments of oil and gold.

A rise in import shot up the country's trade deficit to $ 12.96 billion in the month under review from $ 8.11 billion in June 2016, the data released by the Commerce Ministry showed.

Gold import rose to $ 2.45 billion in June against $ 1.20 billion in the same month last year.

Oil import was valued at $ 8.12 billion in the month, an increase of 12.04 per cent over the same in June 2016.

Export in the first quarter of 2017-18 rose by 10.57 per cent to $ 72.21 billion while import surged 32.78 per cent to $ 112.2 billion, leaving a trade deficit of $ 40 billion.

Source: timesofindia.indiatimes.com

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What is New?

Date: 21-09-2017
Notification No. 90/2017 - Customs (N.T.)
Exchange Rates Notification No.90/2017-Custom(NT) dated 21.09.2017

Date: 20-09-2017
Circular No. 37/2017-Customs
Implementing Electronic Sealing for containers by exporters under self-sealing procedure prescribed by Circular 26/2017-Cus dated 1st July, 2017 and Circular 36/2017 dated 28th August, 2017.

Date: 18-09-2017
Notification No. 45/2017-Customs (ADD)
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Date: 16-09-2017
Circular No. 35/2017-Customs
Guidelines for provisional release of seized imported goods pending adjudication under Section 110A of the Customs Act, 1962.

Date: 15-09-2017
Notification No. 87/2017 - Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver.

Date: 15-09-2017
A. P. (DIR Series) Circular No. 04
Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)

Date: 15-09-2017
Notification No. 76/2017-Customs
Seeks to amend certain customs notifications in pursuance to change made in Budget 2017-18.

Date: 15-09-2017
Notification No. 35/2017-Central Tax
Seeks to extend the last date for filing the return in FORM GSTR-3B for the months of August to December, 2017.

Date: 15-09-2017
Notification No. 34/2017-Central Tax
Seventh amendment to the CGST Rules, 2017.

Date: 15-09-2017
Notification No. 33/2017-Central Tax
Notifying section 51 of the CGST Act, 2017 for TDS.



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