India’s historical dominance as the leading diamond polishing nation is facing competition from China, which is experiencing a significant increase in diamond production. This has prompted India to turn to its ally and primary supplier of rough diamonds, Russia, for support in safeguarding its market position. Let’s learn about the latest updates in the diamond … Read more
India is the 19th largest exporter in the world. It exports a variety of goods and services. Indian exports are known for their high quality and affordability, making them highly profitable. If you also wish to start export business in India, you must also know about top India export commodities in 2023 that are mentioned … Read more
According to a latest notification issued, India has granted permission for traders to move their non-basmati white rice shipments that were stranded at ports due to an abrupt ban on exports of this rice category. Earlier India Banned Export of Non-Basmati White Rice to Curb Rising Prices India’s decision to ban the export of non-basmati … Read more
The ban on exporting wheat and wheat products will continue this year. It was put in place last May because there was less wheat grown. Let’s understand this latest update from the government’s side. India to Continue Wheat Export Ban Subodh K Singh, an Additional Secretary in the Department of Food, stated that the export … Read more
Advanced Analytics in Indirect Taxation (ADVAIT) data has revealed that 24 large importers have evaded ₹11,000 crore in Integrated Goods and Services Tax (IGST). ADVAIT is a data analytics tool that is used by the Indian government to track and monitor indirect taxes. The tool uses artificial intelligence and machine learning to identify patterns and … Read more
India’s Reserve Bank (RBI) has reported that the country’s service exports have experienced an unprecedented surge of 26.6% in 2022-23, reaching US$ 322 billion. This has brought India’s services exports almost on par with merchandise exports. Let’s read this interesting milestone achieved by businesses in India.. India’s Diverse Services Exports Experience Strong Growth India’s services … Read more
Indian officials have announced that the government will extend the expanded duty remission scheme for exporters beyond the September deadline. This move will provide relief to the pharmaceuticals, steel, and chemicals sectors, which have been facing various challenges recently. Let’s know about the latest updates on the export duty refund scheme further extended. Government Extends … Read more
The coconut industry is an important contributor to the economy of many countries, and the export of coconut products is a significant part of this industry. To ensure the quality and safety of coconut products that are exported, producers and exporters must register with the Coconut Board. In this article, we will provide an overview … Read more
Beginning with a brief explanation of what IEC is and who is required to register under it, we will discuss why it is essential that you renew your registration. Understand the complete process and essential details to renew your IEC Certificate through this article. What exactly is IEC? Any business person or trader who plans … Read more
A coconut business in India is a business that deals with the processing and exporting of coconuts. India is one of the leading producers of coconuts in the world, and the coconut business is an important part of the country’s economy. The coconut business is regulated by the Coconut Development Board (CDB), which is a … Read more