Ministry of Commerce & Industry

Review of Trade of Agricultural Goods

As per UNCOMTRADE data, India™s share in global agricultural trade is 1.67% during 2011. India™s share in world agricultural trade is relatively low. The small share is primarily on account of very high domestic consumption, low land holding size, low productivity, constraints of supply chain and marketing linkages as well as low level of processing. Moreover,… Read More

Tags: AgricultureAnnexationBusinessExportImport and ExportIndiaLok SabhaMinistry of Commerce & Industry

Withdrawal of Policy Circular No.30 dated 10.10.2005 on Importability of Alternative inputs allowed as per SION

Government of India Ministry of Commerce and Industry Directorate General of Foreign Trade Udyog Bhavan, New Delhi-110011 Policy Circular No. 03 (RE-2013)/2009-2014 Dated the 2nd August, 2013 To All Licensing Authorities; All Commissioners of Customs; Trade and Industry Subject: Withdrawal of Policy Circular No.30 dated 10.10.2005 on Importability of Alternative inputs allowed as per SION. Notification… Read More

Tags: 1st August 2013Directorate General of Foreign TradeFile Transfer ProtocolFTPGovernment of IndiaIndiaMinistry of Commerce & IndustryNew Delhi

Customs Clarification regarding applicability of the Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order 2009 for used tyres

INSTRUCTION F. No. 528/109/2011-STO (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tariff Unit 229A, North Block, New Delhi, 12th July, 2013 To All Chief Commissioners of Customs/Customs (Prev.), All Commissioners of Customs/Customs (Prev.), All Chief Commissioners Customs & Central Excise, All Commissioners of Customs & Central… Read More

Tags: Central Board of Excise & CustomsDelhi High CourtDirectorate General of Foreign TradeGovernment of IndiaIndiaMinistry of Commerce & IndustryNew DelhiQuality Control

DIPP explains definition of ˜group company™ under new FDI Policy

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 2(2013 Series) Subject : Foreign Direct investment Policy definition of ˜group company™ 1.0 The Government has decided to incorporate the following definition of ˜group company™ in the FDI Policy contained in ˜Circular 1 of 2013  Consolidated FDI Policy™, effective from… Read More

Tags: AsiaDIPPGovernmentGovernment of IndiaIndiaMinistry of Commerce & IndustryNew DelhiPress Information Bureau

Bilateral Investment Promotion and Protection Agreements signed by India

The Government of India has, so far, signed Bilateral Investment Promotion and Protection Agreements (BIPAs) with 82 countries, of which 72 BIPAs have come into force.   A list of countries with whom BIPAs have been signed or enforced is at Annexe-I. In relation to an arbitration award relating to M/s White Industries Australia Limited (WIAL), Australia,… Read More

Tags: Bosnia and HerzegovinaCoal IndiaDemocratic Republic of the CongoGovernment of IndiaMinister of StateMinistry of Commerce & IndustrySaudi ArabiaWIAL

Investment in SEZs

As per Rule 53 of SEZ Rules 2006 the SEZ units are under an obligation to achieve positive Net Foreign Exchange (NFE) earnings to be calculated cumulatively for a period of 5 years from the commencement of production. Under Rule 53 certain categories of sales/supplies have also been permitted to be counted towards NFE earnings.… Read More

Tags: Domestic Tariff AreaExportGovernmentInternational tradeMinister of StateMinistry of Commerce & IndustrySEZSpecial Economic Zone

eBiz Portal launched to ease G2B Services

As part of the Government`s initiative to improve the business environment and the ease of doing business in the country, the Department of Industrial Policy & Promotion, Ministry of Commerce & Industry launched the eBiz portal on 28.01.2013 comprising the License and Permits Services component that will allow business users to obtain a customized list… Read More

Tags: Andhra PradeshBusinessDepartment of Industrial Policy & PromotionHaryanaIndiaLicenseMinistry of Commerce & IndustryTamil Nadu

Corrigendum to FDI Policy

No. 5(1)/2013-FC.I Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Udyog Bhawan, New Delhi Dated the 16thApril, 2013 CORRIGENDUM This is in continuation to this Department's communication No. 5(1)/2013-FC-1 dated 5.4.2013, wherein ˜Circular I of 2013-Consolidated FDI Policy' was issued. 2. In paragraph  of abovementioned Circular, phrase ˜paragraph… Read More

Tags: Government of IndiaIndiaMinistry of Commerce & Industryministry of financeMumbaiNew DelhiPress Information BureauReserve Bank of India

CLR Snippets :: Government’s Stand on Generic Drugs

The subject matter of granting patent rights to individuals and companies is regulated by the Patents Act, 1970 administered by the Department of Industrial Policy & Promotion in the Ministry of Commerce & Industry. That Department has informed that the said Act, as amended in the year 2005, already establishes a fair balance between the… Read More

Tags: Andhra PradeshChandigarhDepartment of Industrial Policy & PromotionHimachal PradeshJammu and KashmirMinistry of Commerce & IndustryPatent ActWest Bengal

India Show inaugarted in Panama

The Minister of State in the Ministry of Commerce & Industry, Dr. D Purandeswari today inaugurated the India Show in Panama. Speaking during the inauguration, the Indian Minister emphasised on enhanced cooperation and engagements between India and Panama. She exhorted the business leaders of both the sides to increase the trade and investments to next… Read More

Tags: Chamber of commerceCommerceIndiaMemorandum of understandingMinister of StateMinistry of Commerce & IndustryPanamaRicardo Martinelli

India signs MoU with Costa Rica to Enhance Trade Ties

The Minister of State in the Ministry of Commerce & Industry, Dr. D Purandeswari held three bilateral meetings and signed one important Memorandum of Understanding (MoU) in Costa Rica yesterday. She first met Ms. Daisy Maria Corrales Diaz, Costa Rica™s Minister of Health. Followed by it, she met Mr. Alejandro Cruz, Minister of Science and… Read More

Tags: Alejandro CruzCentral AmericaCosta RicaIndiaLuis LibermanMinister of StateMinistry of Commerce & IndustryTravel and Tourism

Arms Length Pricing – RBI Approvals are deemed irrelevant

Ratio of the Case: A Press note issued in relation to an FDI policy thus allowing payment of royalty amounting to a certain percentage of sales under automatic route, cannot be viewed as being done at Arms Length. The FDI policy which permits payment of a percentage of royalty is meant only for remittance of the royalty… Read More

Tags: ALPArm's length principleArms Length PricingCommonwealth Law ReportsFDIforeign direct investmentI T ActIndiaMinistry of Commerce & Industryrbi

FDI Policy Revised – Circular With Effect from 5th April 2013

The Government of India is seeking to further simplify the foreign investment regime, by releasing a revised consolidated FDI policy guidelines. The changes include investments in sectors like single and multi-brand retail, power exchanges, asset reconstruction companies (ARCs), broadcasting, civil aviation, and non-banking financial companies (NBFCs). The following is the extract from the new guidelines.… Read More

Tags: April 5 2013foreign direct investmentGovernmentGovernment of IndiaIndiaMinistry of Commerce & IndustryPress ReleaseReserve Bank of India

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