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Goyal urges India Africa trade leap by harmonizing standards and customs procedures for smarter supply chains

Goyal urges India Africa trade leap by harmonizing standards and customs procedures for smarter supply chains

Commerce Minister Piyush Goyal called for aligning standards and customs procedures between India and Africa to unlock faster, smarter growth for businesses. Speaking ahead of the India-Africa Business Dialogue and Exhibition, he pointed to the AfCFTA’s nearly $3.4 trillion value and India’s expanding $4 trillion economy as a chance to diversify supply chains and move beyond raw-material trade toward integrated manufacturing. The minister highlighted cooperation in renewable energy, green hydrogen, green ammonia, electric mobility, and digitalization. Bilateral trade is projected at $93.69 billion in 2025-26.

Summarised by Beize from a story on The Economic Times on 14 May 2026
DRI and customs tighten surveillance as India hikes gold import duty to 15%

DRI and customs tighten surveillance as India hikes gold import duty to 15%

Revenue intelligence and customs officials plan to intensify checks at airports, seaports and land borders after India raised import duty on gold and silver to 15%. The crackdown targets smuggling routes, carrier networks and foreign syndicates, aiming to prevent a resurgence of illegal gold trade sparked by the tariff hike.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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China cracks down on fertilizer exports as ammonium sulphate rules tighten amid soaring global prices

China cracks down on fertilizer exports as ammonium sulphate rules tighten amid soaring global prices

China is reportedly tightening customs checks on fertilizer exports, focusing on ammonium sulphate, to stop traders from bypassing new restrictions. Authorities are watching for misdeclarations where urea or potash are reported as permitted ammonium sulphate. The crackdown comes as a sharp domestic versus international price gap grows, driven partly by global disruptions including the Strait of Hormuz.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026
Exporters get relief as SEZ goods sent home become imports on re export

Exporters get relief as SEZ goods sent home become imports on re export

The government has clarified that goods moved from SEZ units to India’s domestic market, after paying applicable duties, will be treated as imports when re-exported. As a result, exporters can claim duty drawback on such re-exports, aiming to remove inconsistencies and improve cash flow and certainty for businesses.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026
Kolkata Airport customs seizes Rs 36 lakh marijuana hidden in edible pouches

Kolkata Airport customs seizes Rs 36 lakh marijuana hidden in edible pouches

Kolkata customs officials seized marijuana worth about Rs 36 lakh from a passenger arriving from Bangkok. The drugs were concealed in vacuum-sealed packets hidden inside edible item pouches placed in checked-in baggage. Officials say the find underscores ongoing anti-trafficking efforts, with a similar case reported recently from Ahmedabad.

Summarised by Beize from a story on The Economic Times on 26 Apr 2026
15 banks cleared to import gold and silver for three years starting 2026

15 banks cleared to import gold and silver for three years starting 2026

India has authorized 17 banks to import gold and silver for a three-year window beginning April 1, 2026, with validity until March 31, 2029. The government move is aimed at clearing a customs clearance bottleneck that had stalled shipments. Importers can now expect smoother processing and more predictable precious metals trade.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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India Inc urges Budget reforms and tax stability with new dispute settlement proposals

India Inc urges Budget reforms and tax stability with new dispute settlement proposals

ASSocham has pitched the government to extend the “Vivad Se Vishwas” settlement scheme beyond current coverage into highly regulated sectors such as telecom, power, and mining. It also wants a dedicated dispute resolution mechanism for customs-related cases, arguing that tax and procedural stability would reduce litigation burdens and improve business certainty.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Finance Ministry to revisit MOOWR customs benefits for imported battery storage systems

Finance Ministry to revisit MOOWR customs benefits for imported battery storage systems

India’s Finance Ministry is preparing discussions over customs warehousing benefits under the MOOWR scheme for imported battery storage systems. Industry groups warn the policy could tilt the market against domestic players, prompting concerns about misuse and gaps in implementation. The government plans consultations with the power and renewable energy ministries before deciding how the move fits energy security goals.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
DPIIT unleashes regulatory relaxations to keep fuel raw materials flowing to industry

DPIIT unleashes regulatory relaxations to keep fuel raw materials flowing to industry

DPIIT has announced multi-sector regulatory relaxations aimed at strengthening industrial supply chains, focusing on uninterrupted access to fuel, gas, and essential raw materials. The plan includes customs duty waivers, expedited licensing, and quicker processing for CNG and CBG station applications. It also allows temporary storage relaxations for kerosene and imposes a ban on ammonium nitrate exports.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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