Tax-News.com: Turkey Cuts CIT For Manufacturing Firms, Exporters
The Turkish Government has recently enacted Law No. 7,351, which provides corporate tax reliefs for exporters and manufacturing businesses.
The Turkish Government has recently enacted Law No. 7,351, which provides corporate tax reliefs for exporters and manufacturing businesses.
The exports of drugs and pharmaceuticals from India are experiencing consistent growth, reflecting an increase of 8.36 percent to reach (Dollor) 2.31 billion in July of this year.
Sunil Barthwal, Secretary, Union Ministry of Commerce and Industry suggests that integrating into the global value chain could further increase India's pharma exports (!--ref1--).
Signalling a clear reversal of the earlier continuous decline in Indian exports, official data on Tuesday showed these grew for the second month in a row at $23.51 billion in October.
In a boost to Prime Minister Narendra Modis 'Make in India' initiative, automaker Ford has decided to export to the U.S. its Ecosport SUVs manufactured at its plantsin Chennai.
The U.S. Energy Information Administration (EIA) decreased its forecast for U.S. coal exports following the collapse of the Francis Scott Key Bridge and the resulting closure of the Port of Baltimore. In its April Short-Term Energy Outlook (STEO), EIA reduced its forecasts for U.S. coal exports for April by 33% and for May by 20% from previous forecasts.
U.S. exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 million metric tons (MMmt) in 2023, up 135% since the United States began exporting ethane in 2014 and 17% more than in 2022, according to data from the U.S. Census Bureau. The rapid expansion of U.S. ethane and ethane-based petrochemical exports has been fueled by the growth in domestic ethane production, which has increased with the country's natural gas production and the buildout of export and production infrastructure.
U.S. fuel ethanol exporters are on track to export a record amount of the fuel in 2024. The increase in exports this year has largely been driven by demand in countries with biofuel blending mandates and cheaper-than-usual U.S. fuel ethanol prices.
On Monday, e-commerce company Amazon said Indian MSMEs and companies that form a part of its GSP or global selling programme have in aggregate exports crossed $2 billion. Started in 2015, the GSP initiative of the company allows India based
On Saturday, the Ministry of Micro, Small & Medium Enterprises (MSMEs) in a press note warned of "unauthorized and ill-intentioned" activities of the MSME Export Promotion Council and also clarified that the government is not associated with the council. "Ministry
The export tax on jet fuel or ATF, which was set at ₹5 a litre in the last review on November 1, has not been altered
This is the second FTA with Australia in this year and has a lot of potential for exporting finished products as they are largely a raw material and intermediate producing country: Piyush Goyal
Referring to 26/11 Mumbai terror attacks, External Affairs Minister says, “Mumbai, the financial capital of India, has become a symbol of counter-terrorism globally”
Global shortage of 400 million kg of tobacco spurs export demand for the crop; premium leaves fetch farmers in Prakasam and Nellore districts a record ₹210 a kg during e-auctions
Traders claimed the central government's decision to impose 40% duty on the export of onions till December 31, 2023 will adversely affect the onion growers and its export
Duty exemption would be available on parboiled rice lying in customs ports which have not been granted LEO and are backed by valid LCs before August 25, 2023
Is there a demand-supply mismatch? Why is the government planning to offload buffer stocks?
A look at the various limits and bans on wheat and rice stocks and exports in the recent past, and their impact
The association also urged APEDA to exempt imported raw cashew nuts from Food Safety and Standards Authority of India (FSSAI) clearance in customs.
Onion prices have further risen to ₹65-80 per kilogramme in the retail market of the national capital on lower supply.
Production in India, the world’s largest rice exporter, is under unusually intense focus after New Delhi banned exports of non-basmati white rice in July, sending global prices surging
On August 19, the Union government imposed a 40% duty on the export of onions until December 31,
India’s banana export destinations extend beyond the Middle East, with potential opportunities in major global players like the USA, Russia, Japan, Germany, China, the Netherlands, the UK, and France.
Centre has permitted 24,400 MT shipments to the country amid ban on exports ‘till further orders’; exporters allege selling price being set too low, triggering windfall profits for selected UAE importers
Centre allows export of 99,500 tonnes of onions from Maharashtra to six countries despite domestic ban
Outbound shipments now feasible if global buyers pay at least $770 a tonne for Indian onions
The decision assumes importance as it comes before the crucial Lok Sabha polls in key onion belts like Nashik, Ahmednagar and Solapur in Maharashtra
UAE, Russia, Bangladesh, the US, and Sri Lanka import laptops worth $102.6 million from India.
In terms of markets, the US has emerged as a key market for Indian solar PV exports. More than 97 per cent of Indian solar PV exports went to the US in both FY2023 and FY2024, the report states.
Below are the charts showing how merchandise and service trade have been in the recent months
The Indian renewable energy industry is in a situation of concern but there is no cause for despondency
India is the world’s largest producer of bananas, but a minor exporter. The tide is turning in its favour, thanks largely to a global pest attack. Vishwanath Kulkarni reports
The top court’s dismissal of a petition on the subject highlights the limits of judicial review over executive decisions in matters of foreign policy, especially in violations of humanitarian law