CBIC to launch Eligible Manufacturer-Importer scheme by March 1; how it could ease customs compliance

[ad_1] CBIC Chairman Vivek Chaturvedi (File photo- ANI) The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce the proposed Eligible Manufacturer-Importer (EMI) scheme by March 1, with a draft framework expected to be released in five to six days for stakeholder consultation, a top official said on Thursday.Addressing a media interaction…

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Bridge over troubled waters: Donald Trump’s trade turbulence casts shadow on US-India Deal

[ad_1] TOI correspondent from Washington: A rare congressional rebuke of President Donald Trump’s Canada tariffs, a presidential rant targeting a flagship US-Canada bridge, and an impending Supreme Court ruling on emergency trade powers are converging to deepen uncertainty around American trade policy — and raising fresh doubts about the durability of the fledgling US-India trade…

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Rose rush ahead of Valentine Day 2026: Red romance runs high as prices reach Rs 100 apiece in Shimla

[ad_1] Valentine Day 2026: Love is getting costlier this Valentine’s season with red roses -the quintessential symbol of romance – selling for as high as Rs 100 per piece in Shimla markets amid strong seasonal demand linked to Valentine’s Day and the ongoing wedding season.During the off-season, red roses typically retail between Rs 20 and…

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India to get Bangladesh-like US garment duty benefits under trade pact, says Piyush Goyal

[ad_1] India will receive concessional duty access for garments made using American yarn and cotton under the proposed trade agreement with the United States, similar to benefits currently available to Bangladesh, Commerce and Industry Minister Piyush Goyal said on Thursday.The US has reduced reciprocal tariffs on Bangladeshi goods to 19%, though garments attract zero duty…

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