US oil product exports surged to a record 8.2 million barrels per day last week as countries scrambled to replace fuel supplies disrupted by the Hormuz crisis, according to Bloomberg reporting, which noted that diesel exports led the increase and reached an all-time high.Countries are now competing for refined products, including diesel, jet fuel, and...Read More

The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that “chocolate flavour” imported for use as a flavouring substance in the food industry cannot be classified as a cocoa-based food preparation under Chapter Heading 1806 of the Customs Tariff Act, 1975.  The bench of P.A. Augustian (Judicial Member) and...Read More

The agreement aims to reduce trade barriers and create new export opportunities, though dairy remains one of the most sensitive and closely negotiated areas. India’s historically protective stance on its domestic dairy industry means that any concessions are likely to be gradual and carefully managed. For New Zealand’s dairy sector, the FTA represents a strategic...Read More

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