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Export & Import Blog

08
Aug

08.08.2026: Refund of IGST paid on exports cannot be denied solely on account of procedural or clerical errors in shipping bills or GST returns: Gujarat High Court

Facts of the Case: The petitioner sought refund of Integrated Goods and Services Tax (IGST) paid on exported goods. The Customs authorities had not processed the refund on account of...
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08
Aug

India’s crude import bill up 26% in ’26-27 Q1 despite 18% volume fall | India News

Russia, India’s biggest supplier during the quarter, supplied crude at an average cost of $2,408 per tonne, while UAE crude cost $2,213 per tonne NEW DELHI: India’s crude import bill...
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07
Aug

South Korea overtakes Japan in H1 exports on AI chip boom

S.Korea’s Q2 growth tops estimates, cementing expectations of further BOK rate hikes Container terminals at the Port of Busan, South Korea (File photo, courtesy of Yonhap) South Korea’s...
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07
Aug

Australia’s car import values jump as electric vehicle demand surges

Australia is only just selling more than it buys Australia still sold more goods to the rest of the world than it bought, but only just. The gap came in...
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06
Aug

Congo bans copper and cobalt concentrates exports, official order says

Processing facilities at Tenke Fungurume mine in 2016 before the CMOC acquisition. (Image courtesy of Lundin Mining.) The Democratic Republic of Congo has banned exports ‌of copper concentrate and cobalt...
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