TradeWatch Weekly Bulletin - January 10, 2022

The Reserve Bank of India has introduced comprehensive new regulations consolidating the entire export-import framework, set to take effect from October 2026.

The Central Boilers Board (“CBB”), under the Department for Promotion of Industry and Internal Trade (“DPIIT”), Ministry of Commerce and Industry, has notified the Indian Boiler Regulations, 2026 (“IBR 2026”) under the Boilers Act, 2025.

On 2nd May 2025, the Ministry of Commerce and Industry, through its Directorate General of Foreign Trade (DGFT), issued a significant notification prohibiting the import...

The 2026 Regulations are primarily principle-based and are intended to promote ease of doing business, especially for small exporters and importers. They are also intended to empower Authorised Dealers (‘AD’) to provide quicker and more efficient service to their customers.

The European Union's 2026 Steel import Regulation marks a fundamental shift from temporary trade safeguards to permanent industrial policy, dramatically reducing tariff-free quotas by 47%, doubling out-of-quota duties to 50%, and introducing stringent 'melt and pour' traceability requirements. This transformation raises critical questions about whether traditional distinctions between trade remedies and industrial policy are disappearing, with significant implications for major steel exporters like India.

The Hague convention on the Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters was signed on 15 November 1965.

On January 13, 2026, Reserve Bank of India (RBI) notified the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, which shall come into force on October 01, 2026 (2026 Regulation).

India and Korea commence 2026 amidst intensified trade enforcement, realignment of supply chains, and ongoing negotiations for the upgrade of the CEPA.

On January 13, 2026, the Reserve Bank of India ("RBI") issued Notification No. FEMA 23(R)/2026-RB, promulgating the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 ("the 2026 Regulations").

The Central government continued the imposition of anti-dumping duty on the imports of Phthalic Anhydride from China and Korea subsequent to a sunset review investigation initiated on 27th January 2026 via No. 7/26/2025-DGTR. The anti-dumping duty on the product under consideration was originally imposed vide Notification No. 43/2021 -Customs (ADD) dated 9th August 2021. The anti-dumping duty imposed shall be in the range of USD 40.08 per MT to USD 140.17 per MT and shall remain in force for a further period of five years, that is, until 4th August 2031.