India-China border trade at Nathu La concludes
First Published: 29th November, 2018 22:39 IST
The 12th edition of the bilateral border trade between India and China from Nathu La Border concluded today at Nathula Border. Secretary of Commerce and Industries, Sikkim, S.K. Pradhan formally
The 12th edition of the bilateral border trade between India and China from Nathu La Border concluded today at Nathula Border.
Secretary of Commerce and Industries, Sikkim, S.K. Pradhan formally declared the trade closed for this season of the year 2018, in the presence of Joint Secretary N Jaswant and officials and traders from both sides.
The closing function was organized at Nathu La to mark the end of trade for a scheduled period of 7 months between 1st of May to 29th of November, 2018 and was attended by officials from Commerce and Industries Department, Government of Sikkim, Customs, ITBP, Immigration and Traders.
The volume of trade for this season recorded upto October 2018 is Rs 37.5 crore of exports and 2.76 crore of imports.
In addition to that, Rs 3 crore was also collected in the form of tax including CGST, SGST and IGST.
The next season’s trade between the two nations will re-open from 1st May, 2019. Around 700 to 800 traders from the Indian side are involved in this trade every year.
COMMENTS
TOPMOST STORY NOW
Live Lok Sabha Polls- Manipur: EVMs at 4 polling stations reportedly destroyed in Oinam village
26th April 2024Live Lok Sabha Polls- Manipur: Cong demands repoll in 17 polling stations in Ukhrul
26th April 2024Live Mizoram: 11 involved in state’s biggest scam and potentially in Northeast arrested
26th April 2024Live First reax of Meghalaya Dy CM Sniawbhalang Dhar after supected petrol bomb hurled at his residence
26th April 2024WE RECOMMEND
Trade between India-Bangladesh flourishing through Assam’s Karimganj
The local businessmen, traders, and local people are expecting that the trade (export and import) between the two neighbouring countries will increase more in the coming days.
25th April 2024Deadly floods kill 38 in Kenya; situation moving from emergency to disaster level
At least one person was killed and six people were missing in the Kenyan capital of Nairobi, Mathare slums on Wednesday following an overnight downpour.
25th April 2024US State Dept official visits Jain Temple in California, says ‘Indian-Americans are backbone of strong relationship between two countries’
Their gathering aimed to foster dialogue and stronger understanding between the US State Department and the Jain community in the US.
25th April 2024Easing travel to Bhutan: Tourism Dept lifts mandatory travel insurance for tourists
With an improvement in the Covid situation and as part of the efforts to ensure smoother travel experiences, the department decided to remove this requirement
24th April 2024US: Aircraft transporting fuel crashes into frozen river in Alaska
According to the Federal Aviation Administration, two people were on board the plane.
24th April 2024