SIGN IN SUBSCRIBE

News Update

I-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 pollsGermany disfavours Brazil’s proposal to tax super-richI-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITATGovt appoints Dinesh Tripathi as New Navy ChiefAFMS, IIT Kanpur to develop tech to address health problems of soldiersFBI sirens against Chinese hackers eyeing US infrastructureI-T - Interest earned on short term deposit out of borrowed funds during period prior to commencement of business, is totally foreign to business objects of assessee, and not eligible for set off: ITATKenya’s top military commanders perish in copter crashCBIC notifies Customs exchange rates w.e.f. April 19, 2024Meta shares ‘Most Intelligent’ AI assistant built on Llama modelST - Service Tax paid in respect of export of services and cannot be subject to levy of Service Tax under Notfn 18/2009-ST, denial of exemption on procedural lapses cannot be sustained: CESTATDengue cases soaring in US - Close to ‘Emergency situation’: UN AgencyNexus between Election Manifesto and Budget 2024 in July!Half of China’s major cities sinking, reveals StudyCX - The warranty service is eligible for credit though the same is provided after clearance of final products: CESTAT
 
Marine exports earned USD 5.5 bn forex last fiscal

By TIOL News Service

NEW DELHI, JULY 05, 2015: DURING the financial year 2014-15, exports of marine products reached an all-time high of USD 5511.12 million. Marine product exports crossed all previous records in quantity, rupee value and USD terms. Exports aggregated to 10,51,243 MT valued at Rs. 33441.61 crores and USD 5511.12 million. Compared to the previous year, seafood exports recorded a growth of 6.86 % in quantity, 10.69% in rupee and 10.05 % growth in USD earnings.

Major items of export
 
Frozen shrimp continued to be the major export item in the export basket in terms of quantity and value, accounting for a share of 34.01 % in quantity and 67.19% of the total USD earnings.  Shrimp exports during the period increased by 18.60%, 16% and 15.54% in quantity, rupee value and USD value respectively.  However unit value realization decreased to 10.38 USD/Kg from 10.65 in 2013-14, a negative growth of 2.59%.
 
The overall export of shrimp during 2014-15 was to the tune of 3,57,505 MT worth USD 3,709.76 million. USA is the largest market (1, 12,702 MT) for frozen shrimp exports in quantity terms followed by European Union (81,952 MT), South East Asia (69,068MT) and Japan (30,434 MT).
 
The contribution of cultured shrimp to the total shrimp export is 76.45% in terms of USD. The export of cultured shrimp has shown positive growth of 21.66% in quantity and 15.53% in USD terms.
 
During 2014 -15 shrimp aquaculture has shown a tremendous growth (30.64%) and achieved highest production (4,34,558 MT). Production of L. Vannamei increased by 41% to 3,53,413 MT. Black Tiger production remained stagnant at 71400 MT. Scampi production increased by 32% to 7989 MT.  Major shrimp producing states have shown positive growth - Andhra Pradesh 2,79,727 MT (+31%), Tamil Nadu 32,785 MT (+20%), Gujarat 30156 MT (+182%), Maharashtra 4426 MT (+113%), Orissa 22539 MT (+56.13%).
        
 


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360





Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST