Import Data Revisions Highlight Migration Issues in EXIM System
ECONOMY & POLICY

Import Data Revisions Highlight Migration Issues in EXIM System

The Directorate General of Commercial Intelligence and Statistics (DGCI&S) under the Ministry of Commerce and Industry has revised EXIM trade data from April to November 2024, following discrepancies identified during the migration of SEZ data to the ICEGATE system.

An unusual surge in precious metals imports during November 2024 prompted a detailed review by DGCI&S and the Central Board of Indirect Taxes and Customs (CBIC). Initial findings revealed that data migration led to double counting, with both SEZ imports and their clearance into the Domestic Tariff Area (DTA) being recorded as separate transactions.

Data Migration Challenges Previously, EXIM data was transmitted separately by SEZ Online and ICEGATE systems. Following the decision to consolidate reporting under ICEGATE, technical glitches have delayed the migration. As a result, both systems continue to transmit data independently, leading to inconsistencies.

Revised Data and International Standards DGCI&S has updated its figures as part of regular data corrections aligned with international norms. The revisions reflect more accurate trade statistics and are available on the DGCIS Data Dissemination Portal.

To address future challenges, a committee comprising DGCI&S, CBIC, and SEZ representatives has been formed to establish a robust mechanism for consistent data reporting.

Statistical Process and Accuracy Data revisions are standard in global statistical practices to ensure accuracy and quality. Quick Estimates, while timely, are preliminary and subject to updates as more information becomes available. This iterative process underscores the commitment to providing reliable trade data.

The Directorate General of Commercial Intelligence and Statistics (DGCI&S) under the Ministry of Commerce and Industry has revised EXIM trade data from April to November 2024, following discrepancies identified during the migration of SEZ data to the ICEGATE system. An unusual surge in precious metals imports during November 2024 prompted a detailed review by DGCI&S and the Central Board of Indirect Taxes and Customs (CBIC). Initial findings revealed that data migration led to double counting, with both SEZ imports and their clearance into the Domestic Tariff Area (DTA) being recorded as separate transactions. Data Migration Challenges Previously, EXIM data was transmitted separately by SEZ Online and ICEGATE systems. Following the decision to consolidate reporting under ICEGATE, technical glitches have delayed the migration. As a result, both systems continue to transmit data independently, leading to inconsistencies. Revised Data and International Standards DGCI&S has updated its figures as part of regular data corrections aligned with international norms. The revisions reflect more accurate trade statistics and are available on the DGCIS Data Dissemination Portal. To address future challenges, a committee comprising DGCI&S, CBIC, and SEZ representatives has been formed to establish a robust mechanism for consistent data reporting. Statistical Process and Accuracy Data revisions are standard in global statistical practices to ensure accuracy and quality. Quick Estimates, while timely, are preliminary and subject to updates as more information becomes available. This iterative process underscores the commitment to providing reliable trade data.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement