import duties - Latest News, Analysis, Opinion - BW Businessworld

The list will only include goods for which the nation has adequate manufacturing capacity

Foreign Imports May Spell Bane For Indian Apple Traders

Chaitali Dixit

India being an agrarian country, especially in the horticultural sector has always contributed to the GDP. According to the Commerce Ministry, there has been an increase in the fruits import by 3.8 per cent. Find out here how the importation will affect the economy and traders

Govt Planning To Cut Import Duties On Edible Oil

CBDT and Custom officials say that this deduction being done by the government can continue even further

India Is Exporting Strictly Non-genetically Modified Rice: Central Govt

Economy Policy Agriculture

The clarification from the commerce ministry came following a news report regarding food recall linked to alleged GM rice from India.

Govt Exempts Import Duty On Inflammatory Diagnostic Kits

Companies & Markets

The government had exempted duty on COVID-19 vaccines, medical grade oxygen and related equipment as the nation battled its worst health crisis with a 'tsunami' of infections setting a new world record for cases.

India May Raise Import Duties On More Than 50 Items Next Week

Finance Minister Nirmala Sitharaman could make the announcement when she presents her annual budget for 2020/21 on Feb.

India Raises Tariffs On Imports, Taxes For The Super Rich As It Seeks Growth

Sitharaman raised import duties on gold and other precious metals to 12.5% from 10%, and levied an import tax of one rupee per tonne on crude oil to boost federal revenue just as global oil prices have softened from their highs.

50 Indian Items Face Heat As US Revokes Duty-Free Privileges On Import Of 90 Products

As of November 1, these products "will no longer qualify for duty-free preferences under the GSP programme but may continue to be imported subject to regular Most Favored Nation duty-rates," an official of US Trade Representative told media sources

Sensex, Nifty Turn Choppy On F&O Expiry & Weak Asian Cues

Companies & Markets Markets Stock Market

BSE Sensex and Nifty turned volatile in early trade today amid investors turning cautious ahead of September futures and options expiry today and weak asian cues after US Fed raised interest rates for the third time this year

Rupee Strengthens By 22 Paise Against Dollar In Early Trade

Companies & Markets Markets Stock Market

After the government raised import duties yesterday to arrest rupee fall, the Indian currency continued to recover and strengthened by another 22 paise to 72.38 against dollar in early trade today

China To Cut Import Tariffs On Soybean, Other Products From India, Asia-Pacific Nations

Companies & Markets Sector Reports

Imported products such as chemicals, agricultural products, medical supplies, clothing, steel and aluminium products from these countries will also enjoy certain tariff reductions

Exports Up 12.36% In December; Trade Deficit Widens To 3-Year High

PTI

Imports too surged significantly to $41.91 billion, up 21.12 per cent, on increased inbound shipments of crude oil and gold

India Considers Reinstating 25 Per Cent Wheat Import Tax

Companies & Markets Markets Commodities

India, the world's second-biggest wheat producer, lowered the import tax on the grain to 10 percent from 25 percent in September 2016 and scrapped the duty on Dec. 8 last year

India Seen Facing Tight Wheat Supply As Ukrainian Shipments Delayed

Companies & Markets Markets Commodities

The government on Thursday scrapped its 10 per cent import duty on wheat after droughts in the past two years depleted stocks and raised prices

India Scraps Wheat Import Duty, Purchases May Hit Decade High