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Import Duty
Business  /  Published 08.08.22

Centre may scrap wheat import duty

According to traders, the heat wave in March — a period when the wheat crop matures — has hit harvest and supplies in the market. The wheat prices are around Rs 2,550 per quintal. The man...
By R. Suryamurthy in New Delhi

Business  /  Published 28.05.22

Tesla: Elon Musk sets tough terms for India

Currently, India imposes 100 per cent import duty on fully imported cars with CIF (Cost, Insurance and Freight) value more than USD 40,000 and 60 per cent on those costing less than the amount. The I...
By Our Bureau, PTI in New Delhi

Business  /  Published 23.05.22

Import duty on naphtha reduced

The Centre on Saturday reduced the import duty on naphtha, a major feedstock in the petrochemical and plastics industry, to 1 per cent from 2.5 per cent as it sought to soften the inflationary impact ...
By Our Special Correspondent in Mumbai

Business  /  Published 26.01.22

Aluminium Association of India seeks duty hike

The Aluminium Association of India has sought an increase in import duty on aluminium products and scrap to 10 per cent and a reduction in clean energy cess in the coming Union budget. At present the...
By A Staff Reporter in Calcutta

Business  /  Published 10.01.22

Incentives lined up for export shipments

The Centre plans to offer incentives to shipping lines and take steps to remove container shortages in the budget as it looks to more than double exports to $1 trillion in five years. Besides, the go...
By R. Suryamurthy in New Delhi

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Business  /  Published 13.09.21

UK may push for Scotch duty cuts

The UK-India Business Council (UKIBC) has proposed the reduction of Indian import duty on Scotch whisky and medical devices along with the alignment of standards and intellectual property protection i...
By A Staff Reporter in Calcutta

Business  /  Published 12.09.21

Govt cuts import duty on edible oil

The government has slashed the base custom duties on palm oil, soyoil and sunflower oil to contain spiralling edible oil prices. The base import tax on crude palm oil has been reduced to 2.5 per cent...
By Our Special Correspondent in New Delhi

Business  /  Published 25.07.21

Tesla seeks import duty cut

Tesla Inc is likely to set up a factory in India if successful with imported vehicles, chief executive Elon Musk said on Twitter, after the company wrote to Indian ministries seeking a big reduction i...
By Our Special Correspondent in New Delhi

Business  /  Published 14.07.21

Duty relief for Covid inputs

The government has exempted basic customs duty on imports of specified API/ excipients for Amphotericin B and raw materials for manufacturing Covid test kits as the number of Covid-19 cases slowly inc...
By Our Special Correspondent in New Delhi

Business  /  Published 22.04.21

Gold imports surge, prices start to rise

Globally, international gold prices rose on Wednesday, hovering near a seven week high hit earlier this week as a softer dollar and easing of US treasury yields lifted demand for the safe haven metal....
By A Staff Reporter in Calcutta


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