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INDIA WINDFALL TAX ON EXPORTS
India to remain among fastest-growing steel markets in FY27: India Ratings and ResearchIndia's steel market will remain a global growth leader through fiscal year twenty twenty-seven. Strong domestic demand from infrastructure...- India's exports from SEZs up 11.8% in 2025-26: GovtExports from special economic zones experienced a remarkable boost in 2025-26, eclipsing USD 185 billion. The pharmaceutical industry also ...
- India extends anti-dumping duty on select chemicals, metal goods; imposes on oneIndia has extended anti-dumping duties on four products, including chemicals and steel goods. New duties were imposed on metallurgical coke...
- India raises windfall tax on petrol exports to Rs 3.5/litre, diesel to Rs 24/litre from August 3The government has decided to raise the windfall tax on fuel exports, now charging Rs 3.5 per litre for petrol and a steep Rs 24 per litre ...
- India proposes tax relief for offshore funds using local managersIndia has proposed easing tax rules for offshore investment funds using India-based managers by removing size and investor limits, aiming t...
- India proposes extending tax breaks for contract manufacturing in a boost for AppleIndia has proposed extending tax exemptions until 2041 for foreign companies supplying machinery and components to contract manufacturers, ...
- Government plans to ease forex rule for SEZ services exports to domestic tariff areasThe current provision under Section 2(z) of the SEZ Act, 2005 mandates that proceeds for SEZ to DTA supplies of services must be realised i...
- Processed food exports gain steam, US leads the rise in global appetiteExports of ready-to-eat and cooked food items increased 16% to $2.4 billion in 2025-26 from $2.1 billion in the previous financial year, ac...
- ITC Q1 profit plunges 27% due to record cigarette taxes and West Asia crisisITC's first quarter net profit declined twenty-seven percent year-on-year. Record taxation on cigarettes significantly impacted the company...
- Rajasthan footwear artisan earning Rs 15,000 a month received Rs 6 cr tax notice: A fake export firm in TN with Rs 6.7 crore GST dues was allegedly registered using his PANRajasthan footwear artisan Jitendra Kumar Jingar, who earns Rs 10,000 to 15,000 a month making traditional leather shoes in Balotra distric...
- Ohio man wins lottery twice in one day after buying back-to-back tickets from same storeAn Ohio man experienced remarkable luck winning two scratch-off tickets on a single day. His first ticket yielded a substantial prize of $4...
- Hyundai India Q1 profit misses estimates, drops 35% on disruptionsHyundai Motor India reported a 35% decline in Q1 net profit, missing estimates as production disruptions and weaker Middle East exports hur...
- India’s merchandise exports to new FTA partners are expected to reach $1 trillion by 2035: ASSOCHAMThe new wave of India’s FTAs is expected to bolster opportunities for Indian exporters in developed markets through its nine new FTAs with ...
- Reliance ramps up diesel exports to Europe, Brazil in July, sources sayReliance Industries sharply increased diesel exports to Europe and Brazil in July as global fuel markets tightened following the US-Iran co...
- India-EU FTA includes dedicated framework to address CBAM concerns, says commerce officialIn the India-European Union free trade agreement, a proactive framework for a carbon border adjustment mechanism is established, aimed at p...
- How the Mobile Phone Manufacturing Scheme could make India a global electronics manufacturing hubIndia's new Mobile Phone Manufacturing Scheme prioritses scale and exports. This strategy aims to build a robust electronics manufacturing ...
- India's January to June rice exports climb 5% as non-basmati shipments rise, sources sayIndia's rice exports grew five percent in early 2026, driven by non-basmati shipments. Higher demand from African nations boosted non-basma...
- India's engineering exports climb 21% to $11.48 bn as China demand surges 74%India's engineering exports rose 21% year-on-year to $11.48 billion in June, supported by strong demand from China, the US, Germany and Oma...
- From Bhadohi to Brooklyn: India's small towns are set to go globalIndia's latest ecommerce export reforms could transform thousands of MSMEs into global exporters by connecting small-town manufacturers wit...
- India raises windfall tax on diesel, jet fuel exports; cuts levy on petrol exportsIndia's government has adjusted windfall taxes on fuel exports, effective July sixteenth. The export duty on petrol has been reduced to two...
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