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CIF VALUE
Post office customers can now do paperless transactions at branch offices with Aadhaar e-KYCThe Department of Posts has introduced Aadhaar-based e-KYC at Branch Post Offices, enabling eligible Post Office Savings Account, RD and SS...- IFC commits USD 50 million to Hygenco to promote green hydrogen in IndiaInternational Finance Corporation is investing USD 50 million in Hygenco Green Energies. This funding supports green hydrogen projects acro...
- India renews 5-year levy on solar glass imports from Malaysia: GazetteIndia has extended import duties on Malaysian solar glass for five more years. This decision follows a government review finding that remov...
- Gold imports under India, UAE FTA quota remain modest: OfficialGold imports under a special trade deal with the UAE have seen low usage. The India-UAE Comprehensive Economic Partnership Agreement offers...
- Government extends minimum import price on Multi-Layer Paper Board till September 30The government has extended the minimum import price (MIP) on virgin multi-layer paper board at ₹67,220 per metric tonne until September 30...
- India imposes import curbs on herbicide Glufosinate & saltsNew Delhi has placed restrictions on Glufosinate and its salts imports for six months. This herbicide, crucial for agriculture, will face c...
- Commerce ministry recommends anti-dumping duty on solar cells from China for 3 yrsIndia's trade remedies body has recommended anti-dumping duties on solar cell imports from China. This move aims to protect manufacturers i...
- Govt restricts import of herbicide Glufosinate priced lower than Rs 1,289 per kgThe Indian government has restricted imports of the herbicide Glufosinate priced below Rs 1,289 per kg to discourage inbound shipments. Imp...
- Tesla 'silent'; yet to communicate its India plans: OfficialAmerican tech billionaire Elon Musk, who was scheduled to visit India on April 21-22, had postponed his visit at the last moment citing "ve...
- Govt bans screw imports priced less than Rs 129 per kgThe government has prohibited the import of specific screws priced below Rs 129 per kg to boost local manufacturing. The Directorate Genera...
- Govt imposes ban on imports of cheap screwsThe government has prohibited the import of specific screws priced below Rs 129 per kg to boost local manufacturing. The Directorate Genera...
- Government prohibits import of cigarette lighters under Rs 20"The import policy of cigarette lighters...is revised from 'free' to 'prohibited'. However, import shall be free if CIF value is Rs 20 or a...
- Imported electric vehicles set to get more expensive as Budget 2023 ups customs dutyCustoms duty on electric vehicles in completely built units (CBUs), other than with cost, insurance and freight (CIF) value of more than $4...
- Taxing free-on-board imports: Gujarat High Court seeks Centre's replyA decision on the issue will have wide ramifications for crude oil, alcohol, and capital goods as a large quantum of their imports are on F...
- Taxpayers can now claim refund of IGST on ocean freight: Experts on SC judgementTax Connect Advisory Services Partner Vivek Jalan said this is a big relief for importers and GST taxpayers. "In fact those taxpayers who h...
- DGTR for imposing countervailing duty on copper tubes, pipes from Malaysia, Thailand, VietnamTaking into consideration the representations, the DGTR initiated an investigation on September 25, 2020, of subsidy being granted by the g...
- Govt imposes countervailing duty on Chinese sweetenerThe Department of Revenue imposed the duty after it was recommended by the Commerce Ministry's investigation arm DGTR.
- Government hikes electronic goods import limit for personal use"CIF value of import of consumer electronic items at any one time by any person through post or otherwise for personal use is enhanced to R...
- India relaxes border trade norms with ChinaAhead of PM Modi's visit to China, India relaxed the border trade by raising the transaction value of consignments between the two countrie...
- Oil import duty cut plans upset oilseed industryEven as the government is said to be weighing options to reduce import duty on palm and soyabean oil in the light of rising edible oil pric...
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