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INDIA IMPORT DUTIES
- Niger or Nigeria? India probes soybean imports over suspected tax evasion, sources say
Indian customs officials are currently examining a notable uptick in soybean imports, which are purportedly sourced from Niger. Authorities...
Industry body urges cooking oil firms to pass on import duty cut to consumers as festive season nearsIndian Vegetable Oil Producers’ Association calls on companies to reduce retail prices following recent government duty cuts. The duty redu...
RoDTEP extension to help sustain exports in challenging global trade environment: CII's BudhiaThe government has extended the RoDTEP scheme until December 31 to support exporters effectively. This scheme offers refunds on various tax...
GST exemption for banks, nominated agencies for gold, silver imports may be withdrawnThe GST Council may end the IGST exemption on gold, silver and platinum imported by banks and nominated agencies, sources said. The exempti...
India imports 50% of gas needs, targets 10X CBG output: Hardeep Singh PuriIndia's Petroleum and Natural Gas Minister Hardeep Singh Puri emphasized the need for enhanced domestic energy production. Rising energy de...
India steps up palm oil buying as tax cut spurs restockingIndia is increasing its palm oil imports after reducing import duties, prompting refiners to restock. More than 200,000 tons of crude palm ...
Export schemes extended amid West Asia crisisThe Centre extended the duty refund scheme Remission of Duties and Taxes on Exported Products (RoDTEP) and the Rebate of State and Central ...
Pulses import duties may ease over poor rainsAt present, imports of chana attract a 10% duty, while yellow peas are subject to a 30% duty. Tur and urad imports are allowed duty-free un...
Govt extends import price curbs on two pharma raw materialsThe Directorate General of Foreign Trade has announced an extension of the minimum import price validity period. This extension will apply ...
PM Modi and Trump hold first telephonic talks since Russia sanctions law; discuss trade, defencePrime Minister Narendra Modi and US President Donald Trump have agreed to maintain close engagement to advance the India-US Comprehensive G...
India's sunflower oil imports seen up 30% on duty cut, industry official saysIndia’s sunflower oil imports are expected to jump 30% to 3.5 million tonnes in 2026-27 after the government cut the basic import duty on c...
Crude surged. Why didn’t India’s petrol prices?As the West Asia conflict drove up oil costs, India kept a much larger rise from reaching the pump. This explainer dives into how protectio...
Under-the-counter cash gold sales boom in India as high prices and taxes biteHigh gold prices, combined with higher taxes, are encouraging more buyers to engage in cash transactions. This trend allows buyers to save ...
Gems, jewellery exporters rush to beat new US tariff deadlineMumbai and Surat’s gems and jewellery exporters are stepping up production and rushing shipments to the US ahead of a potential new tariff ...
India to soon release new steel policy, eyes 600 million tons capacity by 2047, secy saysIndia's government will soon unveil a new national steel policy aimed at boosting steel production. The production capacity is expected to ...
Food Ministry asks edible oil firms to pass on full benefit of import duty cutsThe Food Ministry has requested edible oil companies to reduce distributor prices following recent import duty reductions. This directive a...
Retail prices of cooking oils may fall after duty cut: Industry body IVPACooking oil prices could ease after the government cut import duties on crude and refined sunflower, soybean and palm oils, industry body I...