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INDIA IMPORT DUTY REDUCTION
India considers cutting vegetable oil import taxes as prices climbIndia is considering lowering import taxes on vegetable oils. This move aims to curb rising food inflation ahead of festival season. Lower ...- India clears 642-car import quota from UK under India-UK trade agreementIndia's Directorate General of Foreign Trade approved seven companies to import 642 cars. These imports will occur under the India-UK free ...
- CBIC to step up outreach as EMI scheme struggles to attract manufacturersThe CBIC will conduct outreach programs to encourage EMI scheme adoption. Data and documentation requirements for the scheme have been subs...
- Customs should accelerate AI usage to reduce cost, physical interface with trusted taxpayers: CBIC chiefIn a progressive move, the Customs department plans to ramp up its deployment of artificial intelligence and real-time analytics to limit d...
- Leather, footwear exports may hit $5.5 billion as UK, EU trade pacts boost growth: CLE Chairman JunejaIndia's leather exports are projected to reach USD 5.5 billion by 2026-27. Trade pacts with the UK and EU will significantly boost these fu...
- Cooking oil imports up 5% in first 10 monthsIndia’s soyoil imports hit a record in August as refiners stocked up for the festival season, while palm oil purchases reached a six-month ...
- Customs duty hike impact: Gold imports contract to USD 2.3 billion in AugustIndia’s gold imports declined significantly in August following an increase in customs duty, while silver imports rose sharply during the m...
- India's met coke imports set for record despite anti-dumping levyIndia's met coke imports are set to reach a record high this year. Domestic shortages and strong pig iron demand fuel higher overseas purch...
- Textile industry wants 6-month extension for duty-free cotton importsIndia's textile industry requests a six-month extension for duty-free cotton imports beyond October 31. This plea comes as cotton yarn pric...
- India to get 6.94 lakh tonnes steel export quota under EU free trade pactIndia will receive country-specific tariff-rate quotas for steel exports to the European Union. These quotas total 1.64 million tonnes annu...
- EU to allow 2.5 lakh Indian cars at concessional duty under FTA; quota to reach 4 lakh in 10 yearsThe European Union will permit 2.5 lakh Indian passenger vehicles annually at a reduced 8 percent duty. This import duty concession will gr...
- US determines anti dumping, countervailing duty on Indian solar cells, panelsThe US has finalized duties on solar cells and panels imported from India. Anti-dumping and countervailing duties were set for several Indi...
- US finalises levies on solar cell imports from India, Indonesia, LaosThe US Commerce Department has finalised anti-dumping and countervailing duties on solar cells and panels from India, Indonesia and Laos, c...
- India-EU FTA: EU gets tariff quota for 1 lakh cars initially, rising to 1.6 lakhThe India-EU free trade agreement will allow European automakers to export 1 lakh passenger vehicles annually at concessional duties initia...
- India ramps up domestic LPG production as renewed US-Iran attacks spark fresh fears over Strait of Hormuz suppliesIndia is increasing domestic cooking gas production to address supply gaps. Local refiners aim to add over ten percent to current output le...
- Illegal gold imports surge in India: Smuggled gold selling up to Rs 8,000 cheaper is distorting bullion market & hurting legitimate dealersSmuggled gold is distorting India's bullion market, impacting legitimate dealers and jewelers. Higher import duties have made the grey mark...
- Ethanol blending: India should consider temporary cut to 15% from 20% target, says ICRIERIndia should consider temporarily lowering ethanol blending in petrol to 15% during severe feedstock shortages or sharp food-price pressure...
- PM Modi's call to cut gold purchases & 15% tax change India's import numbersModi’s renewed call to curb gold purchases comes as the government seeks to reduce India’s gold import bill and put some of the estimated 3...
- PM Modi urges Indians to avoid buying gold to curb trade deficit and support rupeePrime Minister Modi renewed his appeal for Indians to avoid buying gold unless necessary. This call aims to curb bullion demand and ease ec...
- Govt likely discussing import duty cut on gold and silver as high tariffs ‘fail’ to curb importsThe government is discussing a possible cut in gold and silver import duties after the higher rates failed to reduce imports and instead co...
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