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NR IMPORT DUTY
India facing acute shortage of natural rubber, prices soarIndia experienced an alarming shortfall in natural rubber for 2023-24, with domestic production unable to meet the growing demand. Rising i...- Budget wish list: ATMA asks govt to restrict import of waste tyresBudget expectation: The Automotive Tyre Manufacturers' Association (ATMA) urged restrictions on waste tyre imports, warning that India is b...
- Vast stretch of land identified in North East and West Bengal for rubber cultivationImport of NR increased to 546,369 tonnes during 2021-22 compared to 410,478 tonnes during 2020-21. 60% of the import was through duty paid ...
- Tyre industry body ATMA urges government to allow duty-free import of natural rubber"With the production of 7,90,000 tonnes as projected (in normal scenario) by Rubber Board, NR imports to the tune of at least 5 lakh tonnes...
- South Indian natural rubber sector suffers Rs 610 crore loss after lockdown: UpasiThe association has estimated a crop loss of 49000 tonnes valued at Rs 610 crore from the last week of March and April. The absence of rubb...
- Budget 2019: Tyre industry finds budget a mixed bagWhat will lend an impetus to the auto and tyre sectors is Finance Minister’s proposal to invest Rs 100 lakh crore in the infrastructure sec...
- Upasi protests against move to reduce rubber import dutyUpasi president A E Joseph said there should not be any tweaking of the import duty currently at 25% or Rs 30 whichever is lower.
- Rubber output hits a 6-year low of 1.26 LTFor the second consecutive month in June, NR consumption breached the one lakh-tonne mark.
- Natural rubber production rises marginally while consumption peaks for 2017-18M K Shanmuga Sundaram, chairman and ED of Rubber Board said the natural rubber (NR) production increased by 0.4% from a year ago to 694,000...
- Indian tyre makers rue shortfall of natural rubberThe tyre industry has been importing block rubber available at?95 per kg to bridge the deficit between production and consumption.
- Rubber MSMEs voice concern on supply crunch, volatility in priceAll India Rubber Industries Association (AIRIA) has stated that domestic natural rubber (NR) production has hit multi-year low causing a su...
- Rubber industry protests against port restrictions of NR importAccording to the industry, India already levies one of the highest duties on import of NR and one of the lowest duties on import of finishe...
- Price fall: Rubber growers association seeks support of CentreWith the natural rubber prices plunging to Rs 95 per kg, an eight year low, the Indian Rubber Growers Association has requested the interve...
- Rubber and tyre industry says imports have been less than production-consumption gap this yearQuoting Rubber Board data, the industry has stated that against NR production-consumption gap of 2.55 lakh tonnes in the April-Oct period.
- Tyre industry for urgent measures to arrest the slid in natural rubber productionThe data for production released by Rubber Board showed a significant drop in production of 11% in the first two months of current fiscal.
- Regional Trade Agreements Hurt Domestic Tyre CosUnder Asean FTA, Indo-Sri Lanka, India-Singapore or India-Malaysia trade agreements, NR is in the negative list leading to no duty concessi...
- Rubber industry calls for scrapping cess on import of rubberWith rubber industry depending more on import of natural rubber as international prices go down & supply becomes tight in local mkt, there ...
- SME rubber units demand increase in import duties of finished rubber productsAccording to AIRIA, the import of finished rubber products has gone up by 100% in the last three years from Rs 3,810 crore to Rs 7,608 cror...
- Output not stretched, says Rubber BoardThe production of natural rubber in June is given as 54,000 tonne, while consumption at 82,000 tonne showed a 1.2% fall in the same period.
- Ready to bounce and flyNotwithstanding the number of challenges, the rubber industry presents a great scope for SMEs not just in the domestic market but also glob...
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