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COUNTERVAILING DUTY CUT
UK’s steel curbs emerge as an early hurdle for FTA with India ahead of roll-out. Is there a way out?The UK has extended safeguard measures on select steel imports; starting from July 1, 2026, it will reduce tariff-free quotas by 60% and im...- China to impose tariffs on some types of US single-mode optical fibreChina is set to impose tariffs on specific optical fibre imports from the United States starting September 4. The commerce ministry accuses...
- India introduces Diamond Imprest Authorization Scheme to boost exportsThe Diamond Imprest Authorization (DIA) Scheme, effective April 1, 2025, allows duty-free import of natural cut and polished diamonds under...
- Govt needs to reduce import duties on inputs, capital goods to lessen need for export schemes: GTRIIndia's Global Trade Research Initiative (GTRI) suggests that reducing import duties on inputs and capital goods could help reduce the need...
- Budget 2022: Sitharaman proposes a customs duty cut on certain chemicals"Unblended fuel to attract additional excise duty of Rs 2/litre from October 1 to promote blending biofuels in petrol and diesel," the Fina...
- No IGST on imports under export promotion schemesA number of IT and telecom products do not face any basic customs duty as India has committed to exempt these items under the Global Inform...
- Ministry of Electronics and IT optimistic about Apple's production planA major hurdle is with Apple's demand seeking a 15-year exemption on countervailing duty (CVD) on imported components, a demand India may f...
- Budget 2017: Local Manufacturing will see changes in their customs & excise duty structureImporters won’t have separate conditions for getting their goods from courier or postal terminals at the ports.
- Budget 2012 falls short of Shipping industry's expectationsExpectations of a modernization fund for easy access to low-cost borrowings and abolition of seafarer’s tax to retain talent were not met.
- Countervailing duty on cement may goThe govt plans to remove countervailing duty on cement to make imports cheaper, as it looks to check the steady increase in domestic prices...
- JSW Steel to review its decision to cut productionJSW Steel, India's third largest steel company is likely to review its earlier decision to cut production, following a revival of demand in...
- FICCI demands bigger package for housing, steel sectorsUnhappy over small dosages of packages doled out for housing, cement and steel sectors, FICCI has asked government for further rate cuts in...
- Govt working to rationalise import tariff on luxury itemsIn a move aimed at checking the revenue loss stemming from Indian shoppers purchasing luxury brands abroad, the government today said it co...
- PC push may rev up green carsP Chidambaram's push for hybrid cars may not see an immediate splash of green cars on the roads, but it would certainly encourage more comp...
- FMCGs may gain from duty cut on packaging materialThe finance ministry is considering reducing central excise on packaging material to 8% from the current 16%.
- Customs duty cuts cost govt Rs 6300 crGovt has forgone Rs 6300 cr through cuts in customs duties to curtail inflation.
- Uncertainty over DEPB & Target Plus makes exporters jitteryForget that DEPB and the now defunct Target Plus schemes are not WTO-compatible, the government has anyway no justification to cut or deny ...
- Inflation phantom may scare BudgetRecord growth of real per capita income at 7.9% this year has not prevented its accompaniment, inflation, from casting its shadow on the po...
- MoF may impose 4% CVD on imports after 5% customs cutThe finance ministry is looking at levying a countervailing duty of up to 4% on all manufactured item imports.
- End of ‘Made in India’ leaves many bleedingTHE FRIENDLY disposition of Exim Policy 2002 to exports has yielded much goodwill for Commerce Minister Murasoli Maran and DGFT L N Lakhanp...
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