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COUNTERVAILING TAX
China's subsidy edge poses biggest challenge to Make in IndiaAs Indian manufacturers navigate the challenging waters of global trade, they find themselves increasingly overshadowed by Chinese business...- 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...
- GST fault line: Supreme Court to rule if taxman can bundle years into one sweeping show-cause noticeThe Supreme Court is set to decide if tax authorities can issue a single show-cause notice for multiple financial years. This procedural is...
- Government working to help exporters deal with countervailing duty casesThe government is developing a verification system for exporters under the RODTEP scheme to ensure compliance with countervailing duties. T...
- Commerce ministry to help exporters maintain proper documentation to deal with US countervailing duty casesBefore imposing countervailing or anti-subsidy duty (CVD), a country carries out detailed investigations on products which it believes that...
- Ministry road map soon for exporters to deal with CVD casesThe commerce and industry ministry is drawing up a roadmap to work on the kind of documentation that needs to be maintained by Indian expor...
- US and EU impose countervailing duty on Indian products over RODTEP schemeLast month, the US imposed CVD on Indian file folders, rejecting arguments from the Indian government regarding the WTO compliance of RODTE...
- IGST collection from imports rises about 60% in just one month of GSTTotal customs revenues in July 2017 stood at Rs 26,500 crore. IGST collections are first revenue trends on the new tax as also indication o...
- Transition provisions under GST regimeHectic preparations are on at various levels in industry and business including inventory destocking to ensure they begin on a clean slate ...
- Losing countervailing duty exemption shield likely to hurt handset makersIndustry associations seeking urgent meetings with govt, which has been promoting Make in India based on duty differential benefits, to res...
- Meeting Apple's demands to be tough under GST: Hasmukh Adhia"There is no way we can give individual exemptions under GST regime," revenue secretary Hasmukh Adhia told ET.
- After Centre, Apple may also have to cross states' hurdles to set up plant in IndiaApple’s key demand — predictability and certainty of countervailing duty exemption — will require the support of states as the country adop...
- Economic Survey: Scrapping countervailing duty exemptions will boost ‘Make in India’"India's current indirect tax system, however, acts sometimes to favour foreign production over domestically produced goods... These exempt...
- 'Withdraw customs duty, countervailing tax on coal imports'Assocham has urged the govt to withdraw customs duty and countervailing tax on coal imports, mainly used in thermal power generation projec...
- US snubbed for fabricating 'hidden subsidies' issueThe government has rebuffed US' attempts to bring the Indian subsidy programme under the scrutiny of the World Trade Organisation.
- Government may remove countervailing duty on importsThe proposal had figured at a meeting on inflation chaired by Prime Minister Manmohan Singh and attended by senior cabinet colleagues on Ja...
- Duty reduction likely on packaged softwareThe government plans to remove either the service tax or the countervailing duty on packaged software such as Microsoft Office to offer som...
- SAIL seeks countervailing duty on specified steel itemsSteel giant SAIL has sought early imposition of 14 per cent countervailing duty on imported TMT bars and structurals, which are widely used...
- Power ministry for rationalisation dutiesThe ministry of power has called for rationalisation of duties in the power sector. It has suggested reducing excise and countervailing dut...
- Cross out subsidies from export schemesPrior to the last Budget, the finance ministry had chosen to show more belligerence during its usual haggling with the commerce ministry fo...
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