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CUSTOMS DUTY REDUCTION
India's biggest trade bet comes with six red flagsIndia may be adding more trade partners, but its latest FTA report card comes with several red marks. A new study by the Global Trade Resea...- PCB makers seek 50% price hike as Iran war crushes supply chainsDomestic PCB manufacturers are demanding a 45-50% price increase and duty exemptions for imported components due to escalating production c...
- Smugglers are hard at work as higher duty puts the shine on goldThe recent spike in import duties in India has inadvertently fueled a rise in gold smuggling activities. Traders are noting a marked increa...
- Centre waives customs duty on cotton imports till October 30Cotton imports will be duty-free from June 1 to October 30, 2026. This move by the Centre aims to increase cotton availability for India's ...
- India, US to continue trade pact talks in Delhi as American delegation set to visit next monthIndia and the United States are set to boost trade talks. A top US team will visit New Delhi from June 1 to 4. The goal is to finalize an i...
- How gold ETFs, tax changes, and recycling incentives can reduce India’s dependence on gold importsOne of the objectives of the gold ETF was not merely financial innovation but to reduce, or at least postpone, the import of physical gold....
- AI use cases may lead to Rs 100 crore savings for Air IndiaAir India is leveraging AI extensively, developing over 30 in-house tools to save approximately Rs 100 crore annually. These AI application...
- Trump tariff refund checks begin disbursing this week — who qualifies and why are millions excluded from payouts?Trump tariff refunds begin disbursing this week after the Supreme Court voided IEEPA-based tariffs, leaving the U.S. government liable for ...
- Apparel industry representatives meet Vice President, seek removal of 11 pc import duty on cottonApparel industry representatives met Vice President C P Radhakrishnan and other ministers, urging the removal of an 11% import duty on cott...
- 22k gold rate today: Check 24k, 22k, 18k gold prices (May 13, 2026) on IBJA, Malabar Gold & Diamonds, Joyalukkas, Tanishq and Kalyan JewellersGold prices surged on Wednesday, May 13, 2026, following a government increase in customs duty from 6% to 15% to curb imports. This duty hi...
- Gold import duty hike triggers buying rush and volume concerns, says Senco Gold MDIndia's gold jewellery market is adjusting to a new reality. An import duty hike is causing consumers to rush purchases. Industry experts p...
- India-EU strategic partnership gained decisive new momentum, says Nirmala Sitharaman at Europe Day 2026Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Friday stated that the 16th India-EU Summit held in New Delhi this J...
- Govt examining removal, reduction of 11% import duty on cotton: OfficialThis move aims to ease cost pressures on domestic textile companies. Discussions are underway with relevant ministries for potential reduct...
- Ferrari eyes faster India expansion on back of EU-India FTA boostFerrari anticipates accelerated growth in India, driven by a significant reduction in import duties following the EU FTA. The company is en...
- Air India embraces AI to enhance ops efficiency, increase revenues, reduce costsAir India is embracing artificial intelligence to transform its operations. The airline is using AI to cut costs, improve customer service ...
- Induction cooktop makers may be enticed with duty, GST cutsIndia is weighing tax cuts on induction cooktops. This aims to boost local manufacturing and make electric cooking more affordable. The gov...
- West Asia crisis: Govt considering customs duty cut on critical induction cooktop componentsIn a bid to enhance accessibility to induction cooktops, the government is contemplating a reduction in import duties on components. Additi...
- SEZs seek duty relief for three years, higher domestic sales limitSpecial Economic Zone developers and units are urging the government for extended domestic sales concessions. They want a three-year period...
- Industry seeks duty relief on key chemicals amid supply disruptionsIndian industry bodies are urging the government to temporarily suspend anti-dumping duties on key chemical feedstocks. This move aims to e...
- Indian pharma sector faces supply risk amid West Asia conflict despite duty waiverIndia's pharmaceutical industry faces ongoing concerns about securing essential petrochemical supplies due to the West Asia conflict. While...
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