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DUTY DIFFERENTIAL ADVANTAGE
India takes the shine off silver as imports plunge 82% in May after duty hikeMay witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import duties and re...- Expired dates? Young Indians face dating burnout despite spending more on finding loveAmid the bustling life of young urban Indians, an ironic trend emerges: individuals thriving in their careers are still finding themselves ...
- The Gold Standard: How a Bootstrapped Company Outlasted Every Funded Rival in India’s Goldtech BoomAugmont Enterprises has quietly established India's most comprehensive gold platform. Unlike well-funded rivals that faltered, Augmont focu...
- New US tariff puts pressure on Indian textile exporters despite edge over Bangladesh, CambodiaIndian textile and apparel exporters face a mixed outlook as the US imposes a 25% tariff, impacting their competitive edge. While still bet...
- Duty reduction on crude edible oils beneficial for both refiners, consumers: CareEdgeThe government's reduction in import duties on crude edible oils is set to benefit domestic refiners by encouraging crude imports over refi...
- India becomes go-to apparel hub as buyers ditch China, BangladeshIndia's apparel exports saw a significant boost in May. The growth is attributed to Western buyers seeking alternatives to Bangladesh and C...
- India sees export opportunity in 10 products amid US-China tariff warIndia has identified 10 sectors, including apparel, chemicals, and pharmaceuticals, where high US tariffs on China provide a competitive ed...
- Stop giving finished goods booster shotsThe focus should be to promote genuine value addition. Ideally, GoI should lower import duties across the board. This would ensure all line...
- Government imposes 10% customs duty on imported mobile phonesThe 10 per cent customs duty, according to an official statement, will be levied on imported mobile phones and accessories such as chargers...
- High GST rate may leave small synthetic fibre companies in tattersSince manmade fibres comprise of more than two-third of Indian textiles sector, industry bodies fear of mass closing down of small non-inte...
- Boost for Make in India: Government close to imposing basic customs duty of at least 10% on smartphonesOfficials in the ministries of commerce, revenue, and IT and electronics said the Centre is close to a final decision. It's expected shortl...
- Mobile manufacturers to continue to get incentives, government assures industry“Either the existing regime will continue or the new regime with GST plus BCD will come in — so either way the industry will not lose out,"...
- Duty sop in GST holds key to Foxconn's Nokia unit takeoverAs GST will subsume all state taxes, retention of the duty differential becomes key for Foxconn to survive, expand in India
- Retain differential duty under GST: Handset-makers to governmentHandset makers fear that lack of clarity on the duty dispensation could not only upset the momentum of local manufacturing growth but also ...
- Phone companies want sops to stay under GSTMobile phone manufacturers were among the first to respond to the Prime Minister’s Make in India call, making investments in local assembly...
- SOPA urges government to increase import duty on Soyabean oilSOPA chairman Davish Jain has said that the soybean processing industry has been going through one of its toughest periods for the last 3 y...
- Gold jewellery imports from Asean get tougher as government asks for bank guaranteeGold jewellery imports under the India-Asean FTA face 2% import duty against 10% through the normal trade channel, offering an attractive a...
- Gold traders exploiting duty differential in free trade agreementThe decade-old free trade agreement between India and Association of Southeast Asian Nations has given rise to unintended consequences.
- Finmin says tax sops for energy efficient appliances unlikelyThe finance ministry is unlikely to favour a proposal by Bureau of Energy Efficiency (BEE) to provide tax sops to consumers on purchase of ...
- Chem ministry proposes 50% cut in excise duty on drugsExcise duty sops given by states like Uttaranchal and Himachal to attract drug makers could partly be neutralised soon.
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