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IMPORT DUTY CUTS
500%, 100%, then a waiver: How India escaped Trump's Russia tariff threatIn the beginning it was 500%, then it came down to 100% and then, a waiver. This is how the tariff threat has evolved from an ambitious pro...- Trump's waiver of Graham law curbs comes as a relief to India, other Russian energy buyersTrump’s waiver of Graham bill provisions could leave US navigating competing priorities: sustaining pressure on Moscow, containing domestic...
- India notifies first New Zealand FTA duty cuts; sheep meat gets zero duty, kiwi fruit at 15%India has notified the first set of customs duty concessions for imports from New Zealand under their free trade agreement, effective Octob...
- Government cuts duty drawback rates on gold, silver jewellery exportsThe government has announced a reduction in duty drawback rates for gold and silver jewellery exports. The rates for gold jewellery have de...
- Can a private company switch off a country’s battlefield communications? The Starlink-Ukraine crisis exposes a new vulnerability in modern warfareUkraine has depended on SpaceX's Starlink for military communications since Russia's invasion began in February 2022. Connectivity disrupti...
- Edible oil refiners set to clock 10-12% revenue growth in FY27 despite duty cut: ReportEdible oil refiners are projected to achieve a revenue growth of 10-12% this financial year. The recent cut in import duties on crude edibl...
- Titan Jewellery CEO Arun Narayan bullish on festive demand, but watchful on rural trendsTitan Jewellery division CEO Arun Narayan expects a strong festive season, with Tanishq’s new Dhanteras collection, Adhyantara, catering to...
- Industry body seeks higher duty on copper used in solar moduleThe Indian Primary Copper Producers Association has urged the government to raise customs duties on solar copper products. They recommend i...
- PM Modi's free trade push could lead to $140 billion GDP gain for IndiaA more protectionist US could unexpectedly benefit India as New Delhi expands its free-trade agreements (FTAs) to diversify export markets ...
- EU and China strike interim trade deal that could cut Chinese hybrid exportsChina and the European Union have agreed on a preliminary trade deal to address trade imbalances. This deal includes reduced tariffs on cer...
- Will EU press the ‘kill switch’ on China? Trade war looms over talksEU officials are raising alarms over the escalating trade deficits with China, exceeding one billion euros on a daily basis. The spike in C...
- Pulses prices surge: Will cheaper imports bring relief to consumers? Stakeholders dividedIndia currently imposes a 10% import duty on red lentils and chickpeas, while yellow peas attract a 30% duty.
- Industry body urges cooking oil firms to pass on import duty cut to consumers as festive season nearsIndian Vegetable Oil Producers’ Association calls on companies to reduce retail prices following recent government duty cuts. The duty redu...
- India may be best placed to fill a China-sized hole in fuel exportsIndia could emerge as a key swing supplier of refined fuels as China suspends October exports, helped by recovering Middle Eastern crude im...
- India steps up palm oil buying as tax cut spurs restockingIndia is increasing its palm oil imports after reducing import duties, prompting refiners to restock. More than 200,000 tons of crude palm ...
- Pulses import duties may ease over poor rainsAt present, imports of chana attract a 10% duty, while yellow peas are subject to a 30% duty. Tur and urad imports are allowed duty-free un...
- India's sunflower oil imports seen up 30% on duty cut, industry official saysIndia’s sunflower oil imports are expected to jump 30% to 3.5 million tonnes in 2026-27 after the government cut the basic import duty on c...
- Crude surged. Why didn’t India’s petrol prices?As the West Asia conflict drove up oil costs, India kept a much larger rise from reaching the pump. This explainer dives into how protectio...
- Food Ministry asks edible oil firms to pass on full benefit of import duty cutsThe Food Ministry has requested edible oil companies to reduce distributor prices following recent import duty reductions. This directive a...
- Govt cuts edible oil duty to ease pricesThe government has cut customs duty on various edible oils, which includes crude and refined oils. These changes aim to reduce import costs...
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