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IMPORT DUTY REDUCTION INDIA 2023
Duty relief may be extended for petrochemical inputs for pharmaRavi Teja, deputy director at the Department of Commerce, told reporters in Hyderabad on Tuesday that a review is underway for a possible e...
India's gold tariff hike fuels smuggling revival, squeezes banks and refinersIndia's decision to raise gold import duties to 15% is triggering a fresh surge in smuggling, as illegal operators exploit a widening price...
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...
What's brewing? FinMin seeks gold lending info from banksIn a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GML...
Govt sets up 6 sector-specific groups to identify products to boost manufacturing, cut importsIndia is boosting domestic manufacturing. Six expert groups will identify 100 products to reduce import dependence. This initiative aims to...
India renews 5-year levy on solar glass imports from Malaysia: GazetteIndia has extended import duties on Malaysian solar glass for five more years. This decision follows a government review finding that remov...
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...
Silver imports via authorised channels onlyNew import rules for silver are now in effect. All silver imports must go through specific government-approved channels. This includes agen...
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...
India, UK discuss sticking points delaying free trade pact rolloutAs India and the UK maneuver through complex trade discussions, they are focused on addressing the sticking points that are currently slowi...
Silver imports now require prior authorisation as India tightens import rulesIndia's recent crackdown on silver imports marks a bold economic strategy. Now, traders must secure prior authorization for all grain and p...
US may have shaved its metal tariffs but the steel wall facing Indian exporters remains standingTariff modifications in the United States bring a touch of relief for Indian exporters, particularly with reduced duties on select metal-in...
Trump temporarily slashes tariffs on farm, industrial equipment from 25% to 15%America's President Donald Trump has reduced tariffs on farm and industrial equipment. Duties on machinery like harvesters and bulldozers w...
Fuel duty cuts can power export hikeIndia's fuel exports are set to rise following export duty cuts. This move aims to restore shipments to Europe and West Asia. High crude oi...
India trims fertiliser demand for kharif season as weak monsoon outlook triggers reassessmentIn anticipation of the upcoming sowing season, India is making strategic changes by reducing its fertilizer requirements due to forecasts o...
India may rethink Scotch whisky tariff cuts if UK does not ease steel import curbsIn a strategic move, India may reconsider its tariff reductions on British products, especially Scotch whisky, pending the UK's solutions t...
India-Oman CEPA to strengthen energy security, trade resilience and export growth: ReportIndia and Oman's Comprehensive Economic Partnership Agreement begins June 1, 2026. This pact will significantly boost trade and energy secu...
CITI welcomes temporary removal of 11% cotton import duty, calls it boost for textile exportsThe move aims to boost the competitiveness of India's MSME-dominated textile sector amidst global challenges and support the nation's targe...
Canada, India officials express optimism over trade pact talksCanada and India are making progress on a free trade deal. Officials are optimistic about reaching an agreement this year. This renewed eng...
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 ...