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INCREASE IN UMBRELLA IMPORT DUTY
No plastic or metal, only bamboo and palm leaves: Meghalaya’s 100-year-old umbrellas do not have a handle but can protect you from heavy rainsMeghalaya, India's wettest region, faces heavy monsoon rains. Locals have a unique solution: knups, hand-crafted rain shields made from bam...- India’s gold hunger stays unshaken as higher duties fail to close the import floodgatesIndia's insatiable thirst for gold remains resilient even in the face of increased import duties. Prior to the tax increase, there was a no...
- Indian soybean acreage expected to rise on higher prices, weak monsoon outlookIndian farmers are planting more soybeans this year. Higher prices for soybeans are making them more profitable than corn. Forecasts of les...
- India hikes diesel, ATF export levies from June 16India has increased the windfall tax on diesel and aviation fuel exports. The special additional excise duty on diesel exports will now be ...
- Gold imports up 34 pc to $3.41 bn in May; silver shipments plunge over 86 pcDuring May, India's gold imports skyrocketed by 34 percent, hitting USD 3.41 billion, as soaring gold prices fueled demand. In stark contra...
- Organised jewellers seen sustaining growth despite 80% surge in gold prices: NuvamaIndia's jewellery sector anticipates strong growth. Weddings and festivals are driving demand, even with high gold prices. Retailers report...
- No shortage of energy in country, LPG, oil supply situation comfortable: Hardeep Singh PuriSpeaking with reporters in Ludhiana, Puri further asserted that, while fuel prices rose considerably in many countries, rates in India drop...
- Call to extend duty cuts on critical inputs soonIndia is set to decide on extending customs duty relief for critical raw material imports beyond June 30. An inter-ministerial panel will r...
- India's edible oil imports up 6.7 per cent in May to 13.39 lakh tonnesIndia's edible oil imports saw a significant rise in May, reaching nearly 13.39 lakh tonnes. This increase was primarily fueled by higher s...
- Blending of E20+ petrol exempt from excise dutyThe government has removed excise duty on blending over 20% ethanol with petrol. This move supports the use of more domestically produced e...
- Planning a beach holiday? This popular European beach has banned umbrellas for most visitorsSardinia's popular beaches are introducing new rules for summer. Most visitors cannot bring umbrellas. Only families with young children an...
- India grants retrospective custom duty relief on imports of select nuclear power generation equipmentIndia has granted retrospective customs duty relief on specified nuclear power generation equipment imported between April 1, 2019 and Janu...
- Burmese proverb of the day: ‘Having a good wife is better than having a golden umbrella’ - a lesson on relationships and the value of a supportive partnerA Burmese proverb, 'Having a good wife is better than having a golden umbrella,' highlights the profound value of a supportive life partner...
- Govt extends anti-dumping duty on aluminium foil imported from China & 3 other nations till DecemberIndia has extended anti-dumping duties on aluminium foil imports. The measure will remain in effect until December 15, 2026. This decision ...
- Commerce ministry raises anti-dumping duty rejection issue at 'highest level'The Commerce Ministry is escalating concerns about the Finance Ministry's increasing rejection of anti-dumping duty recommendations. This t...
- Gold falls below pre-duty-hike levels as overseas prices dropGold prices in India have fallen significantly, reaching their lowest point since early May. This price drop is expected to encourage more ...
- 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...
- 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...
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